Wood predicts 30% drop in earnings for 2022 results
Wood (LON: WOOD) has forecast a drop in earnings and revenues for its 2022 results, down from the previous two years.
Wood
Wood boss ready to build business on strong Aberdeen foundations
Aberdeen company Wood has unveiled a strategy “refresh” and boss Ken Gilmartin says the Granite City and wider north-east will be at the heart of it.
Wood decommissioning boss ‘rarely’ sees local content in UK tenders
The decommissioning boss at Wood said she “rarely” sees local content requirements for UK projects, despite an impending industry target on the issue.
Centrica selects Aberdeen’s Wood to service Rough gas storage site
Wood (LON: WG) has been picked to carry out project management work on the UK’s biggest - and recently reopened - gas storage site.
Wood settles Amec Foster Wheeler lawsuit for $115m
Aberdeen-headquartered Wood (LON: WG) has settled a legacy lawsuit against one of its subsidiaries in a $115m payout.
Wood bags FEED work for Norwegian green hydrogen plant
Wood (LON:WG) has secured an award for front-end engineering design (FEED) for a new green hydrogen production facility in Mosjøen in northern Norway.
Middle East’s approach a “lesson” for the world, Wood CEO says
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
Wood bags $350m contract to service BP assets
Aberdeen-headquartered Wood (LON: WG) has won a multi-region engineering services contract by support BP (LON: BP).
‘New chapter’ for Wood as sale of built environment business completes for $1.9bn
Aberdeen-headquartered Wood (LON: WG) has completed the sale of its built environment consulting business to WSP Global.
North Sea wildcat strikes rumoured for next week, OEUK calls for calm
North Sea oil and gas workers could be poised to stage a second series of wildcat strikes in less than a year.
Aberdeen’s Wood hails $230m business on other side of the North Sea
Aberdeen-headquartered Wood has hailed its $230 million business on the other side of the North Sea.
Wood lands deal on 100 million-barrel Halten East development
Aberdeen-headquartered energy services giant Wood (LON: WG) has landed a design deal on the 100 million-barrel Halten East development.
Cash flow is ‘top priority’ for new Wood CEO amid steep drop
The new boss at Aberdeen-headquartered energy services giant Wood (LON: WG) has said cash generation is a "top priority" after it plunged by nearly a third.
Wood secures $100m+ contract for INEOS olefins plant
Aberdeen-headquartered Wood (LON:WG) has secured a contract from Ineos worth in excess of $100 million (£83m) to build “Europe’s most innovative” olefins complex in Belgium.
Wood to deliver design services for Salamander wind project off Peterhead
Wood (LON: WG) has been awarded the principal design and pre-FEED scope for Salamander, the 100MW floating windfarm to be built off Peterhead.
Brian Wilson: Western Isles’ power generation hopes hit once again
Last month, when the much anticipated announcement was made of winners and losers under the Contracts for Difference scheme, it seemed the 20 year struggle for the Western Isles to be connected for generation purposes to the National Grid had finally prevailed.
Wood promotes Craig Shanaghey to executive president of operations
Wood (LON: WG) has promoted rising star Craig Shanaghey to its top leadership team as executive president of its operations business.
Wood points to ‘positive momentum’ in half-year update
Wood has reported a strong half-year performance in 2022 in the wake of the sale of its built environment business.
Wood to oversee first phase of Northern Endeavour decom work
The Australian Government has awarded Wood the role of Owner’s Team, which will see it assume responsibility for the first phase of decommissioning at the Northern Endeavour vessel.
Interview: New CEO at Wood Ken Gilmartin feels like he’s ‘coming home’
Irish businessman Ken Gilmartin flew into Aberdeen to start house-hunting this week after being unveiled as the next CEO of Wood (LON: WG).
New CEO appointed at Aberdeen engineering giant Wood
Wood plc (LON: WG) has appointed a new CEO to replace the outgoing Robin Watson.
Wood appoints new executive president for consulting business
Engineering giant Wood (LON: WG) has announced the appointment of a new executive president of its consulting business.
Wood signs 10-year global master services deal with Chevron
Wood has signed a global master services deal with US oil giant Chevron.
Queen’s Birthday Honours: Oil and gas veteran Dave Stewart awarded MBE
Well known oil and gas industry veteran Dave Stewart was enjoying a holiday in Portugal when he received a call to tell him he had been awarded an MBE.
Wood signs $1.9 billion sale of Built Environment business to WSP
Aberdeen-headquartered energy services giant Wood has signed a deal to sell its 7,000-employee built environment business to WSP Global.