UK shares drop after Trump announces tariff escalation
UK shares fell Monday, after U.S. president Donald Trump said that his tariffs will cover all countries. This intensified a global trade conflict. The blue-chip FTSE 100 fell 1% as of 1011 GMT…
Wood Group UK flags problems within its Projects Unit, Shares Slump
Wood Group, a British engineering and oilfield services company, said that it has identified "material failures and weaknesses" in its financial cultures within its Projects…
Wood Group extends deadline for deal negotiations with Dubai's Sidara. FT reports
The Financial Times reported that the British oilfield engineering and services firm Wood Group agreed to extend its deadline for talking with Dubai's Sidara about a potential…
UK stock prices fall on uncertainty over tariffs; Heathrow power failure disrupts airlines
British stocks ended lower on Friday due to continued concerns about the impact of U.S. Tariff policy. Meanwhile, a Heathrow Airport shutdown impacted travel stocks. The blue-chip FTSE 100 index fell 0.6%.
Wood Group, UK's Wood Group, re-enters into takeover negotiations with Dubai's Sidara
Wood Group, a British company, said Monday that it had received a new approach from Sidara regarding a potential takeover offer. The Dubai-based group previously failed to purchase…
Wood Group shares in the UK fall 30% after a negative cash flow forecast
John Wood Group shares fell 30% in the early trading of Friday, after the British engineering company announced that its free cash flow will be negative instead of positive…
Wood Group UK posts higher first-half profits on improved pricing
Wood Group, a British oilfield engineering and services company, posted an 8.5% increase in its core earnings for the first half of this year. This was aided by better pricing.
Wood Group Sees Higher Annual Earnings
Oilfield services provider John Wood Group Plc expects higher core earnings in 2019, with strong performance in its engineering services unit in the Middle East, Asia and the Caspian region offseting slowing U.S.
Wood Group Says US Shale Only Opportunity for Price Increases
Wood Group sees an opportunity for price increases only in its U.S. shale oil business, which it sees around six to 12 months ahead of other sectors in oil and gas, it said…
Wood Group Wins Ichthys Subsea Deal
Wood Group has secured a new, five-year contract with INPEX Operations Australia Pty Ltd (INPEX Australia) to provide subsea engineering services for the integrity of the INPEX-operated Ichthys LNG Project…
UK: Wood Group Takeover of Amec Could Hurt Competition
Britain's market regulator said a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition. Wood Group in March agreed to buy Amec Foster…
Pemex Delves Deep into UK Subsea Sector
Senior figures from Mexico’s national oil company, Pemex, have been discovering the secrets of the UK subsea sector’s success and how it has revolutionized the way in which…
Company to Pay $9.5 Mln for Actions Leading to US Gulf Explosion
Wood Group PSN Inc., a Nevada corporation headquartered in Houston, was ordered to pay $9.5 million in two separate cases involving its conduct in the Gulf of Mexico. Specifically…
Bourbon wins Pipelay EPCI Contract for Hylia Project
Bourbon announced its first pipelay contract awarded by Total Gabon for the engineering, procurement, construction and installation of 25 km of 6” rigid pipeline as part of…
Wood Group Bags Hess Contract in Malaysia
Wood Group has been awarded a five year contract with Hess Exploration & Production Malaysia. The operations and maintenance contract is to support Hess' new-build fixed and…
Mech-Tool Engineering Secures $45.6 m Contract
Mech-Tool Engineering Ltd – which has offices in the UK, Houston and the Middle East as well as manufacturing facilities in Korea – has been appointed by Wood Group, to provide…
Wood Group Sees Modest U.S. Shale Recovery
Oilfield services company 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…
EnerMech Secures Subsea 7 Australia Contract
EnerMech has been awarded its first contract by Subsea 7 in the Australian oil and gas market. The mechanical engineering group will perform a range of subsea flowline and umbilical…
Standard Well Pad Design saves Suncor 50% of Well pad Costs
Wood Group received the first project work authorization under a recently signed multiuse agreement with Suncor Energy, for work to be completed at its Firebag in-situ site in Alberta…
Wood Group Bags Hibernia Deal
Wood Group has secured a five year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from…
