Equinor awards contract worth NOK 8 billion to Aibel

Equinor has, on behalf of the Snøhvit partnership, awarded Aibel a major contract for Hammerfest LNG modifications in connection with the Snøhvit Future project. The contract is subject to governmental approval of the project.
Aibel has been awarded an EPCI contract that involves engineering, procurement, construction and installation of two new processing modules related to the onshore compression and electrification of the Melkøya plant. They will also build a new receiving station for power from shore and carry out integration work at the plant.
The contract is an option in the FEED contract (front-end engineering and design) awarded to Aibel in September 2020.

“Aibel has been one of our main suppliers for Hammerfest LNG since the start-up in 2007. They know the plant well, have set up a local department in Hammerfest, and have solid experience from other major modification projects on plants while on stream. I therefore have high expectations of them doing a good job safely. This contract will have major ripple effects locally, regionally and nationally,” says Mette H. Ottøy, Equinor’s chief procurement officer.
Aibel will also carry out further upgrades of existing systems at Hammerfest LNG to make the plant more resilient for extended life until 2050.
This year and next, Aibel will award several major contracts to its subcontractors for work at the plant and will facilitate the use of local suppliers in several phases of the project, including construction. The engineering/design work starts immediately.
Aibel will carry out large, complex modifications at Hammerfest LNG. They will also build larger modules at their yards and most of the work will be carried out in the period of 2024-2026.
The largest project at Melkøya since the plant came on stream Snøhvit Future will create significant ripple effects. It is expected that about 70 percent of the value creation will go to Norwegian companies, and more than a third of this to Northern Norway. Regional employment during the project period is estimated at 1 680 person-years (5 400 person-years nationally).
The Snøhvit Future project consists of online compression and electrification of Hammerfest LNG at Melkøya. As the pressure drops in the reservoirs, compression is required to ensure sufficient flow of the gas to the plant. The project will extend plateau production and ensure high gas exports, jobs and ripple effects also after 2030, while reducing CO2 emissions from the plant by 850,000 tonnes annually, corresponding to 2 per cent of Norway’s total emissions. The Norwegian parliament has decided to reduce Norwegian emissions by 55 per cent by 2030.
NOK 13.2 billion will be invested in the Snøhvit Future project, ensuring continued operation of the plant towards 2050.
Related News.
October 20, 2026
5th CSN Greece ICT Conference, Athens 19th November 2026 “Intelligent Skies, Secure Seas: The AI Impact on ICT” – Save the date
About the Conference The 5th CSN Greece Shipping ICT Conference, titled “Intelligent Skies, Secure Seas: The AI Impact on ICT”, will take place on…
October 20, 2026
Maritime piracy incidents remain at historic lows despite Somali piracy concerns
The ICC International Maritime Bureau (IMB) has reported the lowest level (51) of piracy and armed robbery incidents since 1992 in the first nine…
October 20, 2026
Piraeus Port Authority main sponsor of Ferry Shipping Summit 2026
With the participation of more than 200 delegates from several European countries, the Ferry Shipping Summit 2026 took place on 8–9 October 2026 in…
October 20, 2026
EuroDry announces order for the construction of a third modern 82,000 DWT Kamsarmax Bulk Carrier
EuroDry , an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced that it has signed a…
October 20, 2026
India urges Russia, Ukraine to protect Black Sea shipping
India has urged both Russia and Ukraine to ensure safe passage for commercial shipping through the Black Sea as attacks on merchant vessels put…
October 20, 2026
PD Ports strengthens its commitment to the River Tees with multi-million pound Marine investment
PD Ports has officially opened a new multi-million-pound Marine facility on the banks of the River Tees, reinforcing its long-term commitment to the…
October 20, 2026
Maritime leaders head to Shanghai for the Annual Summit 2026
Shared seas, shifting horizons Maritime trade stands at a turning point. The rules-based order on which shipping has long depended is under…
October 20, 2026
Indian Register of Shipping grants type approval to Medha Energy’s 92 kWh LTO Lithium-Ion battery system
Indian Register of Shippinghas successfully completed the Type Approval process for the 92 kWh Lithium-Ion Battery System developed by M/s Medha…
October 20, 2026
KLine opens a Singapore New Hub for Consolidated Ship Management and Maritime Talenτ
Three Companies, One Roof — Singapore's New Hub for Consolidated Ship Management and Maritime Talenτ A ceremony for around 280 guests sets the stage…
October 20, 2026
ASA explores measures to Safeguard Free and Safe Navigation at Critical International Maritime Chokepoints
The Asian Shipowners’ Association which accounts for 56% of the world’s fleet capacity and consists of China, Cook Islands, Hong Kong, Japan, Korea…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























