Wood plc Company News

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Wood Study Explores Modular Options for Hammerfest LNG
Wednesday, August 29, 2018 Hammerfest LNG can produce 4.3 million tons per annum of LNG sourced from the 'Snow White' field in the Barents Sea.

OTC 2018: Wood Sees Its Digital Business Expanding in Future
Tuesday, May 01, 2018 Kieran Kavanagh, vice president of digital solutions at Wood, sees the company's digital business 'expanding' in the future.

Wood to Design Pioneering LNG Platform
Tuesday, October 17, 2017 Offshore facility to liquefy, store gas from Texas' Permian Basin.

Wood Group Wins Total Refinery Maintenance Contract
Wednesday, October 11, 2017 John Wood Group says it won a multi-million dollar contract from Total.

Ichthys LNG Subsea Contract Goes to Wood Group
Wednesday, September 06, 2017 INPEX Operations Australia has awarded Wood Group a 5-year contract to provide subsea engineering services for the integrity of the Ichthys LNG Project.

UK Regulator: Wood Group Takeover Of Amec Could Hurt Competition
Wednesday, August 02, 2017 Britain's market regulator says a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition.

British Oil Probe Shows Value of Reading the Small Print: Gadfly
Wednesday, July 12, 2017 The risk of a probe has loomed over the transaction, unveiled in March, for months.

UK SFO Opens Bribery Investigation Into Amec Foster Wheeler
Tuesday, July 11, 2017 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.

Takeover Target Amec to Retain European Nuclear Business
Thursday, June 29, 2017 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.

Wood Group Engineers Carry out ‘Extremely Valuable’ Work for NSRI
Tuesday, May 09, 2017 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.

Unite Repeats Calls for Job Transparency in Wood Group, Amec Deal
Thursday, April 06, 2017 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.

Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
Tuesday, March 21, 2017 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.

Unite Demands Full Disclosure from Wood Group, Amec on Employment Plans
Tuesday, March 14, 2017 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.

Wood Group Wins Mad Dog 2 Contracts
Tuesday, March 14, 2017 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.

Wood Group Buys Amec Foster For $2.7B To Target Oil Upturn Benefits
Monday, March 13, 2017 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.

Wood Group Cuts Workforce by 36% in 2-Year Period
Tuesday, February 21, 2017 John Wood Group cuts its workforce by 36% over a 2-year period, the oilfield services company reveals.

Report: Oil, Gas Companies in Aberdeen Face Tax 'Bombshell'
Monday, December 19, 2016 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.

Wood Group Shows Recovery In US Shale On Rising Oil Prices
Wednesday, December 14, 2016 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.

Wood Group, Heerema Fabrication Group Team-Up on NCS
Tuesday, December 06, 2016 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.

Poll: US, Foreign Oil Companies to Prosper in Trump's USA
Thursday, November 10, 2016 Both US and foreign oil companies will thrive in Trump's USA, according to a Rigzone poll on social media platform Twitter.

European Industry Says Trump Must Define Energy Policy
Wednesday, November 09, 2016 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.

Wood Group Receives Authorization to Start Well Pad Work at Firebag Site
Tuesday, October 11, 2016 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.

Striking Wood Group Employees in North Sea Reach Deal
Thursday, September 22, 2016 Striking Wood Group employees have reached a deal with the company following a revised proposal from the oil services group, Wood Group confirmed Thursday.

GUJV Completes EPM Services on Australia's Gorgon Project
Thursday, September 08, 2016 The Gorgon Upstream Joint Venture (GUJV) completes 11 years of engineering and project management (EPM) services on Australia's Gorgon Project.

Wood Group Holds Constructive Talks with Unions
Friday, August 19, 2016 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.

Wood Group Secures Tengiz Services Contract
Tuesday, August 16, 2016 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.

Weak Oil Prices Hurt Wood Group's First-Half Core Earnings
Tuesday, August 16, 2016 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.

Industrial Action is Not the Answer to North Sea Crisis
Monday, August 15, 2016 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.

Unions Suspend Strike Action in North Sea
Friday, August 12, 2016 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.

More North Sea Strikes to be Held in August
Tuesday, August 09, 2016 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.

RMT, Unite Begin 48-Hour Strike on North Sea Shell Platforms
Thursday, August 04, 2016 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.

Union Calls Thursday Strike Action In Shell North Sea Dispute
Wednesday, August 03, 2016 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.

Shell: No Production Impact from North Sea Strikes Set for Tuesday
Monday, July 25, 2016 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.

Wood Group Secures Apache North Sea Services Contract Extension
Wednesday, July 13, 2016 Wood Group secures an extension to its master service agreement contract with Apache Corporation in the North Sea.

Repsol Sinopec Awards Major North Sea Services Contracts
Monday, July 11, 2016 Repsol Sinopec Resources UK approves the award of major new services contracts in the North Sea.

Wood Group Secures Services Contract for Peregrino Field
Tuesday, June 28, 2016 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.

Wood Group Acquires Part of Enterprise Engineering Services' Business
Friday, June 17, 2016 Wood Group has acquired the trade and assets of Enterprise Engineering Service Limited's Aberdeen-based fabrication and manufacturing business.

Unite to Ballot Over 200 North Sea Workers for Strike Action
Wednesday, June 08, 2016 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.

Wood Group Appoints New Chief Procurement Officer
Tuesday, May 17, 2016 Oilfield services firm Wood Group appoints Raymond Schlaff as its new chief procurement officer.

Oilfield Services Provider Wood Group Forecasts Lower FY Earnings
Wednesday, May 11, 2016 Oilfield services provider John Wood Group Plc warns that full-year core earnings will be about 20% lower than the last year, as it sees further margin pressure due to lower activity by customers.

Wood Group Secures 5-Year Services Deal With BP Offshore Azerbaijan
Thursday, April 28, 2016 Wood Group secures a new 5 year contract with BP-operated projects, valued at $500 million, to deliver engineering, procurement and construction management services to 8 facilities, offshore Azerbaijan.

Wood Group Secures Statoil Services Contracts across NCS
Monday, April 25, 2016 Wood Group wins 4 subsea contracts with Statoil on the Norwegian Continental Shelf, with the latest award comprising a study to deliver subsea field concept engineering for the Snorre expansion project.

Wood Group Secures 5 Year North Sea Services Deal with Nexen
Thursday, April 21, 2016 Wood Group secures a 5 year contract by Nexen, valued at $150 million, to deliver operations, maintenance and technical support across the company's North Sea offshore assets.

Wood Group Acquires Ingenious Inc
Friday, April 08, 2016 John Wood Group plc acquires Ingenious Inc., an engineering software and consulting services company that serves the oil and gas industry.

Wood Group Acquires Australia's SVT Engineering Consultants
Wednesday, April 06, 2016 Wood Group acquires Australia-based SVT Engineering Consultants.

Wood Group, Aker, DNV GL, Bibby Secure North Sea Work
Monday, April 04, 2016 John Wood Group plc, Aker Solutions, DNV GL and Bibby Offshore secure services contracts for oil and gas related work in the North Sea.

Wood Group Continues Consolidation Process
Monday, February 29, 2016 Wood Group starts transferring employees to its new Aberdeen office, located within the CityPark development, as part of the company's strategy to consolidate its properties into three hubs.

Wood Group Hikes Dividend as Cost-Cutting Helps Company Survive Oil Slump
Tuesday, February 23, 2016 Oilfield services provider John Wood Group says aggressive cost-cutting actions are helping it conserve cash.

Wood Group PSN to Reduce UK Contractor Pay by 9%
Friday, February 19, 2016 Wood Group PSN (WGPSN) plans to reduce the pay of around a third of its UK contractor workforce by an average of nine percent.

European Services Companies Secure Offshore Engineering Contracts
Tuesday, February 09, 2016 France's Technip and Scotland-headquartered Wood Group PSN secure offshore engineering contracts in the Gulf of Mexico and North Sea, respectively.