United States

John Wood Group PLC (WG.L)

WG.L on London Stock Exchange

22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

John Wood Group Plc secures new ConocoPhillips contract
Tuesday, 8 Dec 2015 02:18am EST 

John Wood Group Plc:Secures new ConocoPhillips contract in Timor-Leste and Australia​.  Full Article

John Wood Group PLC acquires Infinity Group
Thursday, 3 Dec 2015 02:00am EST 

John Wood Group PLC:Says that it has agreed to acquire The Infinity Group (Infinity), a family-owned Texas Gulf Coast industrial construction and maintenance contractor serving the petrochemical, refining and gas processing sectors, for an initial consideration of $150 million.Says transaction is subject to a number of conditions, including US anti-trust approval, and completion is expected in late 2015.  Full Article

John Wood Group PLC wins $90 million contract in Iraq
Thursday, 26 Nov 2015 02:00am EST 

John Wood Group PLC:Says that it has won a new contract worth about $90 million to deliver services to one of the blue-chip international oil companies (IOC) in Iraq.Says Wood Group PSN (WGPSN) will provide project management for an onshore facility under the three year contract, which is effective immediately.  Full Article

John Wood Group Plc announces acquisition of Automated Technology Group
Tuesday, 22 Sep 2015 06:00am EDT 

John Wood Group Plc:Says it has acquired Automated Technology Group (ATG), one of the UK's independent suppliers of control and power solutions for industrial automation.  Full Article

UPDATE 1-North Sea workers' strike to disrupt Shell operations - union

* Shell making contingency plans to ensure safety - source (Updates throughout)