Wood Group

Aberdeen-based energy services firm Wood Group has revealed revenue growth and improved cash flow for 2022, alongside a new "Simplification Programme" aimed at driving margin expansion.

Energy industry firm Wood Group has released its full-year trading update for the year ending 31 December 2023, demonstrating robust financial results in line with expectations.

Aberdeen-based energy and engineering services firm Wood Group has reinforced its annual financial projections following a lucrative third quarter, which saw several substantial contract gains.

Aberdeen-headquartered global energy services company Wood Group appointed Arvind Balan as its new chief financial officer and executive director, effective from mid-April 2024. Mr Balan's financial acumen, honed through his recent tenure as CFO of Rolls-Royce’s Civil Aerospace division &ndash

Scottish engineering and consulting services provider Wood Group has secured a c.£260 million ($330m) partnership agreement with Harbour Energy, a UK producer of oil and gas in the North Sea.

Aberdeen-based oil engineering firm Wood Group has raised its full-year revenue and profit forecasts on the back of a series of significant contract wins.

Aberdeen-based energy services operator Wood Group has reported robust trading for H1 with revenues expected at £2.2 billion, a 15% increase compared to the same period the previous year. Adjusted EBITDA is predicted to rise by 6% to approximately £147 million, reflecting favourable perf

Scottish engineering and consulting firm Wood Group has secured a two-year contract extension, worth approximately £197 million ($250 million), with Brunei Shell Petroleum (BSP), the largest energy producer in Brunei.

Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company's share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company's stock market value.

Aberdeen-headquartered Wood Group's board has confirmed it is considering Apollo Global Management's fifth acquisition proposal for 240p per share, which was put forward earlier in the month.

Apollo Global Management has submitted a final acquisition bid for Aberdeen-based energy services provider Wood Group.

The deadline for acquisition talks between Wood Group and Apollo Global Management has been extended to 19 April from 22 March.

Wood Group has rejected a fourth cash offer from Apollo Global Management to acquire the entire share capital of Wood.

Wood Group's share price has been given a boost after the Aberdeen-based firm rejected three preliminary takeover proposals from US private equity firm Apollo Global Management.

In its latest trading update, John Wood Group has revealed it expects to book a 3% rise in underlying annual revenue to $5.4 billion (£4.4bn) despite a $275 million (£226m) hit from currency fluctuations, for its 2022 results. This is keeping in line with forecasts.