Wood plc Company News

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Wood Renews Offshore Canada Platform Partnership
The Hibernia platform offshore Newfoundland and Labrador achieved first oil in 1997. PHOTO SOURCE: Wood
8:00 PM EST | June 10, 2021
BHP Awards Semisub FPU Contract
McDermott will perform the pre-FEED extension phase for a semisub FPU for BHP.
7:00 PM EST | December 10, 2020
Wood Snags $42MM Onshore Norway Contract
Wood executed the front-end engineering design phase last year. PHOTO SOURCE: Øyvind Sætre/Gassco
8:00 PM EST | September 17, 2020
Wood Wins US Navy Fuel Systems Contract
The US Naval Facilities Engineering Command has awarded Wood a framework contract to maintain, restore and modernize its petroleum, oil and lubricants installations worldwide.
8:00 PM EST | June 09, 2020
Wood Makes Exclusive Tech Deal with Shell
The deal applies to a slug suppression device for pipeline-riser systems.
8:00 PM EST | March 11, 2020
Chevron Anchor Design Contract Goes to Wood
Above is a 3D model illustration of Chevron's Anchor semi-FPU. IMAGE SOURCE: Wood plc
7:00 PM EST | February 27, 2020
Wood Forms New Business Unit
Wood has placed its specialist advisory and consulting capabilities spanning various sectors under one umbrella.
7:00 PM EST | November 05, 2019
Apache Commissioning Contract Goes to Wood
Apache Corp. has awarded Wood a commissioning services contract for multiple U.K. North Sea platforms.
8:00 PM EST | October 24, 2019
Wood Taps Schlumberger Exec for Americas CEO Role
Stephanie Cox will succeed Andrew Stewart, who is moving into another executive role in Australia.
8:00 PM EST | October 15, 2019
Ineos Awards Wood Contract for Belgium Cracker Project
Wood will act as program management partner for the INEOS project.
8:00 PM EST | June 30, 2019
Planning for Pivotal Moments: Operating at the Forefront of Commissioning
Digitizing is repeatedly hailed as the next great step change for many industrial operations.
7:00 PM EST | December 25, 2018
Wood Study Explores Modular Options for Hammerfest LNG
Hammerfest LNG can produce 4.3 million tons per annum of LNG sourced from the 'Snow White' field in the Barents Sea.
8:00 PM EST | August 28, 2018
OTC 2018: Wood Sees Its Digital Business Expanding in Future
Kieran Kavanagh, vice president of digital solutions at Wood, sees the company's digital business 'expanding' in the future.
8:00 PM EST | April 30, 2018
Wood to Design Pioneering LNG Platform
Offshore facility to liquefy, store gas from Texas' Permian Basin.
8:00 PM EST | October 16, 2017
Wood Group Wins Total Refinery Maintenance Contract
John Wood Group says it won a multi-million dollar contract from Total.
8:00 PM EST | October 10, 2017
Ichthys LNG Subsea Contract Goes to Wood Group
INPEX Operations Australia has awarded Wood Group a 5-year contract to provide subsea engineering services for the integrity of the Ichthys LNG Project.
8:00 PM EST | September 05, 2017
UK Regulator: Wood Group Takeover Of Amec Could Hurt Competition
Britain's market regulator says a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition.
8:00 PM EST | August 01, 2017
British Oil Probe Shows Value of Reading the Small Print: Gadfly
The risk of a probe has loomed over the transaction, unveiled in March, for months.
8:00 PM EST | July 11, 2017
UK SFO Opens Bribery Investigation Into Amec Foster Wheeler
UK prosecutors opened an investigation into Amec Foster Wheeler over possible bribery and corruption linked to its use of third parties, though the company reassured shareholders it was "not expected" to affect its $2.2B takeover by Wood Group Plc.
8:00 PM EST | July 10, 2017
Takeover Target Amec to Retain European Nuclear Business
Oil services company Amec Foster Wheeler Plc, which is being bought by peer John Wood Group Plc, said it had decided to retain its European nuclear unit and sell its North American business.
8:00 PM EST | June 28, 2017
Wood Group Engineers Carry out ‘Extremely Valuable’ Work for NSRI
Two engineers from Wood Group have supported the National Subsea Research Initiative (NSRI) in its drive to speed up the development and implementation of near-to-market technologies in the subsea sector.
8:00 PM EST | May 08, 2017
Unite Repeats Calls for Job Transparency in Wood Group, Amec Deal
UK union Unite repeats calls for transparency on jobs following the takeover of oil and gas operator Amec Foster Wheeler plc by Wood Group plc.
8:00 PM EST | April 05, 2017
Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
Wood Group refuses to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insists that its aim is on growing employment in the long term.
8:00 PM EST | March 20, 2017
Unite Demands Full Disclosure from Wood Group, Amec on Employment Plans
The UK's Unite union demands full disclosure from Wood Group and Amec Foster Wheeler on any employment plans that are part of a recently announced takeover.
8:00 PM EST | March 13, 2017
Wood Group Wins Mad Dog 2 Contracts
Wood Group secures 2 separate contracts related to BP plc's Mad Dog 2 project, which will see the company provide engineering services to further develop deepwater production.
8:00 PM EST | March 13, 2017
Wood Group Buys Amec Foster For $2.7B To Target Oil Upturn Benefits
Wood Group has agreed to buy rival Amec Foster Wheeler for $2.7 billion, seeking rewards from the fast-growing U.S. shale energy sector.
8:00 PM EST | March 12, 2017
Wood Group Cuts Workforce by 36% in 2-Year Period
John Wood Group cuts its workforce by 36% over a 2-year period, the oilfield services company reveals.
7:00 PM EST | February 20, 2017
Report: Oil, Gas Companies in Aberdeen Face Tax 'Bombshell'
Oil and gas companies in the North-East risk going bankrupt, or having to make further job cuts, due to a new framework for property rates which will result in a multimillion dollar tax bombshell.
7:00 PM EST | December 18, 2016
Wood Group Shows Recovery In US Shale On Rising Oil Prices
John Wood Group Plc's CFO David Kemp said on Wednesday that the company showed modest recovery in some of its oil and gas markets, including U.S. shale and offshore oil exploration and drilling businesses.
7:00 PM EST | December 13, 2016
Wood Group, Heerema Fabrication Group Team-Up on NCS
Wood Group and Heerema Fabrication Group sign a Memorandum of Understanding to team-up and offer wellhead platform development services to clients on the Norwegian Continental Shelf.
7:00 PM EST | December 05, 2016
Poll: US, Foreign Oil Companies to Prosper in Trump's USA
Both US and foreign oil companies will thrive in Trump's USA, according to a Rigzone poll on social media platform Twitter.
7:00 PM EST | November 09, 2016
European Industry Says Trump Must Define Energy Policy
Europe's oil and gas industry is likely to benefit from Trump in the White House, but calls for a clear energy policy framework from the President Elect.
7:00 PM EST | November 08, 2016
Wood Group Receives Authorization to Start Well Pad Work at Firebag Site
Wood Group receives authorization to conduct cost-saving well pad design work at the Firebag in-situ site in Alberta, Canada, as part of a recently signed agreement with Suncor Energy.
8:00 PM EST | October 10, 2016
Striking Wood Group Employees in North Sea Reach Deal
Striking Wood Group employees have reached a deal with the company following a revised proposal from the oil services group, Wood Group confirmed Thursday.
8:00 PM EST | September 21, 2016
GUJV Completes EPM Services on Australia's Gorgon Project
The Gorgon Upstream Joint Venture (GUJV) completes 11 years of engineering and project management (EPM) services on Australia's Gorgon Project.
8:00 PM EST | September 07, 2016
Wood Group Holds Constructive Talks with Unions
Oilfield services company Wood Group holds constructive talks with the UK Unite and RMT unions, following a dispute over changes to pay and allowances for workers in the North Sea.
8:00 PM EST | August 18, 2016
Wood Group Secures Tengiz Services Contract
Wood Group will provide main automation contractor (MAC) services to Tengizchevroil (TCO) for the Future Growth Project-Wellhead Pressure Management Project at the Tengiz field in Kazakhstan.
8:00 PM EST | August 15, 2016
Weak Oil Prices Hurt Wood Group's First-Half Core Earnings
Oilfield services company John Wood Group Plc reports a 26.3% fall in first-half core earnings, hurt by weak demand from oil and gas producers.
8:00 PM EST | August 15, 2016
Industrial Action is Not the Answer to North Sea Crisis
As strike action rumbles on in the North Sea amid Unite and RMT union members working for Wood Group, Oil & Gas UK condemns the movements as unhelpful.
8:00 PM EST | August 14, 2016
Unions Suspend Strike Action in North Sea
Unite and RMT union members working for Wood Group suspend industrial action in the North Sea to allow for fresh talks with the oilfield services company.
8:00 PM EST | August 11, 2016
More North Sea Strikes to be Held in August
Unite and RMT union members working for Wood Group will stage several more strikes in the North Sea throughout August over a dispute surrounding cuts to pay and allowances.
8:00 PM EST | August 08, 2016
RMT, Unite Begin 48-Hour Strike on North Sea Shell Platforms
UK RMT and Unite union members have begun a 48-hour strike on Shell platforms in the North Sea as disputes between workers and Wood Group rumble on over pay and working conditions.
8:00 PM EST | August 03, 2016
Union Calls Thursday Strike Action In Shell North Sea Dispute
Britain's RMT union says that industrial action over proposed cuts and changes to working conditions for maintenance workers on Shell's North Sea oil and gas platforms would go ahead on Thursday.
8:00 PM EST | August 02, 2016
Shell: No Production Impact from North Sea Strikes Set for Tuesday
A planned walkout by around 400 Wood Group oil and gas maintenance workers employed at Shell's North Sea platforms on Tuesday is not expected to interrupt production from the facilities, operator Shell says.
8:00 PM EST | July 24, 2016
Wood Group Secures Apache North Sea Services Contract Extension
Wood Group secures an extension to its master service agreement contract with Apache Corporation in the North Sea.
8:00 PM EST | July 12, 2016
Repsol Sinopec Awards Major North Sea Services Contracts
Repsol Sinopec Resources UK approves the award of major new services contracts in the North Sea.
8:00 PM EST | July 10, 2016
Wood Group Secures Services Contract for Peregrino Field
Wood Group secures a multimillion dollar contract to provide detailed engineering, design, and procurement services to SAH for the development of the Peregrino field, offshore Brazil.
8:00 PM EST | June 27, 2016
Wood Group Acquires Part of Enterprise Engineering Services' Business
Wood Group has acquired the trade and assets of Enterprise Engineering Service Limited's Aberdeen-based fabrication and manufacturing business.
8:00 PM EST | June 16, 2016
Unite to Ballot Over 200 North Sea Workers for Strike Action
Unite will ballot more than 200 North Sea oil rig workers for strike action in a dispute with Wood Group over a 30% pay cut.
8:00 PM EST | June 07, 2016
Wood Group Appoints New Chief Procurement Officer
Oilfield services firm Wood Group appoints Raymond Schlaff as its new chief procurement officer.
8:00 PM EST | May 16, 2016