{"id":787058,"date":"2023-09-29T08:19:43","date_gmt":"2023-09-29T12:19:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/"},"modified":"2023-09-29T08:19:43","modified_gmt":"2023-09-29T12:19:43","slug":"baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/","title":{"rendered":"Baker Hughes Strengthens Norway Presence with 2 Major Contracts from V\u00e5r Energi"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li>\n          <em>Transformative nine-year contract enhances well intervention and exploration logging services for V\u00e5r Energi<\/em><br \/>\n          \n        <\/li>\n<li>\n          <em>Second order includes advanced subsea production systems<\/em>\n        <\/li>\n<li>\n          <em>Two contracts with V\u00e5r Energi significantly reinforce Baker Hughes\u2019 industry leadership and growth trajectory<\/em><br \/>\n          \n        <\/li>\n<\/ul>\n<p>HOUSTON and LONDON, Sept.  29, 2023  (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday two awards from V\u00e5r Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.<\/p>\n<p>The first contract, a nine-year engagement, is a testament to Baker Hughes\u2019 heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention completed in April 2023. In addition to the interventions scope, Baker Hughes will supply all exploration logging solutions to help V\u00e5r Energi further develop their prospects in the Norwegian Continental Shelf. The agreement enables a seamless integration of Baker Hughes\u2019 market-leading technologies into the wider operations of V\u00e5r Energi, enabling a powerful impact to their carbon reduction efforts.<\/p>\n<p>The second contract with V\u00e5r Energi is to deliver a bespoke Balder field vertical tree system, a Baker Hughes technology selected for the complexities of this field.<\/p>\n<p>This agreement spans 15 years, signifying a trusted long-term Future Agreement (FA) in one of V\u00e5r Energi\u2019s core focus areas, the Balder field. The contract includes the support for existing Balder legacy wells and any future developments in the Balder area. This pivotal engagement is anchored by Baker Hughes\u2019 distinct Norway delivery model, a multimodal site in Dusavik, Stavanger, that ensures a forward-looking local future for Norway\u2019s oil and gas industry.<\/p>\n<p>\u201cBaker Hughes has an extensive and successful history of creating value for customers in Norway and the North Sea,\u201d said Maria Claudia Borras, executive vice president, Oilfield Services &amp; Equipment at Baker Hughes. \u201cThe two long-term contract awards from V\u00e5r Energi enable us to deploy our superior portfolio not only in well intervention, but also in exploration logging and subsea production. Combining our technology, our exceptional regional expertise, and our dedication to a world-class customer experience ensures successful outcomes for both companies.\u201d<\/p>\n<p>\n        <strong>About Baker Hughes<br \/><\/strong>Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward \u2013 making it safer, cleaner and more efficient for people and the planet. Visit us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3A5wYVVNgWvF_Q3b1dAiEHG6ow-ELau4AfefBlx1T2s0TEoNtPFYySx5DImd9pqLU56tz4QdD_wozaLFS4zg42o6rs-nRra9nEMwDknGpRM=\" rel=\"nofollow noopener\" target=\"_blank\">bakerhughes.com.<\/a><\/p>\n<p>\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Media Relations:<\/strong>\n      <\/p>\n<p>Victoria Ingalls<br \/>+1 (346) 269-5764<br \/>victoria.ingalls@bakerhughes.com<\/p>\n<p>\n        <strong>Investor Relations: <\/strong>\n      <\/p>\n<p>Chase Mulvehill<br \/>+1-281-809-9088<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8_NdehQykFmJxK39zH7Qd_w8z5XxpZPntR8oySWmFzs4HKMUIF6uRtDlXLvBAH-hAwp-nsglMwI7Eyr4GLP7QBdVi-60412GTK_bCccC_H8meb9U_4Yaj5ScbI-X-WUExEQxmioFNwaOp4SRcJNA1w==\" rel=\"nofollow noopener\" target=\"_blank\">investor.relations@bakerhughes.com<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDY1NCM1ODM4MzQzIzIwMDU2NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDZmMmMzOGYtMzI1OC00ZjZlLTgyZGQtZTJlYzhlMmYyNDk2LTEwMTcyMTM=\/tiny\/Baker-Hughes-Energy-Services-L.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Transformative nine-year contract enhances well intervention and exploration logging services for V\u00e5r Energi Second order includes advanced subsea production systems Two contracts with V\u00e5r Energi significantly reinforce Baker Hughes\u2019 industry leadership and growth trajectory HOUSTON and LONDON, Sept. 29, 2023 (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday two awards from V\u00e5r Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems. The first contract, a nine-year engagement, is a testament to Baker Hughes\u2019 heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention completed in April 2023. In addition to the interventions scope, Baker Hughes will supply all exploration logging solutions to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Baker Hughes Strengthens Norway Presence with 2 Major Contracts from V\u00e5r Energi&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787058","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Baker Hughes Strengthens Norway Presence with 2 Major Contracts from V\u00e5r Energi - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baker Hughes Strengthens Norway Presence with 2 Major Contracts from V\u00e5r Energi - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Transformative nine-year contract enhances well intervention and exploration logging services for V\u00e5r Energi Second order includes advanced subsea production systems Two contracts with V\u00e5r Energi significantly reinforce Baker Hughes\u2019 industry leadership and growth trajectory HOUSTON and LONDON, Sept. 29, 2023 (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday two awards from V\u00e5r Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems. The first contract, a nine-year engagement, is a testament to Baker Hughes\u2019 heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention completed in April 2023. 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The first contract, a nine-year engagement, is a testament to Baker Hughes\u2019 heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention completed in April 2023. In addition to the interventions scope, Baker Hughes will supply all exploration logging solutions to &hellip; Continue reading \"Baker Hughes Strengthens Norway Presence with 2 Major Contracts from V\u00e5r Energi\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-29T12:19:43+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDY1NCM1ODM4MzQzIzIwMDU2NDA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Baker Hughes Strengthens Norway Presence with 2 Major Contracts from V\u00e5r Energi","datePublished":"2023-09-29T12:19:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/"},"wordCount":441,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDY1NCM1ODM4MzQzIzIwMDU2NDA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-strengthens-norway-presence-with-2-major-contracts-from-var-energi\/","name":"Baker Hughes Strengthens Norway Presence with 2 Major Contracts from V\u00e5r Energi - 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