Wood extends lender engagement amid takeover attempt, investigation
Wood is in a holding position as trading in shares are suspended amid its takeover bid from Sidara.
Wood is in a holding position as trading in shares are suspended amid its takeover bid from Sidara.
Negotiations will go on until 28 July - when they will either conclude, or get extended again.
The UK finance regulator will investigate the Aberdeen services giant.
New appointments at Wood, Iberdrola and COWI - find out who made the biggest Power Moves this week.
The firm's annual general meeting in Aberdeen also saw updates over a potential takeover deal and delayed annual accounts.
The five-year contract covers Brunei Shell Petroleum's onshore and offshore assets.
The end of the saga hasn't been decided yet, but how did it start?
The deadline to land a deal has been extended a number of times since the £240 million bid was tabled in April.
Wood and Petrofac have won major contracts on Adnoc Gas’ new Rich gas development project in the United Arab Emirates.
Investment in skills and the energy transition workforce emerged as a key talking point at the Energy Exports Conference.
Wood will add 60 new employees to its teams in Iraq and the UAE to support the delivery of these projects.
Once finished, the plant will be one of the largest methanol plants in the world.
Aberdeen-based Wood has secured A$3 billion (£1.4bn) of contract awards across Asia Pacific in the past 12 months, making for a record-breaking year for the company in the region.
Seven years ago, the Aberdeen-headquartered firm was worth more than £5 billion.
Steph Crawford has been appointed as vice-president of marketing, communications and operations at Aberdeen’s Wood.
Aberdeen-based engineering firm Wood has extended the Sidara takeover deadline as its acquisition saga continues.
The engineering group, which has seen its shares suspended, is also the subject of a takeover offer.
Aberdeen-headquartered oilfield services firm Wood is facing a temporary suspension from the London stock market after missing a deadline to publish its 2024 financial results.
Aberdeen-based Wood has received a multi-million dollar FEED contract from Belgian group Vioneo to deliver the design for a plant to create fossil-free plastics from green methanol.
Aberdeen-based Wood Group has agreed to sell its US civil construction services business Kelchner Inc to Strength Capital Partners (SCP), a private equity group.
Aberdeen's Wood Group has secured two engineering and procurement contracts worth $11 million (£8.3m) from a TotalEnergies subsidiary relating to an Iraq gas project.
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Downfall is result of 'very poor judgement' at the highest levels, according to former head of Wood group's engineering division, Mike Straughen.
A £240 million bid to buy Aberdeen's Wood Group has been extended as a deadline was due to be reached Thursday.
Aberdeen-headquartered Wood has confirmed it has received a non-binding takeover bid from Dubai-based rival Sidara.