Dozens of North Sea oil and gas workers have ceased a long-running union dispute after securing a pay rise of up to £9,000 each.
As domestic energy security hits the headlines again following the recent licensing announcement from the UK Government, Ellis Renforth, President of Operations for Europe, Middle East & Africa at Wood, explains the need for a more balanced outlook.
The partnership will involve employment for “hundreds of people” at Wood’s business in Aberdeen and offshore. The company said it expected to hire more people in 2024 for the work.
Chief executive of Wood (LON:WG), Ken Gilmartin, says that his firm's growth in carbon capture comes from picking work that allows its “subject matter experts shine.”
A panel event on Intersectionality of Issues is to be held on 22nd August led by AXIS Network and AFBE Scotland UK.
Woodside also awarded Wood front-end engineering and design (FEED) work for the Goodwyn Alpha Low-Low Pressure project, off Western Australia.
Aberdeen-based engineering firm, Wood (LON:WG), is working with National Gas to “transform” the entire grid network in the UK with “modern, cyber-secure technology.”
The UK offshore services sector (OFS) has had a rough time over recent years, given the COVID-19 pandemic, declining oil and gas activity, political uncertainty and limits on the pace of the energy transition.
Wood has confirmed the award of a multi-year enterprise framework agreement to continue providing services for Shell's global projects.
Wood (LON: WG) has announced that it has secured contracts with Beach Energy and Mitsui E&P Australia (MEPAU) to reduce emissions down under.
As for the takeover bids by Apollo Global Management, Ken Gilmartin said questions about “what happened or what didn’t happen are probably better addressed by Apollo”.
Offshore workers have voted to end their industrial action after reaching a deal with Wood which reinstates a 10% cut made to their salaries in 2015.
Extinction Rebellion activists have been targeting the offices of Wood Plc (LON: WG), formerly known as Wood Group, in Aberdeen and Staines.
Wood (LON: WG) has been awarded a contract extension worth $250m with Brunei Shell Petroleum.
Mental health initiatives and support are often introduced reactively when there is already a problem.
A triumvirate of energy firms have teamed up to advance the rollout of low-carbon hydrogen production and storage in the east of England.
Wood’s teams have completed CCS studies for more than half of the 300 carbon-capture facilities being planned worldwide.
Wood (LON: WG) has expanded its hydrocarbons business while reducing its work in renewables following a £430m government-backed “green transition loan”.
There is a “groundswell” of energy industry opinion that the UK is going to miss its net zero emissions targets.
An analyst has given his verdict on items which may have cut Apollo’s appetite in taking over Aberdeen engineering group Wood (LON: WG) - namely growth market exposure.
Wood (LON: WG) is working with gas distribution company SGN to accelerate the rollout of hydrogen transmission infrastructure in the UK.
Shares in Wood are down 34% on the news that Apollo will no longer be pursuing the Aberdeen engineering giant.
Ahead of its annual general meeting, Wood said that despite an “uncertain economic outlook, our expectations for 2023 remain unchanged."
Ken Gilmartin, chief executive of Wood (LON: WG), has been confirmed for the opening of the Energy Exports Conference in Aberdeen.
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.