Energy services giant Wood is expecting to create around 300 new jobs thanks to a surge in activity in the UK North Sea.
Oil and gas services firms are under increasing pressure to cut links with Russia, in a bid to ratchet up economic pressure in the wake of Russia’s invasion of Ukraine.
Wood is considering its options, including a potential sale, for its built environment consulting business, which holds a 7,000-strong workforce.
Sir Ian Wood and BP CEO Bernard Looney have been announced as members of the new UK Government "Build Back Better" Council.
The North Sea boss of EnQuest has said the firm is “very interested” in a joint-operator decommissioning approach, but “someone needs to take the lead”.
One of the top bosses at energy giant Wood has called on the oil and gas industry to help remove the “peaks and troughs” experienced by the beleaguered supply chain.
Aberdeen-headquartered energy services firm Wood has said “employee reductions are being made” in order to tackle the effect of the coronavirus outbreak.
Shares in Aberdeen-headquartered energy services firm Wood climbed this morning as at predicted a surge in its annual earnings.
Aberdeen-headquartered Wood has secured work on a large petrochemicals plant in southern Oman.