Continuing to add billions of pounds of value to the UK economy
Increasing exports from the diversified oil and gas sector to £20 billion each year
Increasing the number of supply chain firms exporting by 50%
Wood recognises the transition from traditional fossil fuels presents an opportunity to further diversify its business while creating a sustainable future for its people and the communities where they operate.
Wood’s journey to broaden its capabilities is clearly aligned with the energy transition and emerging global trends in supply and demand. Wood’s strong heritage in oil and gas combined with an ever-increasing role in the development of renewable power generation and infrastructure, ideally positions the company to meet the needs of a low-carbon future.
"Wood is already active in this space, leading a first-of-its-kind project to reduce CO2 emissions for an international climate change investment fund by designing a gas power plant with carbon capture."
On Scotland’s west coast, Wood is supporting the growth of lower-carbon alternatives by advising on how the existing gas network could be used to transport hydrogen as a fuel for local ferries.
The company is also continuing to support long-standing customers through the energy transition into clean energy. In the Netherlands, Wood recently completed work as owner’s engineer on Shell’s first solar PV plant which will generate power for the onsite chemical facility.