Drilling & production

The company is expanding its service roster in the North Sea as it looks to replicate its drilling services success in the Middle East and Asia.

The company has been participating in the underlying technology development related to the development of shallow methane hydrate harvesting technology conducted by the National Institute of Advanced Industrial Science and Technology.

The company was awarded US$50 000 at the Daniel Energy Partners BBQ Cook-Off in September after being named Grand Champion of the event. The prize money was to be contributed to a charity of the winner’s choice.

The latest analysis from McKinsey and Company (McKinsey) reveals that a fresh wave of M&A is expected in the North American upstream market, fuelled by high operating free cash flows.

CEO Mario Mehren described 2022 as an extremely challenging year which brought significant change for the company.

The company has acquired a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for US$1.4 billion.

The new state-of-the-art facility consolidates office space with warehouse in one location.

Forum Energy Technologies (FET) has secured a significant order from DOF Subsea to deliver four of its advanced work-class remotely operated vehicles (ROVs).

The company has entered into an agreement with Liwathon for the sale of the Equinor South Riding Point oil terminal at the Grand Bahama Island in the Bahamas.

The MoU covers several areas such as project financing, funding, and the development of a complete value chain for CO2 handling.

Operations and maintenance (O&M) represented 55% of the total contracts in 4Q22, followed by procurement with 19%, and contracts with multiple scopes, such as construction, design and engineering, installation, O&M, and procurement, accounted for 13%.

The companies have signed a multi-year framework agreement to decommission wells in the North Sea, as part of the decommissioning specialist’s Plug and Abandonment Club offering.

Neptune Energy has welcomed Equinor’s announcement, on behalf of the Snøhvit partnership, to award a major contract for the Snøhvit Future project in Norway to Aibel. ?

The new technology is a result of a collaborative research and development project with Net Zero Technology Centre and Spirit Energy.

The seventh annual Global Energy Talent Index has revealed that the recent gas price crisis has transformed oil and gas into the most popular sector for energy workers to join and has sent salaries soaring above pre-pandemic levels.