Aberdeen’s Wood ready to recommend non-binding takeover offer from Sidara to shareholders
Aberdeen-headquartered Wood has confirmed it has received a non-binding takeover bid from Dubai-based rival Sidara.
Wood
Wood lands Omani engineering services contract
Aberdeen-based oil services group Wood will provide front-end engineering design (FEED) services to Oman’s biggest oil producer, Petroleum Development Oman (PDO).
Offshore service leaders seek leverage after a lost decade
Global services firms have been caught in a storm. Engineering, procurement and construction (EPC) focused companies have been squeezed by tough contract terms, battered by inflation and haunted by legacy commitments.
Wood appoints interim CFO after CV mishap
Aberdeen services firm in turmoil, Wood, has appointed Iain Torrens as interim chief financial officer following a quick exit from former CFO Arvind Balan.
Wood re-enters takeover talks with Dubai firm Sidara
Aberdeen-headquartered Wood (LON:WG) has confirmed it has received a fresh approach from rival firm Sidara regarding a possible takeover bid.
Shell extends £120m EPC contract with Wood
Aberdeen-headquartered Wood Group (LON: WG) has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the UK.
Wood CFO resigns over incorrect credentials
Aberdeen-headquartered Wood Group (LON:WG) has announced that its chief financial officer (CFO) Arvind Balan has resigned from his position with immediate effect.
Wood wins Dutch hydrogen FEED contract
Wood (LON:WG) has received a front-end engineering design (FEED) scope from Vattenfall and Copenhagen Infrastructure Partners (CIP) for the Zeevonk hydrogen facility in Rotterdam, the Netherlands.
Wood CEO ‘disappointed’ in company finances
Wood (LON:WG) chief executive Ken Gilmartin has made a "difficult announcement" to shareholders as the firm published its latest trading update.
Wood scores Romanian sustainable fuel refinery upgrade work
Wood Group has been awarded a contract by Romania’s OMV Petrom to help upgrade one of its refineries to produce sustainable aviation fuel (SAF).
Wood wins contract on Irish Sea hydrogen storage project
Aberdeen headquartered service company Wood (LON:WG) has picked up a contract with EnergyPathways (LON:EPP) for engineering work on its Marram Energy Storage Hub (MESH) project.
Wood reports ‘mixed quarter’ as business areas underperform
Aberdeen-headquartered Wood (LON: WG) has reported a "mixed quarter" as areas of the business delivered a "disappointing" period, CEO Ken Gilmartin shared.
Wood expects to make $165m after signing deals to sell non-core businesses
Wood Group (LON: WG) expects to make around $165m after signing separate sales agreements to sell two of its non-core businesses.
Wood completes assessment of three Norwegian CCS projects
Aberdeen-based Wood (LON: WG) has successfully assessed the technical feasibility of three carbon capture and storage (CCS) projects on the Norwegian Continental Shelf.
EVOL: Wooing Wood, making bank and CCS support
Wood had a rough landing this week, but the big boss reassured Erikka that things are on the turn. A number of suitors have come calling but failed to close, in testament to the company’s attractiveness Ken Gilmartin said.
Supply chain champion calls for £150m investment pot as Wood boss takes over
As Sian Lloyd Rees's time as the UK’s supply chain champion comes to an end, she recommends that the government sets up a £150 million funding pot.
Wood and BP form alliance as work kicks off in the North Sea
UK supermajor BP (LON: BP) and Aberdeen headquartered engineering firm Wood (LON: WG) have formed a strategic alliance for work on global assets.
Shell hands Wood pre-FEED work on Middle East hydrogen project
Wood (LON: WG) has been awarded pre-front-end engineering and design (pre-FEED) work on Oman's Blue Horizons hydrogen project by the UK supermajor Shell (LON: SHEL).
Sidara steps away from takeover as Wood shares collapse
Wood's share prices have dropped by almost 40% since Sidara announced it was stepping away from its takeover bid.
Wood pushes back Sidara takeover bid deadline again
Wood (LON:WG) has pushed back the "put up or shut up" date for Sidara's takeover bid by a week as discussions "remain ongoing."
EVOL: Wood on the move, electoral turmoil and volcano drilling
Wood is considering another offer for the company, from the Middle Eastern Sidara. Such a sale would likely help Wood access new international markets, but the loss of a FTSE250 company based in Aberdeen will be lamented. Given the challenges of the North Sea, is such a move inevitable?
Aberdeen’s Wood Group rejects third Sidara takeover bid
Aberdeen-headquartered engineering services firm Wood Group (LON:WG) has rejected a third improved takeover bid from Dubai-based Sidara.
40 jobs created as Wood lands deal to decarbonise TotalEnergies’ Elgin-Franklin
Wood (LON: WG) has landed work to decarbonise oil major TotalEnergies’ Elgin-Franklin platform in the North Sea, creating 40 jobs.
Wood appoints chief strategy officer
Aberdeen-based Wood (LON:WG) has appointed Jennifer Richmond to the newly created role of chief strategy officer (CSO).
Wood Group faces call from Sparta Capital to explore sale or US listing
Call from Sparta Capital Management comes a year after collapse of £1.7bn Wood takeover bid from private equity giant Apollo.