Sir Ian Wood, the billionaire entrepreneur who built the Wood Group into a major force in the North Sea oil and gas industry, has died at the age of 84.
His death marks the loss of one of Scotland’s most prominent business figures and a key architect of the region’s offshore energy infrastructure.
Wood took over the family business and expanded it significantly during the boom years of North Sea exploration.
The Wood Group became synonymous with engineering and project management services for the energy sector, playing a critical role in developing the UK’s offshore reserves.
His wealth and influence made him a central figure in Scottish business circles.
The news arrives as the UK energy sector faces shifting policy dynamics.