Wood Group Kenny News

 

Wood Expands Engineering Scope for Shell Under $120M Deal

Feb 20, 2025

Engineering consultancy Wood has secured a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the U.K.The two-year, cost-reimbursable contract extension, centers on providing brownfield EPC services, as well as subsea and integrity management, at the Shell UK-operated St Fergus and Mossmorran onshore terminals and the Nelson…

Oil and Gas to Wind Cross-Skill Pilot Delivers First Batch of Qualified Technicians

Jun 24, 2025

Delivering an integrated technician workforce for a just energy transition between oil and gas to wind has moved a step closer as 15 technicians complete the pilot program developed by the Engineering Construction Industry Training Board (ECITB)…

Wood JV Gets EPC Job for Shell off Brunei

Jun 17, 2025

TendrillWood, a joint venture company between Wood Group and Tendrill, has secured a five-year contract with Brunei Shell Petroleum (BSP) for brownfield engineering, procurement, and construction (EPC) services.Under the contract, the TendrillWood JV will deliver integrated…

Report: Gas Investments in Australia Stalling

May 27, 2025

Australia is losing its competitive edge in attracting investment in natural gas exploration and production, threatening the nation’s energy security, economic growth and emissions reduction targets, a new report by Wood Mackenzie has found…

World Energy: Tariffs Reshape the Future

May 27, 2025

A new report from Wood Mackenzie, 'Trading cases: Tariff scenarios for taxing times', presents three futures for the global energy landscape, highlighting the far-reaching implications of ongoing trade tensions for the energy and natural resources sectors…

Industry Leaders Set to Discuss Future of US Offshore CCS Market

May 16, 2025

National Ocean Industries Association (NOIA) and the Offshore Operators Committee (OOC) are organizing fourth annual Offshore CCS & Emerging Technologies Symposium, where industry leaders will gather to discuss the future of U.S. carbon capture and storage (CCS) projects…

Higher Oil Production Boosts ExxonMobil’s First Quarter Profit

May 02, 2025

Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.Profit during the January-March quarter was $7.71 billion or $1.76 per share…

SBM Offshore Inks $400M Refinancing Deal for FPSO Cidade de Paraty

Apr 09, 2025

SBM Offshore has signed a non-recourse sale and leaseback financing agreement for Cidade de Paraty floating, production storage and offloading (FPSO) unit, for the total amount of $400 million and with a tenor of eight years.The transaction is expected to be completed before the end of April 2025…

Wood Mackenzie Slashes Five-Year US Wind Energy Outlook

Apr 08, 2025

A prominent energy research firm slashed its five-year outlook for new U.S. wind energy projects by 40% on Tuesday, citing Trump administration policies and concerns about the economy.Wood Mackenzie expects the United States to install 45.1GW of wind…

BP Mulls Shedding two US Offshore Stakes

Mar 26, 2025

BP is exploring the sale of minority stakes in two of its most valuable Gulf of Mexico oil projects — Kaskida and Tiber — as the energy giant recalibrates its strategy to prioritize oil and gas, according to two sources familiar with the matter…

Wood Mackenzie Projects $73/Barrel in '25

Feb 24, 2025

According to its latest market outlook, Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025. The forecast considers geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict…

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

Feb 24, 2025

Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country's Gran Morgu energy project, the head of the state-owned company told Reuters.The project, led by TotalEnergies…

SBM Offshore's 2024 Revenue Soars 35% to Record High

Feb 20, 2025

Dutch oil and gas services firm SBM Offshore's annual revenue jumped 35% to a record high in 2024, driven by the sale of its floating production, storage and offloading vessels (FPSO) in Suriname and Guyana, the company said on Thursday.SBM Offshore's shares rose 9…

Wood Gets Maintenance Work at Esso Australia’s Offshore Assets

Jan 20, 2025

Engineering consultancy Wood has secured a new contract to provide long-term maintenance solutions for onshore and offshore assets in the Gippsland Basin, operated by Esso Australia, ExxonMobil's subsidiary.Supporting safe energy production…

Delayed Energy Transition Could Mean Higher Hydrocarbon Prices

Jan 16, 2025

As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil and gas supply, but meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices…

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