Wood Group

The “merger of capabilities” is designed to accelerate growth in the region.

As our industry continues to adapt and evolve to meet the changing needs of our fast-moving world, we see a sizable and growing prize for those who are willing to work and think differently, challenge traditional approaches, forge new working relationships, and act boldly.

The AI partnership combines Wood’s optimization platforms with Cognite’s Data Fusion product to develop solutions for the energy transition and free up data from fragmented and legacy systems.

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.

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 AI-driven tool will detect anomalies in subsea oil and gas infrastructure.

Wood is Shell’s exclusive partner for Shell’s Smart Choke technology, which suppresses riser-induced slugging.

Wood will provide the FEED and design for the offshore project. First oil is anticipated in 2024.

As part of the contract, Wood will provide the topside modifications needed for the Snorre A and Gullfaks A platforms to integrate the Hywind floating wind park with existing systems powering the facilities. The platforms will be the first to receive electric power from floating wind turbines.

Virtual metering technology has been in use for years as a cost-effective means of monitoring production, but what else can it do? How reliable is it as a backup to physical multiphase meters?