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Wood Group Looks to $14 Billion in Completions this Year


Industry Segment: Production | Word Count: 778 Words

SUGAR LAND--May 17, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Wood Group plc (Aberdeen, Scotland) is looking at a substantial number of projects that are set to wrap up in 2017, including a drilling facility in the Gulf of Mexico and a pipeline extension in Georgia. The company also picked up more business this week when Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) awarded it a contract for a major, multi-phase offshore project. Industrial Info is tracking more than $82 billion in active projects involving Wood Group, including more than $14 billion worth that are expected to be completed later this year.

Within this article: Details on the Shell offshore project, as well as a slew of U.S.-based projects involving Wood that are set to be completed before the end of the year from companies such as Hess Corporation (NYSE:HES), Chevron Corporation (NYSE:CVX), Statoil ASA (NYSE:STO) and Williams Partners LP (NYSE:WPZ).

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