UK's Wood Group Ropes in Rolls-Royce exec as New CFO
John Wood Group on Wednesday named Arvind Balan, a finance executive at Rolls-Royce, as the British oilfield services and engineering firm's new chief financial officer, effective April 2024.Balan has been the CFO at the aero-engineer's Civil Aerospace business for two years and will replace John Wood's long-term finance boss David Kemp, who announced his retirement in August. Balan previously held executive financial roles at oil major Shell for fourteen years, before joining Rolls Royce.The appointment comes several months after buyout firm Apollo Global Management dropped
Wood Group Raises Profit Outlook on Contract Wins; CFO to Retire
British oilfield services and engineering firm John Wood Group raised its expectations for annual adjusted core profit on Tuesday, betting on contract wins in its energy and materials business to sustain growth.Wood scored major contract wins worth millions of dollars from Shell and Brunei Shell Petroleum (BSP) among others in the first half of the year.The company closed its order book at $6 billion in the six-month period ended June 30, which is 5% above December-end levels.Wood expects adjusted core profit for the full-year to be above its previous expectations while revenue is seen to be
Wood Group Workers Accept Pay Offer, Preventing North Sea Strikes
Wood Group workers employed on Shell's North Sea oil platforms have accepted a new pay deal, ending a months-long dispute that saw some workers down tools in July and August. Labour union Unite, whose members voted 105-82 in favour of the deal, said proposed wage cuts were now less than first announced and that ad-hoc workers had gained greater work security and better options to gain permanent employment. "Our negotiations with Wood Group allowed us to reduce the levels of cuts being proposed to our members' wages and terms and conditions," said Unite regional officer John
Wood Maintenance Workers Back Strike on Shell Platforms
As many as seven of Royal Dutch Shell's North Sea platforms could be hit by the first strike action in the basin in 10 years after Wood Group employees working on the facilities voted on Wednesday in favour of industrial action. Wood Group workers are employed on Shell platforms to carry out maintenance work. A person familiar with the operations said this meant production from the platforms was unlikely to be affected by potential strikes in the short term. Nearly all Wood Group workers who participated in the ballot carried out by labour unions Unite and RMT supported strike action
Slater joins WFS Technologies as Sales Manager
of Seatooth-enabled products to increase production and reduce costs. Prior to joining WFS Slater spent 13 years at Schlumberger in domestic and international managerial positions as the main point of contact. Before Schlumberger, he worked in engineering roles for National Oilwell Varco and Wood Group Engineering. Slater was educated Robert Gordon University where he holds a BSc in Electrical & Electronic Engineering, specializing in Power and Transmission systems, Electronic Drives and Controls
North Sea Job Losses Raise Skills and Safety Concerns
, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP , Chevron and ConocoPhillips to lay off hundreds of workers. Oil field services groups such as Amec Foster Wheeler , Wood Group and Petrofac are also in consultation with employees over job cuts. "We have seen a lot of panicking," said Alastair Cole, a director at Spencer Ogden, an energy recruitment agency. "We've seen some very quick decisions made to balance the books in the short term, and there's
Xodus Subsea Strengthens Americas Team
barrel price.” The company has also appointed Maria Ancheril as its new Business Development Manager - Americas. She will be responsible for developing key relationships to facilitate winning significant offshore engineering projects. Also based in Houston, Ancheril joins Xodus Subsea from Wood Group Kenny where she was previously global business development manager following ten years with MCS Kenny. Ancheril is a committee member on a number of societies, including the Society for Underwater Technology, the Society for Women Engineers and the Exploring Program where she is Chair of the Oil
UK's Oil Services Firms to Cut Jobs to Ride Out Price Slump
Dutch Shell Plc and Exxon Mobil Corp . Petrofac was in talks to cut around 100 offshore jobs and up to 100 more onshore could be affected, a company spokesman said. The company, which employs 20,000 people, did not specify the location of the job cuts. A day earlier, smaller peer John Wood Group Plc, the Aberdeen-based company whose customers include BP Plc, said it was in consultation with 380 PSN unit employees, or about a fifth of its onshore UK workforce for the unit, and that 80 jobs could be lost. Britain's North Sea is one of the most expensive exploration areas in the
Kemp Succeeds Semple at Wood Group
Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company’s annual general meeting in May 2015, at which time he will have held senior financial roles with Wood Group for over 19 years. Alan has been CFO and a member of the board since 2000. David Kemp, CFO of Wood Group PSN will succeed Alan and will join the board as an executive director following the 2015 annual general meeting. To ensure effective
Aubin Group Appoints Gifford CFO
25 years senior management and international experience in the oil and gas industry to Aubin Group. A Chartered Accountant, her previous roles at director and senior management level include positions at S4 Advisory, a specialist business consultancy working with many leading oil and gas organizations, Wood Group, Talisman Energy and Stolt Offshore, a predecessor of Subsea 7. In addition, she is the non-executive Chairman of Aberdeen Foyer, a charitable organization supporting young unemployed or homeless people in the North East of Scotland. According to Aubin Group , the appointment is part of its
Australia Job Seekers Meet Employers at AOG Perth Conference
underway and another $180 billion worth of gas investment on the drawing board. A mix of presentations and networking opportunities are on offer with speakers from Curtin University, Woodside, Subsea 7, Technip, Schlumberger, CB&I, Engineers Australia, the University of Western Australia, Wood Group Kenny, New Latitude and the Society for Petroleum Engineers. Deloitte, Partner – Human Capital, Julie Harrison, speaking at an earlier conference session identified the need for employers to align their workforce plan to the business strategy to enable future capability requirements necessary
