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John Wood Group PLC (WG.L)

WG.L on London Stock Exchange

19 Jan 2017
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-11.00 (-1.26%)
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Latest Key Developments (Source: Significant Developments)

Wood Group secures Saudi Aramco contract
Tuesday, 10 Jan 2017 05:48am EST 

John Wood Group Plc : Wood Group secures Saudi Aramco contract . Five year, multi-million dollar framework agreement . Contract to continue to provide engineering and project management services to Saudi Aramco's onshore capital programmes in Kingdom of Saudi Arabia .Effective immediately, contract also includes three, one year extension options and will be delivered locally in Saudi Arabia.  Full Article

Wood Group sees FY 2016 performance in line with expectations
Wednesday, 14 Dec 2016 02:18am EST 

John Wood Group Plc : Pre-close trading update for year to Dec.31 2016 . Oil and gas markets remain challenging in 2016 . Lower oil prices have endured and activity has fallen across sector . In response have significantly reduced our cost base; refined operating structure . We anticipate full year 2016 financial performance in line with current market expectations . Market continues to present significant challenges and although these are likely to persist during 2017 .Anticipate full year 2016 financial performance in line with current market expectations.  Full Article

John Wood says awarded $40 million contract
Tuesday, 15 Nov 2016 02:42am EST 

John Wood Group Plc :Awarded $40 million automation services contract for exxonmobil polyethylene plant.  Full Article

Shell discussing 17 asset disposals as part of $30 bln divestments - CFO
Thursday, 28 Jul 2016 04:33am EDT 

: Shell ceo says sees global refining to remain long . Shell cfo says concerned about potential loss of british influence on financial market legislation after brexit . Shell cfo says company in discussions on 17 asset disposals as part of $30 billion divestment programme . Shell ceo says had issues with helicopter transport to north sea platforms where wood group workers were on strike . Shell cfo says sees earnings impact of a few hundred million dollars per year from dutch government decision to cut groningen gas field output (London Equities Newsroom) ((+44 20 7542 7717;)).  Full Article

Oilfield services provider Wood Group reiterates FY guidance
Thursday, 30 Jun 2016 02:32am EDT 

John Wood Group Plc : Trading update for the six months to 30 June 2016 . Overall outlook for full year has not changed and there is no change to EBITA guidance of around 20 pct down on 2015 as given in May .Our intention remains to increase dividend per share by a double digit percentage for 2016.  Full Article

John Wood Group wins Kiewit services contract
Tuesday, 28 Jun 2016 02:52am EDT 

John Wood Group Plc : Wood Group awarded multimillion dollar engineering and procurement services contract for statoil's Peregrino field. .Wood Group Mustang will perform work for Kiewit Offshore Services..  Full Article

John Wood buys Aberdeen-based engineering business
Friday, 17 Jun 2016 02:04am EDT 

John Wood Group Plc :Acquires trade and assets of enterprise engineering services limited's aberdeen fabrication and manufacturing business.  Full Article

John Wood Group wins $140 mln worth of contracts
Monday, 9 May 2016 02:00am EDT 

John Wood Group Plc : Wood Group has secured two new, three year contracts, collectively valued at over $140 million .Effective immediately and creating more than 100 new jobs, contracts will be delivered from southern Iraq and Dubai.  Full Article

John Wood Group PLC awarded Shell industrial services contract
Wednesday, 23 Mar 2016 03:00am EDT 

John Wood Group PLC:Says that it has secured new three year contract with Shell, to deliver industrial services to the St Fergus gas processing plant in Aberdeenshire and the Mossmorran gas processing plant and Braefoot Bay marine terminal in Fife, Scotland.  Full Article

John Wood Group PLC hikes dividend as cost-cutting helps co survive oil slump - Reuters
Monday, 22 Feb 2016 10:46pm EST 

John Wood Group PLC:John Wood Group Plc WG.L increased its full-year dividend by 10 percent as its aggressive cost-cutting actions helped it conserve cash. - RTRS.Shares in the company rose 7.2 percent to 230 pence on the London Stock Exchange on Tuesday, making them the largest percentage gainers on the FTSE mid-250 Index .FTMC.The company's hike in dividend to 30.3 cents makes it stand out among its peers, as balance sheets in the sector become strained by the slump in oil prices.Wood Group said it had cut about 8,000 jobs, or about 20 percent of its workforce, and added that it delivered about $148 million in overhead savings in 2015.The company, which was founded in 1912 as a ship repair and marine engineering firm, said earnings before income, tax and amortisation (EBITA) fell 14.5 percent in the year to $469.7 million. It had forecast EBITA of $465 million for the year.  Full Article

Weak oil prices hurt Wood Group's first-half core earnings

Aug 16 Oilfield services company John Wood Group Plc reported a 26.3 percent fall in first-half core earnings, hurt by weak demand from oil and gas producers.