Premium Industrial NewsWood Group Looks to Brighter Second-Half 2021 After Pandemic Dampens EPC Demand
Wood Group Looks to Brighter Second-Half 2021 After Pandemic Dampens EPC Demand
Industry Segment: Power | Word Count: 809 Words
SUGAR LAND--August 25, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy services provider Wood Group plc (Aberdeen, Scotland) continued to see fallout from the COVID-19 pandemic in the first half of 2021, as investment decisions from several of its biggest clients were delayed amid the Delta variant's wrath. But the UK-based engineering giant expects many of its ongoing projects--including many in the renewable-energy sector--to produce rosier results for the remainder of the year. Industrial Info is tracking more than $46 billion worth of projects worldwide involving Wood Group, including more than $5.2 billion worth in the U.S.
Within this article: Details on some of the highest-valued projects across the U.S. featuring Wood Group's services, including those from major companies such as Phillips 66 (NYSE:PSX), Trafigura Group Pty Limited, Dominion Energy Incorporated (NYSE:D) and Olin Corporation (NYSE:OLN).
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