Baker Hughes News


Industry Leaders Set to Discuss Future of US Offshore CCS Market

May 16, 2025

National Ocean Industries Association (NOIA) and the Offshore Operators Committee (OOC) are organizing fourth annual Offshore CCS & Emerging Technologies Symposium, where industry leaders will gather to discuss the future of U.S. carbon capture and storage (CCS) projects…

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

May 15, 2025

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday.KUFPEC will invest about $1.54 billion to…

Aramco Inks Multiple Deals with US Firms Worth $90B

May 15, 2025

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed 34 memoranda of understanding (MoUs) and agreements, with a potential total value of approximately $90 billion, with major U.S. companies.The MoUs and agreements…

SLB Misses Profit Estimates for First Quarter of 2025

Apr 25, 2025

Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty…

Preview: Japan Energy Summit & Exhibition 2025

Apr 11, 2025

From June 18-20, 2025, the Japan Energy Summit & Exhibition will return to Tokyo Big Sight, convening global energy leaders, influential policymakers, and industry executives to advance Japan’s energy transition, investment landscape, and strategic role in the global energy system…

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Apr 04, 2025

Japan's Eneos Drilling, a subsidiary of Eneos Xplora, has entered into a drilling contract with Japan Vietnam Petroleum Company for the jack-up rig HAKURYU-14, for work offshore Vietnam.The rig will be deployed Block 15-2, offshore Vung Tau…

Equinor Picks Team for Multi-Well P&A Ops Off Norway

Mar 28, 2025

Equinor has awarded a three-year contract for well plugging on its operated fields on the Norwegian continental shelf (NCS) to Island Drilling for its Island Innovator semi-submersible rig, and hired Archer and Baker Hughes to provide plugging services…

Canada Backs Cedar LNG Project with up to $140M Investment

Mar 24, 2025

The government of Canada has supported the Cedar LNG project, being developed by the Haisla Nation and Pembina Pipeline Corporation, with up to $140 million as part the strategic agreement under the Strategic Innovation Fund (SIF).The $4 billion…

Apollo to Pay $1B for 25% Stake in BP Pipelines

Mar 21, 2025

U.S.-based asset management firm Apollo will purchase the 25% non-controlling shareholding in BP Pipelines (TANAP), which holds BP’s 12% interest in the Trans-Anatolian natural gas pipeline (TANAP) that carries natural gas from Azerbaijan across Türkiye…

Baker Hughes to Deliver Completions Systems for Petrobras’ Offshore Field

Mar 20, 2025

Energy technology company Baker Hughes has signed a multi-year agreement with Petrobras to deliver fully integrated completions systems for its offshore deepwater fields.The award followed an open tender and will leverage Baker Hughes’ innovative…

ADNOC Drilling Seeks Ways to Refinance $1.25B Debt

Feb 14, 2025

ADNOC Drilling, a unit of the United Arab Emirates' state oil giant, is looking to refinance debt maturing later this year worth an overall $1.25 billion, its chief financial officer said on Friday.The company will refinance a term loan worth…

T12 Engineering Expands Oil and Gas Services to Norway

Feb 13, 2025

T12 Engineering has established a new office in Oslo, marking a significant step in its strategic expansion into Norway’s oil and gas market.The specialist U.K. firm is targeting independent owner-operators in Norway’s oil and gas sector looking…

Baker Hughes Launches All-Electric Subsea Production System

Feb 06, 2025

Energy technology company Baker Hughes has launched its new all-electric subsea production system, the industry’s first fully electric topside-to-downhole solution for offshore operations.The modular system allows for existing tree designs to be seamlessly updated for electric operations…

Baker Hughes Hooks Chemicals Supply Deal for ExxonMobil’s Guyana FPSOs

Feb 03, 2025

Energy technology company Baker Hughes has secured a contract from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s Stabroek Block.The multi-year contract includes all topsides…

Current News

TotalEnergies Joins APA and Petronas in Suriname’s Offshore Block

Shell, Equinor Unveil Name of UK North Sea’s Largest Oil and Gas Producer

Siemens Gamesa Talks European Production with Chinese Rare Earth Suppliers

Sierra Leone Awaits Seismic Survey Results Ahead of Possible Oil and Gas Round

Subscribe for OE Digital E‑News

Offshore Engineer Magazine