Wood Group’s chief executive has said that decommissioning is a “double-edged sword” for the oil industry.
Wood Group chief executive Robin Watson has said there are “credible buyers” ready to pounce on the UK North Sea business earmarked for sale as part of the firm’s £2.2billion takeover of Amec Foster Wheeler (AFW).
Wood Group’s boss said yesterday that the firm was hoping to do business with new entrants to the North Sea.
Energy service giant Wood Group recorded a 36% drop in first-half profits in the run up to its merger with Amec Foster Wheeler (AFW).
Phillips 66 has handed Wood Group a five-year deal to carry out a range of services at its Sweeny refinery near Houston.
Transocean’s planned $3.4billion takeover of Songa Offshore will create one of the world’s biggest offshore vessel contractors.
Wood Group has landed a deal with Statkraft for six windfarms.
Energy service firms Wood Group and Amec Foster Wheeler (AFW) expect to complete their merger this year despite the UK competition watchdog flagging up concerns about the deal.
Shares in Wood Group and its takeover target Amec Foster Wheeler (AFW) tanked yesterday after the Serious Fraud Office (SFO) formally launched a probe into alleged bribery and corruption.
About 200 more new jobs are being created in the UK North Sea in the latest in a string of morale boosting developments in the offshore oil and gas industry.
Wood Group has created 200 new North Sea jobs after landing its latest deal.
Wood Group has landed a White Rose job with Husky Energy.
Wood Group this morning warned its financial performance for first half of the year is "weaker than anticipated".
Wood Group has been awarded a new front end engineering design (FEED) contract with Gastrade S.A for work at the Alexandroupolis independent natural gas system offshore Greece.
Shareholders have approved Wood Group’s all-share takeover offer for Amec Foster Wheeler (AFW).
Wood Group has won a $6million contract with Woodside.
Wood Group has landed two new contracts from Statoil for its North Sea assets.
Royal Navy nuclear submarine crews will be a little bit warmer after Wood Group’s latest contract win.
Wood Group has won a two year deal with BAE Systems Submarines.
Shares of UK-listed oil field services companies slumped dramatically yesterday over concerns linked to bribery, corruption and money laundering emerged.
Aberdeen’s Wood Group has snapped up a piece of Detroit’s motor city as it branches into new markets and builds on its automation and control capabilities.
The boss of Brazil's oil and gas giant Petrobras will join an august panel of speakers at the annual Offshore Europe event in September.
About 1,300 global energy service jobs are under threat from the proposed merger of Wood Group and Amec Foster Wheeler (AFW), it emerged last night.
Oil services firm Wood Group has axed around 170 jobs in Houston, Texas.
US supermajor Chevron has awarded a contract for its Tigris and Anchor developments in the Gulf of Mexico.