Type Public limited company Industry Oil and gas Headquarters Aberdeen, United Kingdom CEO Robin Watson (Jan 2016–) | Traded as LSE: WG. Founded 1982 Revenue 5.001 billion USD (2015) | |
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Key people Ian Marchant (Chairman), Robin Watson (Chief Executive) Products Oil and gas engineering, production support, gas turbine maintenance Stock price WG (LON) 778.50 GBX +17.50 (+2.30%)5 Apr, 12:26 PM GMT+1 - Disclaimer Subsidiaries SgurrEnergy, Wood Group Mustang, Inc., Intetech Profiles | ||
Wood group gts oil gas and industrial services uk version
Wood Group (officially John Wood Group PLC) is a multinational energy services company headquartered in Aberdeen, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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History
The business was founded by Sir Ian Wood in 1982, when it split away from JW Holdings, the largest fishing company in Scotland. JW Holdings had diversified into the energy services business at the outset of the North Sea oil industry in the early 1970s.
In 2002, the company was listed on the London Stock Exchange.
In March 2015, Wood Group has secured a contract worth over NOK500m (£41m) to expand and upgrade the Kollsnes gas processing plant in Norway. The contract was awarded by Statoil on behalf of plant operator Gassco. Under the deal, Wood Group will carry out engineering modifications and upgrades to the facility, located west of Bergen.
In March 2017, the company announced it would acquire its rival, Amec Foster Wheeler, for £2.2 billion.
Operations
Wood Group is an international energy services company with around $6bn sales and operating in more than 50 countries. The group provides a range of engineering, production support and maintenance management services to the energy and industrial sectors worldwide. Wood Group Mustang, Wood Group PSN, and Wood Group Kenny merged into Wood Group starting July 1, 2016. A new company logo was released on August 1, 2016.