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Released March 25, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--John Wood Group plc (Aberdeen, Scotland) believes it is well-positioned to ride a host of growth trends across global energy and industrial markets, including the rapid development of U.S. natural gas-processing and transmission. The company's businesses in U.S. shale plays were among its busiest in 2018, with more activity expected this year. Industrial Info is tracking more than $76 billion in active projects worldwide involving Wood Group, more than $40 billion of which is attributed to Oil & Gas Production and Processing.
Click on the image at right for a graph detailing Wood Group's active global projects, by industry.
Wood Group acquired former engineering giant Amec Foster Wheeler (AFW) in late 2017, after both companies had spent years struggling with the fallout from low oil prices. Last week, Wood's AFW businesses were awarded a $34 million contract from RH energytrans LLC (Erie, Pennsylvania) to construct the the Risberg Line Project, which will carry 55 million standard cubic feet per day of natural gas about 28 miles from Crawford County, Pennsylvania, to Ashtabula County, Ohio.
The Risberg Line comprises a $25 million Pennsylvania portion, running 16 miles from Crawford County to the state border, and a $21 million Ohio portion, running 12 miles from the border to Ashtabula County. Both segments have started construction and are set to wrap up in the fourth quarter. For more information, see Industrial Info's project reports on the Pennsylvania and Ohio segments.
Wood also secured a contract earlier this month from Siemens AG (Munich, Germany) to install a new Siemens HL-class gas turbine as part of Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina) $320 million addition to the Lincoln Combustion Turbines Station in Stanley, North Carolina. The 400-megawatt (MW) addition is set to wrap up toward the end of the year. For more information, see Industrial Info's project report.
Anadarko Petroleum Corporation (NYSE:APC) (Houston, Texas) is employing Wood for its $100 million Train 2 addition at its natural gas-processing plant in Mentone, Texas, which is expected to double gas-processing capacity at the plant to 400 million standard cubic feet per day. Anadarko has been upping its investments in the Permian's Delaware Basin in the past two years, and subsidiary Western Gas Partners LP brought on Wood Group as mechanical contractor before it kicked off construction in second-quarter 2018. Construction is expected to be completed within the next two months. For more information, see Industrial Info's project report.
Evolution Midstream LLC (Denver, Colorado) contracted Wood last year for its $40 million Jewell Natural Gas-Processing Plant in Converse County, Wyoming, in the heart of the South Powder River Basin. Wood is providing civil and mechanical construction services for the first gas-processing plant to be built in Wyoming in six years. The plant, which will process 40 million standard cubic feet per day of gas, also will extract purity propane and provide stabilized condensate for sale in local and interstate markets, according to Oil & Gas Journal. For more information, see Industrial Info's project report.
Evolution has Wood performing the same services for its $50 million Train 2 addition at Jewell, which kicked off in August and is set to wrap up in first-quarter 2020. The unit will add 60 million standard cubic feet per day of capacity. For more information, see Industrial Info's project report.
Wood also expects to wrap up in the late summer on Kimberly-Clark Corporation's (NYSE:KMB) (Irving, Texas) $150 million natural gas-fired cogeneration plant at its paper mill in Chester, Pennsylvania. The plant produces 1,300 tons per day of some of the company's staple products, including toilet paper, napkins and sanitary wipes; its major product is Scott 1000 toilet paper, according to the Delaware County Daily Times. The new power facility will feature a boiler and steam turbine. For more information, see Industrial Info's project report.
The company's order book stands at about $10.3 billion. Wood narrowed its 2018 net losses to $8.9 million, down from $32.4 million in 2017, when the company booked a slew of heavy one-time costs related to the AFW acquisition. Pretax profits were reported to be $53.5 million, compared with a $21.6 million loss in 2017.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing Wood Group's active global projects, by industry.Wood Group acquired former engineering giant Amec Foster Wheeler (AFW) in late 2017, after both companies had spent years struggling with the fallout from low oil prices. Last week, Wood's AFW businesses were awarded a $34 million contract from RH energytrans LLC (Erie, Pennsylvania) to construct the the Risberg Line Project, which will carry 55 million standard cubic feet per day of natural gas about 28 miles from Crawford County, Pennsylvania, to Ashtabula County, Ohio.
The Risberg Line comprises a $25 million Pennsylvania portion, running 16 miles from Crawford County to the state border, and a $21 million Ohio portion, running 12 miles from the border to Ashtabula County. Both segments have started construction and are set to wrap up in the fourth quarter. For more information, see Industrial Info's project reports on the Pennsylvania and Ohio segments.
Wood also secured a contract earlier this month from Siemens AG (Munich, Germany) to install a new Siemens HL-class gas turbine as part of Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina) $320 million addition to the Lincoln Combustion Turbines Station in Stanley, North Carolina. The 400-megawatt (MW) addition is set to wrap up toward the end of the year. For more information, see Industrial Info's project report.
Anadarko Petroleum Corporation (NYSE:APC) (Houston, Texas) is employing Wood for its $100 million Train 2 addition at its natural gas-processing plant in Mentone, Texas, which is expected to double gas-processing capacity at the plant to 400 million standard cubic feet per day. Anadarko has been upping its investments in the Permian's Delaware Basin in the past two years, and subsidiary Western Gas Partners LP brought on Wood Group as mechanical contractor before it kicked off construction in second-quarter 2018. Construction is expected to be completed within the next two months. For more information, see Industrial Info's project report.
Evolution Midstream LLC (Denver, Colorado) contracted Wood last year for its $40 million Jewell Natural Gas-Processing Plant in Converse County, Wyoming, in the heart of the South Powder River Basin. Wood is providing civil and mechanical construction services for the first gas-processing plant to be built in Wyoming in six years. The plant, which will process 40 million standard cubic feet per day of gas, also will extract purity propane and provide stabilized condensate for sale in local and interstate markets, according to Oil & Gas Journal. For more information, see Industrial Info's project report.
Evolution has Wood performing the same services for its $50 million Train 2 addition at Jewell, which kicked off in August and is set to wrap up in first-quarter 2020. The unit will add 60 million standard cubic feet per day of capacity. For more information, see Industrial Info's project report.
Wood also expects to wrap up in the late summer on Kimberly-Clark Corporation's (NYSE:KMB) (Irving, Texas) $150 million natural gas-fired cogeneration plant at its paper mill in Chester, Pennsylvania. The plant produces 1,300 tons per day of some of the company's staple products, including toilet paper, napkins and sanitary wipes; its major product is Scott 1000 toilet paper, according to the Delaware County Daily Times. The new power facility will feature a boiler and steam turbine. For more information, see Industrial Info's project report.
The company's order book stands at about $10.3 billion. Wood narrowed its 2018 net losses to $8.9 million, down from $32.4 million in 2017, when the company booked a slew of heavy one-time costs related to the AFW acquisition. Pretax profits were reported to be $53.5 million, compared with a $21.6 million loss in 2017.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
