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Global demand for oilfield services (OFS), measured in the total value of exploration and production (E&P) company purchases, is set for a massive 25% yearly drop in 2020 as a result of the Covid-19-caused downturn, a Rystad Energy analysis shows.

Aker Solutions has developed a modified workover system that enables faster and more cost-effective planned interventions. The concept will first be applied on Equinor’s Visund field in the North Sea.

Aker BP, on behalf of the Wellhead Platform Alliance, has awarded liquid handling and pump specialist PG Flow Solutions a contract to supply a number of pump systems for the normally unmanned wellhead platform to be used at the planned Hod field development in the North Sea. 

Fugro has won a 3-year inspection, repair and maintenance (IRM) contract with SEAMEC LIMITED (Seamec) to support their asset management project for ONGC off the west coast of India. Fugro will provide Seamec with work class remotely operated vehicle (ROV) services for 3 years from mid-June, with the option of a 2-year extension.

Neodrill,  a leader in pre-rig technology solutions, has together with Baker Hughes, a leading energy technology company, performed the world’s first cut and recover operation for Wintershall Dea Norge in the Norwegian Sea. Rig time was reduced by an estimated 12 hours, with work to cut the surface casing moved off the critical path of the rig schedule.

Maersk Drilling is joining a new CO2 storage consortium formed by INEOS Oil & Gas Denmark and Wintershall Dea. The consortium is maturing one of the most progressed carbon capture and storage projects inside Danish jurisdiction and targets the development of CO2 storage capacity offshore Denmark based on reusing discontinued offshore oil and gas fields for permanent CO2 storage.

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