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John Wood Group PLC (WG.L)

WG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

John Wood Group Says Anticipate Modest EBITA Growth In 2018
Tuesday, 20 Mar 2018 

March 20 (Reuters) - John Wood Group Plc ::PROPOSED FINAL DIVIDEND OF 23.2C UP 3%​.‍ANTICIPATE MODEST EBITA GROWTH IN 2018 REFLECTING EARLY STAGE RECOVERY IN CERTAIN OIL & GAS MARKETS​.‍ANNUALISED COST SYNERGIES DELIVERY OF GREATER THAN $40M TO DATE, EARLIER THAN PLAN​.FY TOTAL REVENUE $6,169 MILLION VERSUS $4,934 MILLION.‍RETAINED MARKET SHARE IN OFFSHORE GREENFIELD MARKET; VISIBILITY ON PROJECTS BEYOND EXISTING WORK REMAINS LOW, PRICING UNDER PRESSURE​.FY OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS $212 MILLION VERSUS $244 MILLION.‍IMPROVEMENT IN SHALE ACTIVITY EXPECTED TO CONTINUE, ACTIVITY FOCUSED ON NIOBRARA, PERMIAN BASINS WHERE CO INCREASING HEADCOUNT​.  Full Article

John Wood Group Wins New Contract With Saudi Aramco & SABIC
Thursday, 8 Mar 2018 

March 8 (Reuters) - John Wood Group Plc ::PRESS RELEASE REG-WOOD GROUP (JOHN)PLC: WOOD WINS NEW CONTRACT WITH SAUDI ARAMCO AND SABIC.JOHN WOOD - SELECTED TO DEVELOP FULLY INTEGRATED CRUDE OIL TO CHEMICALS (COTC) COMPLEX IN KINGDOM OF SAUDI ARABIA, ON BEHALF OF SAUDI ARAMCO & SABIC.JOHN WOOD GROUP PLC - CONTRACT IS EXPECTED TO CONTINUE THROUGH TO START OF OPERATIONS, FORECAST FOR 2025.  Full Article

John Wood Says Wins Strategic Five-Year Engineering Services Contract
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - John Wood Group Plc ::PRESS RELEASE REG-WOOD GROUP (JOHN)PLC: WOOD WINS NEW CONTRACT WITH INPEX IN AUSTRALIA.‍WOOD WINS STRATEGIC FIVE-YEAR ENGINEERING SERVICES CONTRACT SUPPORTING INPEX IN AUSTRALIA​.‍AWARDED BROWNFIELD ENGINEERING SERVICES CONTRACT FOR INPEX-OPERATED ICHTHYS OFFSHORE FACILITIES​.‍CONTRACT IS FOR FIVE YEARS WITH A TWO-YEAR EXTENSION OPTION AND WILL BE EXECUTED FROM WOOD'S OFFICES IN PERTH, AUSTRALIA​.  Full Article

John Wood Says Gets Multi-Million Dollar Saudi Aramco Contract
Monday, 12 Feb 2018 

Feb 12 (Reuters) - John Wood Group Plc ::WOOD WINS NEW SAUDI ARAMCO CONTRACT.‍SECURED NEW MULTI-MILLION DOLLAR, 5 -YEAR CONTRACT TO SUPPORT SAUDI ARAMCO IN DELIVERY OF ONE OF PROJECTS IN KINGDOM OF SAUDI ARABIA​.  Full Article

John Wood Sees Positive Impact From U.S. Tax Changes, Improved Net Debt
Friday, 2 Feb 2018 

Feb 2 (Reuters) - John Wood Group Plc ::JOHN WOOD - THERE WILL BE A ONE-OFF, NON-CASH CREDIT TO P&L IN YEAR ENDED 31 DECAS A RESULT OF REVALUATION OF NET DEFERRED TAX LIABILITIES.JOHN WOOD GROUP PLC - US RATE REDUCTION IS EXPECTED TO HAVE A FAVOURABLE IMPACT ON WOOD'S EFFECTIVE TAX RATE GOING FORWARD.JOHN WOOD GROUP PLC - CONSERVATIVELY ESTIMATED THAT NET DEBT AT YEAR END WOULD BE AROUND $1.8BN. ACTUAL NET DEBT AT 31 DECEMBER WAS $1.65BN.  Full Article

John Wood Group Says Core Oil & Gas Market Continued To Present Challenges In 2017
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - John Wood Group Plc ::JOHN WOOD GROUP PLC SAYS CURRENTLY ESTIMATE THAT 2017 PROFORMA WOOD EBITA FROM CONTINUING BUSINESSES WILL BE IN REGION OF $590 MILLION TO $610 MILLION.JOHN WOOD GROUP PLC SAYS NET DEBT AT 31 DECEMBER EXPECTED TO BE AROUND $1.8 BILLION.CONTINUE TO COOPERATE WITH INVESTIGATION BY SFO, VOLUNTARY REQUESTS FOR INFORMATION FROM DOJ,SEC REGARDING AFW'S PAST USE OF THIRD PARTY AGENTS.NO MATERIAL DEVELOPMENTS IN CO'S INTERNAL INVESTIGATION INTO HISTORICAL ENGAGEMENT WITH UNAOIL SINCE UPDATE.SAYS CORE OIL & GAS MARKET CONTINUED TO PRESENT CHALLENGES IN 2017.SAYS RETAIN PROGRESSIVE DIVIDEND POLICY AND INCREASED FIRST HALF DIVIDEND BY 3 PERCENT.  Full Article

John Wood Group Wins Multi-Million Dollar Contract Supporting Glaxosmithkline In Germany​
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - John Wood Group Plc ::WOOD WINS CONTRACT SUPPORTING GLAXOSMITHKLINE.‍WOOD WINS MULTI-MILLION DOLLAR CONTRACT SUPPORTING GLAXOSMITHKLINE IN GERMANY​.  Full Article

John Wood Group announces ‍disposal of its North American nuclear operations​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - John Wood Group Plc :‍DISPOSAL OF AFW'S NORTH AMERICAN NUCLEAR OPERATIONS​.‍WOOD HAS TODAY ENTERED INTO AN AGREEMENT TO SELL ITS NORTH AMERICAN NUCLEAR OPERATIONS TO KINECTRICS INC​.‍CASH CONSIDERATION FOR DEAL IS AVOUT C$10M AFTER ADJUSTMENTS FOR DEFINED BENEFIT PENSION RELATED DEBT.‍TRANSACTION IN RESPECT OF CANADIAN AND US OPERATIONS IS EXPECTED TO CLOSE IN Q4 OF 2017 SUBJECT TO COMPETITION CLEARANCE IN CANADA​.‍ROMANIAN DISPOSAL IS EXPECTED TO CLOSE EARLY IN 2018, SUBJECT TO REGULATORY APPROVAL IN ROMANIA​.  Full Article

John Wood secures engineering contract from Honghua for LNG platform development in Mexico
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Honghua Group Ltd <0196.HK>:HONGHUA GROUP AWARDED $12 MILLION FEED CONTRACT TO WOOD FOR LNG PLATFORM DEVELOPMENT IN WEST DELTA AREA OF GULF OF MEXICO‍​.  Full Article

Wood Group wins multi-million dollar contract from Total
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - John Wood Group Plc ::WOOD WINS MULTI-MILLION DOLLAR CONTRACT WITH TOTAL.‍AWARDED A NEW MULTI-MILLION DOLLAR CONTRACT BY TOTAL, SUPPORTING THEIR LINDSEY OIL REFINERY LOCATED IN NORTH KILLINGHOME, LINCOLNSHIRE, UK​.‍NEW CONTRACT WILL COMMENCE ON 1 JANUARY 2018​.  Full Article

UPDATE 1-Wood Group sees modest growth in core profit this year

March 20 Oilfield services company John Wood Group Plc, which bought smaller rival Amec Foster Wheeler last year, on Tuesday forecast a modest growth in core profit for 2018 after reporting an 11.1 percent fall in full-year earnings.