Baker Hughes News


US Drillers Add Oil and Gas Rigs for First Time in Four Weeks

May 20, 2024

U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by one to 604 in the week to May 17…

Gulfstream LNG Projects Receives FERC Approval to Start Pre-Filling Process

May 20, 2024

Gulfstream LNG Development (Gulfstream LNG), a greenfield liquefied natural gas (LNG) export project under development in Louisiana, has received the U.S. Federal Energy Regulatory Commission (FERC) approval to start the pre-filing permitting process…

CGG and Baker Hughes Form CCS Alliance

May 08, 2024

French marine seismic firm CGG has signed a memorandum of understanding (MoU) with U.S. energy services giant Baker Hughes to facilitate the parties exploring jointly offered carbon capture and storage (CCS) solutions.The collaboration and proposed…

CBED Signs Up Siemens Gamesa for Wind Creation SOV’s First Job

Apr 24, 2024

Danish shipowner CBED has signed a contract with Siemens Gamesa for the first offshore wind project for its new SOV Wind Creation as part of the CBED fleet.With the new walk-to-work project, the SOV joins commissioning an offshore wind farm in the Netherlands…

Mocean Energy’s Blue X Wave Device and Verlume’s Halo Battery Come Ashore

Apr 23, 2024

Mocean Energy’s Blue X wave energy converter, with project partner Verlume’s Halo storage system, have been retrieved to shore after more than 12 months of testing at sea as part of Renewables for Subsea Power (RSP) project.Orkney-based marine…

Oilfield Firm SLB's Profit Rises on International Drilling Demand

Apr 19, 2024

Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, as strong international oil and gas drilling demand helped offset a slowdown in North America activity.Companies such as SLB have gained from a rise in demand…

Akastor’s Subsidiary Wins $101M Case Against Seatrium's Jurong Shipyard

Apr 18, 2024

MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium’s subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts…

Búzios Field Hits 1 Billion Barrels of Oil Production Offshore Brazil

Apr 18, 2024

Petrobras, in a consortium with CNOOC, CNODC, and PPSA, has marked a new milestone with the Búzios field, which has reached 1 billion barrels of oil (bbl) produced since the start of operations in 2018.The milestone was reached on March 31,…

Baker Hughes to Supply Electric Liquefaction Tech for Canada’s LNG Scheme

Apr 05, 2024

Baker Hughes has secured a contract from Black & Veatch to supply a Cedar LNG project in Canada’s British Columbia with electric driven liquefaction technologies.Baker Hughes will supply a range of turbomachinery equipment, including four electric-driven main refrigeration compressors…

Cedar LNG Inks 20-Year Commercial Offtake Deal and Proceeds with FLNG Design

Apr 05, 2024

Cedar LNG has issued a notice to proceed with the engineering, procurement, and construction (EPC) of floating LNG production unit to Samsung Heavy Industries (SHI) and Black & Veatch, following the signing of a 20-year offtake agreement with ARC Resources…

Baker Hughes: US Drillers Cut Oil and Gas Rigs for Second Week In A Row

Mar 29, 2024

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said in its closely followed report on Thursday.The oil and gas rig count…

Baker Hughes and BP Reach Flare Emissions Monitoring Breakthrough

Mar 14, 2024

Using Baker Hughes’ emissions abatement technology, BP has started quantifying methane emissions from its flares in a new application for the upstream oil and gas sector.With no universally accepted solution to quantifying methane emissions from flares…

Wave-Powered Subsea Project Completes 12-Month Offshore Test Campaign

Mar 05, 2024

A groundbreaking ocean energy project, which has combined wave power with subsea energy storage to power subsea equipment, has now completed a 12-month test program at sea and will end this spring.The $2.5 million (£2 million) Renewables for…

Baker Hughes Grabs Petrobras’ Well Construction Job at Búzios Field

Feb 21, 2024

U.S. oilfield services giant Baker Hughes has secured a ‘significant contract’ from Petrobras for integrated well construction services in the Búzios field, offshore Brazil.The integrated services project is set to start in the first half of 2025 and will include drilling services…

OEG Renewables Launches Wind Turbine Blade Maintenance Division

Feb 13, 2024

OEG Renewables (OEGR), an OEG Energy Group business, has through its Specialist Marine Consultants (SMC) subsidiary added a new division dedicated to blade maintenance and repair services in the wind turbine market, which will operate under the name SMC Blades Limited…

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