LNG

March 20 (LNGJ) - Wood Group, the energy services and LNG project company that completed the US$2.8-billion acquisition in October 2017 of London-listed peer Amec Foster Wheeler, posted a $30 million loss for the year. Wood said operating profit before one-time items was $212M compared with $244M the previous year, a fall of 13 percent. Revenues from continuing operations amounted to $5.39Bln in 2017. “The acquisition of Amec Foster Wheeler in October brought together two businesses and three brands to create Wood, a global leader in project engineering and technical services delivery,” said Robin Watson, Wood Chief Executive. “We are a broader business with multi-sector, full-service capability across energy and industrial markets and have a stronger, more balanced offering in oil and gas,” added Watson.