logo-loader
viewWood Group (John) PLC

Wood Group reveals $250mln of new business in United States

“These contracts show the strength and expertise of Wood to deliver a diversified portfolio of energy and industrial services to a broad range of valued clients in various sectors"

oil and gas operations
It includes work in Alaska, the Bakken and Permian shale areas and Louisiana

John Wood Group PLC (LON:WG. told investors that it had secured ‘a string of new midstream sector contracts’ in the United States, which is considered a growth market by the company.

The work won in 2018 to date, is worth $250mln in aggregate and includes construction, fabrication, engineering and operations & maintenance services.

READ: Wood Group reveals first half slightly ahead of guidance

It spans orders for pipeline services, shale facilities, heavy civil, infrastructure and onshore engineering projects.

In terms of geography, they included work in Alaska, the Bakken and Permian shale areas and Louisiana’s onshore energy corridor.

“These contracts show the strength and expertise of Wood to deliver a diversified portfolio of energy and industrial services to a broad range of valued clients in various sectors,” said Andrew Stewart, chief executive of Wood’s Asset Solutions Americas division.

“We have grown our foothold in the midstream markets through the transfer of knowledge from our experience in other energy sectors, the retention and attraction of key expertise, and investment in client relationships. 

We bring best in class performance, a clear focus on safety and the best people to the projects.”

Quick facts: Wood Group (John) PLC

Price: 360.2 GBX

LSE:WG.
Market: LSE
Market Cap: £24.61 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: KRM22 expands product offerings with deltaconX partnership,...

KRM22 PLC (LON:KRM) CEO Keith Todd stopped by the Proactive New York studio to talk about how the risk management group has signed a new partnership deal, and raised fresh capital. Todd says the company's new partnership with deltaconX simplifies regulatory reporting through its Global Risk...

1 hour, 30 minutes ago

2 min read