Nel ASA has entered into a framework agreement with the global consulting and engineering company Wood on April 9. The companies will collaborate to develop and execute large scale, complex green renewable hydrogen projects in select regions across the world.
“We are very excited to be entering into this agreement with Wood, who has extensive experience from large, complex projects worldwide,” Jon André Løkke, CEO of Nel ASA, said. “As green hydrogen projects are growing in size and complexity, it is crucial for our success to have strong partners to strengthen our project management—and execution capabilities. This is a long-term commitment, and we look forward to working together to further strengthen our competitiveness through leveraging our experience and competence.”
Wood is a global leader in consulting and engineering across energy and the built environment, providing consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people.
“We are excited about the opportunity to support NEL Hydrogen as they play their part in the green hydrogen revolution, and as we unite on our commitment to create a more sustainable and cleaner energy future. We look forward to leveraging our global engineering and project implementation capabilities to support our client on their delivery of impactful solutions around the world,” Craig Shanaghey, Wood’s president of operations for Europe, Middle East and Africa, said.
The process of phasing in Wood on ongoing projects is underway.
Recommended Reading
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
ProPetro Reports Material Weakness in Financial Reporting Controls
2024-03-14 - ProPetro identified a material weakness in internal controls over financial reporting, the oilfield services firm said in a filing.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.