John Wood Group PLC, commonly known as Wood, has unveiled major developments in its strategic portfolio restructuring efforts. The company has signed agreements to sell two of its non-core businesses—EthosEnergy Group Limited and CEC Controls Company Inc. These transactions are projected to generate around $165 million in net proceeds during 2024, including loan notes valued […]
UK-based John Wood Group (Wood) has won a contract from Australian energy company Woodside Energy for the development of the floating production storage and offloading (FPSO) facility of the Sangomar oil project, offshore Senegal. The FPSO facility, to be located 100km south of Dakar, is designed specifically for hydrocarbons processing and oil storage prior to […]
John Wood Group (Wood) has bagged a three-year contract worth around $75 million from Equinor to support the latter’s operations at the Mariner oil field in the UK Continental Shelf (UKCS). Under the contract, the British energy services company will be responsible for the operations, maintenance, modifications, and offshore services on the Mariner A platform […]