International energy services company Wood Group is on track to meet full year expectations, after seeing good growth in the first four months of 2011.In the Engineering division, the group is seeing increased volumes in its upstream projects, though some projects continue to experience delays. The sub-sea and pipeline business continues to sparkle, especially in Australia, but the downstream, process and industrial market remains soft.In the Production Facilities business, the group described activity levels in the North Sea as "reasonable". Project related activity has been healthy, although Wood Group sees the potential for projects to be delayed as field economics are reassessed.The group is experiencing strong demand in the US for its onshore services, while offshore, the Gulf of Mexico has been steady. Performance in Australia and Oman, however, has been affected by slower than anticipated start up on certain contracts.The Gas Turbine unit is benefiting from cost reduction measures, with an improving outlook for Wood's services in the power market. Demand for oil and gas maintenance activities remains reasonable, but performance has been depressed by test cell downtime and overhaul delays in the Middle East and North Africa.Shareholders hoping for more details on the group's proposal to return cash to shareholders following the disposal of its well support unit in February will have to wait a bit longer, as the group intends to update the market on this, including the mechanism to be used, later in May."The long term fundamentals for oil & gas and gas fired power generation remain strong and we believe the refocused group is well positioned to deliver good longer term growth," chairman Sir Ian Wood said. ---jh