- Business
- John Wood Group PLC, commonly known as Wood, is a multinational engineering and consulting company that provides project management, engineering solutions, and technical services to energy and materials markets; its core offerings encompass engineering, procurement, and construction management (EPCM) for oil and gas production, transportation, and processing facilities; process technologies including hydrogen production, synthesis gas plants, natural gas decarbonization via VESTA, selective-yield delayed coking (SYDEC SM), solvent deasphalting, visbreaking, and sulfur recovery; maintenance management, industrial gas turbine overhaul, production support, fired-heater technologies, modular supply solutions, and operational assistance such as turnarounds, troubleshooting, and technical service agreements; as well as consulting in decarbonization, optimization, renewables, future fuels, low-carbon solutions, digitalization, and asset lifecycle support from design and feasibility studies to operations and repurposing. The company operates across more than 60 countries with local offices in major energy and materials hubs, targeting oil and gas, power generation, refining, chemicals, renewables, and industrial sectors; it employs around 35,000 people globally and maintains headquarters in Aberdeen, Scotland, at Sir Ian Wood House, Hareness Road, Altens Industrial Estate. Founded in 1982 by Ian Wood as a spin-off from JW Holdings, the company delisted from the London Stock Exchange in May 2025 after shares were suspended due to delayed financial filings; in November 2025, Dubai-based Sidara acquired Wood in a deal valued at around 207 million pounds (30 pence per share), including a US$450 million capital injection (US$250 million upon shareholder approval and US$200 million at closing) for liquidity, alongside amendments extending debt facilities to October 2028 and new money facilities; recent divestitures include the sale of its 50% stake in RWG Repair & Overhauls Ltd to Siemens Energy for US$135 million, the North American transmission and distribution engineering business for US$110 million, and prior exits like the nuclear division to Jacobs in 2020 and built environment consulting to WSP Global in 2022 to reduce debt and refocus on core growth areas.