Wood Group JV with Siemens AG becomes official
7th May 2014 09:03
Wood Group has officially established its joint venture (JV) with Siemens AG after all regulatory approvals were received. The JV, EthosEnergy, is a blend of Wood Group GTS's Maintenance and Power Solutions businesses and Siemens' TurboCare business unit which provides aftermarket gas turbine, ste
Read moreWood Group JV wins contract with Kazakh oil firm
3rd Apr 2014 07:25
Wood Group has been awarded a long-term service agreement by the North Caspian Production Operating Company (NCPOC) in Kazakhstan. KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTS and KazTurboRemont (KTR), will support the critical rotating equipment on the Kashagan proj
Read moreWood Group wins contract with Esso Australia
2nd Apr 2014 07:55
Engineering giant Wood Group has scored a contract with Esso Australia, a subsidiary of ExxonMobil, for works on Gippsland Basin projects in Victoria, Australia. The company will provide engineering, procurement and construction services to support the Gippsland Basin, a joint venture between opera
Read moreLondon pre-open: Gains expected ahead of economic data
1st Apr 2014 07:50
UK stocks are expected to rise on Tuesday morning following a strong finish on Wall Street last night after comments from Federal Reserve Chair Janet Yellen. City sources predict the FTSE 100 will open 28 points higher than Friday's close of 6,598.37. Tuesday will be a data-heavy session for finan
Read moreWood Group buys Sunstone Projects
1st Apr 2014 07:09
Oil and gas services company Wood Group said on Tuesday it has bought Sunstone Projects for 14.5m Canadian dollars. Sunstone, based in Calgary, Canada, is a pipeline consulting company providing engineering, procurement and construction management services to the oil and gas sector. Sunstone, whi
Read moreWood Group JV lands services agreement in Trinidad
26th Mar 2014 07:43
Wood Group's joint venture Neal & Massy Wood Group (NMWG) on Wednesday announced that it has been awarded a master services agreement. Under the agreement, NMWG will deliver construction services to a liquified natural gas (LNG) company in Trinidad and Tobago, the largest LNG producer in the Weste
Read moreNew GKN Finance Director opens account
20th Mar 2014 16:00
Adam Walker, the newly appointed Financial Director of aerospace giant GKN, bought himself a round of shares worth 252,980 pounds. The purchase comes just a few weeks after the company posted a jump in annual sales and underlying profits, which helped to offset a decline in the military aerospace m
Read moreEnegi Oil JV extends option agreement with Wood Group PSN
11th Mar 2014 11:36
Enegi Oil, which in partnership with ABTechnology owns the ABT Oil & Gas joint venture (JV), has agreed to extend its option agreement with Wood Group's PSN division (WGPSN) until March 31st 2014. The option gives WGPSN the possibility to expand its participation in the development of the marginal
Read moreWood Group PSN wins first major UK contract of the year
25th Feb 2014 07:50
Energy services giant Wood Group announced Tuesday that one of its three businesses, Wood Group PSN (WGPSN), has been awarded its first major deal in the UK this year. The five-year contract extension from Talisman Sinopec Energy UK is valued at $500m and includes an option for two additional two-
Read moreShire Chairman sells shares following 'excellent' 2013 results
21st Feb 2014 15:26
Shire's Chairman, Matthew Emmens, has sold 36,100 shares in the biopharmaceutical company following its 'excellent' results for 2013. Emmens disposed of the shares at 3,314.85p each for a total of just under £1.2m shares. After a pick-up in earnings growth in the fourth quarter, the group beat f
Read moreWood Group director greets FY results with share purchase
19th Feb 2014 15:28
Ian Marchant, a Senior Independent Director on the board of oil services company Wood Group, marked Tuesday's in-line results with the purchase of 15,000 shares. The 714p-a-share deal, which set the non-exec back £107,100, significantly increased his stake to 22,777 shares. The transaction was m
Read moreWednesday tips round-up: King, Wood Group
19th Feb 2014 07:18
Investing in internet content providers at the moment is a difficult art to master. A case in point is King Digital Entertainment, which has filed for a 500m-dollar initial public offering on the NYSE. Mobile devices continue to proliferate and content is needed. However, barriers to entry are low a
Read moreBroker tips: Wood Group, InterContinental Hotels, Centrica
18th Feb 2014 13:02
Oil services outfit Wood Group's latest full year results were largely in-line, although revenues were about one per cent softer than consensus expectations. At unchanged guidance for modest growth in earnings per share next year might not seem much to write home about. Yet coming as it did on the
Read moreFTSE 250 movers: Bwin.party rises on Numis rating
18th Feb 2014 12:57
Bwin.party Digital Entertainment rose strongly after Numis Securities reiterated its 'buy' rating on the stock. Oil services company Wood Group jumped after it reported a 14% increase in pre-tax profits to $412.8m for the year to December 31st 2013. Revenues rose 3% to $7.1bn, while profits before
Read moreInvestec highlights Wood Group's unchanged guidance
18th Feb 2014 12:39
Oil services outfit Wood Group's latest full year results were largely in-line, although revenues were about one per cent softer than consensus expectations. At unchanged guidance for modest growth in earnings per share next year might not seem much to write home about. Yet coming as it did on the
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