11th Dec 2025 14:10
John Wood Group PLC - Aberdeen, Scotland-based oilfield services and engineering consulting firm - Inks 10-year contract with NextDecade to deliver maintenance solutions at Rio Grande LNG, a "major" natural gas liquefaction and export facility under development near Brownsville, Texas. "Wood will provide comprehensive maintenance services to support safe, reliable operations at the approximately 1,000-acre site. NextDecade expects the liquefaction and export facility will deliver secure and affordable energy through the safe and efficient development and operation of natural gas liquefaction capacity," John Wood says.
Steve Nicol, executive president of Operations at John Wood says: "This contract boosts Wood's position in the US liquefied natural gas export market and reinforces our commitment to supporting the expansion of US LNG capability. With over 50 years of experience maintaining US Gulf Coast facilities, we will support NextDecade to ensure safe and reliable LNG production in Texas."
Current stock price: 23.96 pence, down 0.2% on Thursday afternoon in London
12-month change: down 65%
By Tom Budszus, Alliance News slot editor
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