Wood Group
 | |
| Type | Public limited company |
|---|---|
| Traded as | LSE: WG. |
| Industry | Oil and gas |
| Founded | 1982 |
| Headquarters | Aberdeen, Scotland, United Kingdom |
| Key people | Sir Ian Wood (Chairman), Allister Langlands (Chief Executive) |
| Products | Oil and gas engineering, production support, gas turbine maintenance |
| Revenue | US$5,063.1 million (2010)[1] |
| Operating income | US$288.2 million (2010)[1] |
| Net income | US$165.8 million (2010)[1] |
| Employees | 34,000 (2011)[2] |
| Website | www.woodgroup.com |
John Wood Group PLC (LSE: WG.) is a multinational oil and gas services company headquartered in Aberdeen, Scotland, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
GE acquired John Wood Group PLC’s Well Support Division in 2011 for $2.8 billion, expanding GE Oil & Gas’ drilling and surface manufacturing and services portfolio[3].
History
The business was founded by Sir Ian Wood in 1982 when it split away from JW Holdings, the largest fishing company in Scotland.[4] JW Holdings had diversified into the energy services business at the outset of the North Sea oil industry in the early 1970s.[5]
In 2002 the company became listed on the London Stock Exchange.[4]
Operations
The company is made up of three businesses: Engineering, Wood Group PSN and Gas Turbine Services.[6]
See also
References
- ↑ 1.0 1.1 1.2 "Annual Report 2010". Wood Group. http://asp-gb.secure-zone.net/v2/indexPop.jsp?id=208/271/2683&lng=en. Retrieved 22 April 2011.
- ↑ Wood Group: Contact Us
- ↑ http://www.genewscenter.com/Press-Releases/GE-Completes-Acquisition-of-John-Wood-Group-PLC-s-Well-Support-Division-Increasing-Position-in-Enhanced-Oil-Recovery-and-Shale-Gas-Production-304d.aspx
- ↑ 4.0 4.1 Wood Group History
- ↑ Darroch, Valerie (31 December 2006). "Boss of the year: Sir Ian Wood reveals the secret of his success as he gets ready for a new role". Sunday Herald. http://findarticles.com/p/articles/mi_qn4156/is_20061231/ai_n17090647. Retrieved 27 April 2008.
- ↑ Wood Group: About Us
External links
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