Equinor

The latest agreement between Wood and Equinor will begin January 2021. The contract follows recent agreements between the two companies for the Breidablikk development in the Norwegian Continental Shelf.

The memorandum of understanding with Microsoft follows a conditional investment decision made in May by Equinor, Shell, and Total. Pending Norwegian government approval, the final investment decision for the project is expected in late 2020 with startup expected in 2024.

One year after the Johan Sverdrup field came on stream, Equinor says digital technology has proven to be key to safety and value in all parts of the operation, increasing earnings by more than $200 million.

Equinor plans to cut its global exploration staff by 30% in the next 3 years and plans to drill 30–40 wells globally this year. Ongoing labor strikes have led to the operator shutting in four of its platforms.

Equinor awarded multimillion-dollar contracts to Aker Solutions and Wood for work on the oil field in the Norwegian Continental Shelf. It said about 70% of the contracts for the development phase is expected to go to Norwegian companies.

The contract is for Equinor’s unmanned process platform at the Krafla field in the North Sea, with plans for tie-in to an Aker BP host platform in the North of Alvheim area.

Two of Europe’s largest oil and gas producers will lead four offshore wind projects that together have the potential of powering 2 million homes.

An analysis of existing wells in the Martin Linge field, conducted by Equinor when it took over as operator from Total, revealed that several did not have sufficient barriers, leading the company to plan new wells to ensure safe operation.

Winning innovators focused on environment, safety, and operational efficiency.

The Norwegian company completed what it describes as the world’s first logistics operation with a drone to an offshore installation.