Search results for: wood-group

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  • 22 August 2017

    Aberdeen-based LNG engineer Wood Group reported a plunge in profit for the first six months as challenging conditions continue in the North Sea market. 

  • 27 April 2017
    Business & Finance

    UK-based energy services company Wood Group has made two changes to its executive leadership team. Wood Group said on Wednesday that Andrew Stewart was appointed the chief executive officer (CEO) of the Asset Life Cycle Solutions (ALCS) business in the Western region while Michele McNichol was named as executive president of integration, both effective immediately. […]

  • 15 April 2016
    Business & Finance

    Aberdeen-based oil and gas services company Wood Group will have a new non-executive director as of May 12, 2016. Apart from joining the company as a non-executive director, Wood Group said that Richard Howson would also join the board’s nomination and safety, assurance & business ethics committees. Howson has been chief executive of Carillion, a management and construction services company, […]

  • 5 April 2017

    Oil services company Wood Group expects for its cost savings stemming from a deal to acquire its compatriot rival Amec Foster Wheeler to be 36 percent higher than previously estimated. UK’s Wood Group made the offer to buy Amec Foster Wheeler for approximately £2.225 billion ($2.768 billion at current exchange rate) in mid-March. The oil services company said on Wednesday that, […]

  • 1 December 2016
    Business & Finance

    Oil and gas services company Wood Group has appointed a new non-executive director to the company’s board of directors. The company said on Thursday that Jacqui Ferguson joined Wood Group as a non-executive director and would also join the board’s Nomination and Audit Committees. Ferguson is currently SVP & GM of Hewlett-Packard UKI & MEMA, […]

  • 5 March 2013
    Business & Finance, Operations & Maintenance

    John Wood Group PLC (“Wood Group” or the “Group”) is an international energy services company employing around 43,000 people worldwide and operating in 50 countries. The Group has three businesses – Wood Group Engineering, Wood Group PSN and Wood Group GTS – providing a range of engineering, production support, maintenance management and industrial gas turbine […]

  • 23 February 2016

    Wood Group, a multinational oil and gas services company headquartered in Aberdeen, has seen a significant drop in profit in 2015 when compared to the one made in 2014, and has proposed a dividend increase.  In its full year 2015 results report on Tuesday, Wood Group reported a profit of $90.1 million in 2015, as […]

  • 16 February 2017
    Business & Finance

    Oil and gas services firm Wood Group has appointed a former Amec Foster Wheeler man as the president of its European Asset Life Cycle Solutions business. Wood Group said on Thursday that Alan Johnstone joined the company from the position of Amec’s managing director for upstream asset solutions. He brings almost three decades of North Sea, Southern […]

  • 7 March 2016
    Business & Finance

    Wood Group has announced that David Woodward intends to retire and step down from his current roles as senior independent non-executive director and Chair of the Remuneration Committee at the company’s annual general meeting in May 2016. According to the company, after serving on the board for nine years, Woodward will not offer himself for […]

  • 21 February 2017
    Business & Finance

    Oilfield services giant Wood Group remains cautious on the near-term outlook for the oil and gas market despite some signs of recovery. The company on Tuesday posted a profit of $34.4 million for 2016, a 62 percent drop from a profit of $90 million in 2015. Revenue fell 15.7 percent to $4.9 billion, down from […]

  • 19 January 2016
    Project & Tenders, Vessels

    Wood Group informed on Tuesday it has won a three-year contract with Shell’s Prelude floating LNG project.

  • 30 June 2015

    Wood Group said it has acquired Beta Machinery Analysis, a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million.

  • 6 October 2015
    Business & Finance

    Wood Group, an international energy services company, has announced the appointment of Robin Watson as chief executive officer (CEO), effective January 1, 2016. Watson succeeds Bob Keiller who has decided to retire from Wood Group on December 31, 2015. Watson has served on the Board since 2013, initially as CEO of Wood Group PSN and, since […]

  • 18 February 2014
    Business & Finance

    Wood Group, an international energy services company, comprised of Wood Group Engineering, Wood Group PSN and Wood Group GTS, reports good growth with EBITA up 16%. Wood Group announced financial growth and progress in all sectors. Total Revenue of USD 7.064,2 million is up 3%, compared to 2012. Total EBITA of  USD 533 million is up 16%, and […]

  • 30 November 2011
    Business & Finance

    Wood Group Kianda, a joint venture between Amílcar Nascimento, Wood Group’s Angolan business partner, and Wood Group will officially be launched in Luanda, Angola today. Sister Wood Group companies, Wood Group Mustang, Wood Group Kenny and Wood Group PSN will provide their services through the joint venture. The launch coincides with the announcement that Wood […]

  • 30 June 2015
    Business & Finance

    Wood Group has acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at $14.3 million. According to Wood Group, BETA’s expertise in advanced vibration, pulsation stress and dynamic analysis of piping systems and machinery during the design and production phases are key elements in integrity management […]

  • 1 July 2010

    Wood Group, the international energy services company, issues the following pre-close trading update for the six months to 30 June 2010. Overall performance for the Group for the year to date is in line with expectations. Engineering has performed as expected and bidding volumes have improved, giving increased confidence in a return to growth in […]

  • 10 November 2015
    Business & Finance

    Wood Group Mustang has promoted Kent McAllister to the position of president, Offshore Business Unit. He was previously executive vice president for the business unit. According to Wood Group’s press release on Tuesday, McAllister has nearly 30 years of engineering experience, with more than 20 years of service in the oil & gas industry. His executive […]

  • 17 February 2015

    Wood Group posted a revenue of $7,616.4m in 2014, up 7.8% compared to the year before. The company’s EBITA was at $549.6m, a rise of 3.1% as compared to 2013. Performance was  in line with Wood Group’s expectations, led by strong growth in Wood Group PSN Production Services, the company said in a statement on […]

  • 24 May 2016
    Business & Finance

    Wood Group has been awarded an evergreen master services agreement (MSA) by Norwegian oil company Statoil to support the life cycles of its offshore and onshore facilities. Work and services covered by the MSA include engineering studies, detailed engineering, procurement services and management assistance services, Wood Group said on Tuesday. “This MSA reflects Wood Group’s […]

  • 19 May 2017
    Business & Finance

    Industrial training specialist AIS Training has secured a three-year contract with Wood Group to manage and deliver the company’s UK training. AIS said that the company would provide Wood Group with over 800 industry-accredited technical and safety-critical skills courses. The training specialist will also supply a competency management system, as well as associated management services […]

  • 30 June 2015

    Wood Group said it has acquired Beta Machinery Analysis, a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million.