Wood Group has bought over a construction and fabrication services company in the US for $36.3million. The company has acquired Swaggart Brothers which employs 200 staff in locations across America. It covers a number of oil and gas activities in shale basins including the Permian, Eagle Ford, Niobrara and Bakken.
Wood Group's boss was inducted into the Entrepreneurial Scotland Hall of Fame at a ceremony in Glasgow last night. Bob Keiller, the Aberdeen-based energy service company's chief executive, follows in the footstep of illustrious names like Sir Moir Lockhead, Donald Macdonald and Sir Ian Wood who have all received the accolade. Established in 2002 to recognise exceptional leadership, the Entrepreneurial Scotland Hall of Fame recognises successful entrepreneurs who have made a major contribution to Scottish business life.
A senior management reshuffle at Wood Group means the energy service firm’s biggest operating division is losing its chief executive. Wood Group PSN (WGPSN) CEO Robin Watson, 47, is to become group chief operating officer – a newly created role – during the first half of 2015, the company said yesterday. Aberdeen-based Wood Group also revealed a looming change at the helm of its finance team, with chief financial officer Alan Semple, 55, having announced his retirement.
The chief financial officer of Wood Group will step down from his current role, the company has said. Alan Semple has been in a number of senior financial roles with the company for more than 19 years. He has also been the chief financial officer and a member of the board since 2000.
Wood Group PSN (WGPSN) will continue its work on an offshore Canadian platform in a multi-million dollar deal. The company has been awarded a five-year contract extension for its engineering, procurement and construction services to the Hibernia platform. Hibernia Management and Development Company Ltd (HMDC) awarded the contract for work on the platform, which is in offshore Newfoundland and Labrador.