LONDON, May 14 (Reuters) - British energy services companyWood Group said on Wednesday its growth outlook for 2014remained on track thanks to strong demand for its productionservices in the North Sea and U.S. shale.
Wood Group said market conditions have remained broadlyunchanged in recent months and earnings were expected to rise in2014 with growth in the production services (PSN) segmentoffsetting a weaker engineering sector.
"In the North Sea demand remains strong and we arebenefiting from significant contract renewals secured in 2013,"Wood Group said in an interim management statement.
Performance in the Americas has been led by further growthin the US shale-related business, including the benefit ofWyoming-based services firm Elkhorn, which it acquired lastNovember. (Reporting by Ron Bousso; editing by Kate Holton)
Wood Group (J) (WG.)
