These include Norway and the Middle East, which are core electrification markets for Wood, as well as North and Latin America. “We're seeing major focus on electrification.

London-listed engineering and consulting firm Wood Group said it is likely to recommend a takeover by Middle Eastern-based privately owned company Sidara sparking another potential delisting from the ...

Upon Valle Wood's completion, it became the largest commercial building of solid timber in Norway. Timber was selected due to its low carbon footprint and for providing a stable, energy-saving indoor ...

The latest offer, received in April, valued the company at around £242m. A year ago, Sidara made a £1.56bn takeover approach before talks collapsed. Wood Group's share price subsequently plummeted.

Ian Wood, who owns a 5.7 percent stake in the company which was founded by his grandfather to repair ships in the early twentieth century, was chief executive of the group between 1967 and 2006.

A team from Wood Group subsidiary, Woodhill Frontier, will provide specialist health, safety and environment skills to the project, which is expected to continue until June 2006.