The construction industry is facing a severe shortage of qualified professionals, despite a decline in demand. Companies are implementing training programs and forming partnerships with colleges to address the workforce gap and ensure sustainable growth.
Norway is actively advancing the implementation of subsea connections in the oil and gas sector, which helps accelerate the development of new fields and reduce costs. Major operators such as Equinor plan to launch dozens of similar projects in the coming years, opening up new opportunities for contractors and strengthening the country's position in the global energy market.
Despite the increasing number of data center construction projects, their implementation is often delayed due to challenges with permits, zoning, and equipment supply. Successful completion requires strategic planning, and the industry is placing greater emphasis on sustainability and energy efficiency.
A new floating production, storage, and offloading unit (FPSO) is planned to be installed at Malaysia’s Kikeh field, replacing the outdated platform. The project is being carried out by a consortium from India and Malaysia, with commissioning expected after 2028.
Equinor has signed agreements with 18 contractors for well maintenance services worth approximately 17 billion Norwegian kroner, aiming to sustain production at 1.2 million barrels per day until 2035. Around 2,500 specialists will participate in these projects, and the new wells are expected to provide up to 70% of the company’s production by 2035.