Forum Energy Technologies (FET) has secured a significant order from DOF Subsea to deliver four of its advanced work-class remotely operated vehicles (ROVs).
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 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.
New solutions expand on Baker Hughes’ digital ecosystem, providing new levels of efficiency, performance and emissions reduction for oilfield, gas and industrial segments.
The well is being drilled by KCA Deutag, with final depth of around 4700 m expected to be reached in June this year.
Production from the Njord field in the Norwegian Sea has resumed, following an upgrading project in which both the platform and the floating storage and offloading vessel (FSO) were brought ashore.
At this early cleanup stage, Alkaid #2 is delivering hydrocarbon liquid rates near expectations over the 4000 ft unblocked section, with gas rates well above original prognosis.
EnQuest and Equinor sanctioned for exceeding flaring permits while Spirit Energy was fined for breaching production limits.
Rudranil Roy Sharma, Director, Energy & Environment Practice, Frost & Sullivan writes an overview of the current Oil & Gas sector in the MENA Region.