Wood Group Looks to Grow Profits on Energy, Chem Projects

Wood Group plc is optimistic it will emerge from the red in 2022, with a slate that includes energy and chemical projects along the U.S. Gulf of Mexico. The company's order book was up 19% from 2020 at $7.75 billion.

Among the projects involving Wood Group tracked by Industrial Info are the Bluewater Texas Terminal in Gregory, Texas, east of Corpus Christi, which is a joint venture between Phillips 66 (NYSE:PSX) and Trafigura Group; a series of upgrades and replacements to control systems at organic chemical and chlor-alkali plants in Freeport, Texas, both of which are part of a complex owned by Olin Corporation (NYSE:OLN); and consulting services for Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) on several ash pond closures at Duke's coal-fired power plants.

Industrial Info is tracking more than $4.2 billion worth of active projects across the U.S. and Canada involving Wood Group.