Wood Group

Wood Group has posted a $89 million (c.£76m) profit for the six months ended 30 June 2022, up from an $11m (c.£9m) loss for the same period last year. The group's H1 2022 revenue has fallen marginally by 0.4% to $2.56bn (c.£2.17bn) from $2.57bn (c.£2.18) in H1 2021. However,

Aberdeen-based engineering and project management firm Wood Group has secured a UK Government-backed loan worth £430 million to boost its green initiatives. The funding is part of the new UK Export Finance (UKEF) guarantee which aims at helping exporters through the “energy transition&rd

Wood Group is aiming to settle long-running investigations into bribery allegations by paying out about $197 million. The engineering company confirmed yesterday that it will pay almost $9 million to Scotland’s Civil Recovery Unit.

Healthcare tech company Craneware has appointed David Kemp, the chief financial officer of Aberdeen oil services company Wood Group, to its board. Mr Kemp has been appointed to the board as an independent non-executive director and will join on March 1st this year.