Wood Group wins £40m North Sea contract extension

An Aberdeen-based energy services firm has secured a £40 million contract extension for one of its longest running projects in the North Sea. Wood Group PSN (WGPSN) said it will continue to provide operations and maintenance services to ConocoPhillips’ offshore assets (pictured) in the Southern and Central North Sea and the onshore Theddlethorpe gas terminal […]

Scottish energy firm secures Chinese wind contract

A Scottish renewable energy consultancy is to provide support for the development of a Chinese province’s first offshore wind farm. SgurrEnergy, part of energy services provider Wood Group, has signed a two-year contract to advise Guangdong Electric Power Design Institute (GEDI) on areas such as wind farm layout, site selection and design and conduct an […]

Scottish energy firm opens engineering hub in India

A Scottish energy company has opened an engineering hub in the capital city of India. The £750,000 project in New Delhi (pictured) is expected to help create 100 new highly skilled jobs in India and is Wood Group’s aim to build on its “existing presence” in the country. The hub is expected to open access […]

Wood Group shareholders set for $1.1bn

Wood Group shareholders can expect $1.1billion cash back after the engineering firm, which supports the oil, gas and power generation industry, posted good half year results for 2011 today. “Volatile” global markets failed to dent the engineers’ stride, as the total revenue was up 17% on 2010 figures, hitting $2,828.8million. Sir Ian Wood, Wood Group […]

Global energy firm to buy rival for £606m

International energy services company Wood Group is to acquire fellow global player Production Services Network for £606m. PSN will merge with Wood Group’s oil and gas production facilities business to create what will become the world’s leading brownfield production services provider, to be called Wood Group PSN. PSN’s chief executive Bob Keiller will head the […]