Wood targets 40% reduction in emissions by 2030
Aberdeen-headquartered energy services firm Wood has announced targets to reduce its direct and indirect emissions by 40% by 2030.
Wood
New Covid reality can advance ‘inclusion agenda’, oil chiefs say
With the right leadership, the new working norms created by the Covid-19 lockdown can help advance the “inclusion agenda”, oil industry chiefs said today.
First virtual D&I event to highlight sector opportunities
More than 300 people have signed up to attend OGUK’s first-ever D&I webinar to further explore opportunities to improve diversity and inclusion in what remains a challenging landscape for the UK oil and gas industry.
Share price boost for North Sea service firms
North Sea energy services firms including Wood, Petrofac and Hunting enjoyed a share price boost in the City today.
‘Desperate situation’ for North Sea oilfield service firms as furlough costing six figure sums
Many North Sea oilfield service firms are being left in a “desperate situation” over whether to axe staff or pay mounting maintenance costs to keep them on furlough.
Wood plans more onshore redundancies due to ‘further project deferrals’
Aberdeen-headquartered energy services firm Wood has confirmed it will make more onshore redundancies as a result of reduced contracting and further project deferrals.
OGUK enlists BP, Shell, Wood bosses to fathom North Sea recovery as ‘hard decisions’ loom
An oil industry representative body has announced the formation of a North Sea recovery taskforce as “hard decisions” start to bear down over thousands of redundancies in the sector.
Former Amec Foster Wheeler building to be demolished
A warrant to demolish the former Amec Foster Wheeler building in the south of Aberdeen has been approved.
Wood donates 10,000 face masks to Aberdeen Royal Infirmary and care homes
The Wood Group has teamed up with cancer charity Maggie’s to provide thousands of face masks to health workers in Aberdeen.
Wood wins Sasol framework deal
Sasol has appointed Wood to act as engineering partner under a five-year partnership framework agreement, with a focus on operations across South Africa.
North Sea firms see shares slide as FTSE 100 closes deeply in the red
Oil majors BP and Shell were among the fallers as the FTSE 100 Index slid by 171.80 points, or nearly 3%, to 5,641.03 yesterday.
Wood to make almost 70 staff reductions across UK onshore business
Aberdeen-headquartered energy services firm Wood has confirmed that it plans to make almost 70 staff redundant across its UK onshore business.
Wood, Lundin and Carbon Tracker on road to net-zero
In the age of the Great Energy Transition, oil and gas companies face a dual challenge; to reduce operational emissions whilst keeping up with growing energy demand they will need to increase both asset performance and lifetime. With increasing numbers of incumbent O&G players making net-zero commitments, the sector will increasingly be judged both by their cost per barrel / cubic feet AND their carbon footprint per barrel.
Wood picks up US onshore wind work worth £80m
An Aberdeen-headquartered global engineering firm has announced the addition of £80 million ($100m) worth of contracts from the US onshore wind market.
Kellas defeats £37m legal challenge on major North Sea pipeline system
An Aberdeen-headquartered company has successfully dismissed a £37m legal challenge around a major North Sea pipeline system.
Wood says ‘employee reductions are being made’ in response to coronavirus
Aberdeen-headquartered energy services firm Wood has said “employee reductions are being made” in order to tackle the effect of the coronavirus outbreak.
Call to action over ‘shocking’ lack of women applying to Aberdeen’s oil and gas uni courses
A call to action been made after new figures revealed a “shocking” lack of women applying to oil and gas and energy-related university courses in Aberdeen.
Wood boss in bullish mood despite global financial market woes
Wood chief executive Robin Watson was in bullish mood about future prospects for the global engineering and consultancy company after a sharp increase in profits.
Profit jump comes alongside revenue drop for Wood in 2019
Aberdeen-headquartered energy services firm Wood has reported a profit jump in its full year results for 2019.
Wood closes deal to sell off nuclear business in multi-million agreement
Global engineering and consulting firm Wood has announced it has closed a deal to sell off its nuclear business to Dallas-headquartered company Jacobs.
Competition authorities clear Wood’s £250million sale of nuclear business
UK competition authorities have approved Wood’s £250m sale of its nuclear business.
Making diversity and inclusion part of ‘what we do’
A new task group set up to champion diversity and inclusion in the UK oil and gas industry will have achieved success when D&I is “no longer talked of as an initiative”, and is firmly ingrained in the sector, its chairman said.
Acquisitions and improving market boost half-year results at Worley
Improved market conditions and a major acquisition have boosted Australian energy service firm Worley’s half-year results.
Subsea Expo: Aberdeen showcase celebrates record attendance
Subsea Expo has celebrated its largest attendance on record after wrapping up the three-day event in Aberdeen.
North Sea firms must dig deep to find diverse workforce, Shell top manager warns
North Sea firms must dig deeper into the talent pool to find “unicorns” within the workforce, a Shell plant boss warned yesterday.