Upstream news

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.

New solutions expand on Baker Hughes’ digital ecosystem, providing new levels of efficiency, performance and emissions reduction for oilfield, gas and industrial segments.

The American Petroleum Institute (API) has announced the promotion of Holly Hopkins to Vice President of Upstream Policy.

The company has secured new projects in Africa, Norway, Thailand and Singapore, while strengthening ties to an existing client in Malaysia.

Offshore Energies UK (OEUK) has warned that more action is needed from both government and industry to support supply chain companies in playing a critical role in sustaining oil and gas activity while helping to build the UK’s low-carbon future energy systems.

The well is being drilled by KCA Deutag, with final depth of around 4700 m expected to be reached in June this year.