Baker Hughes News

 

Baker Hughes Hooks Technology Supply Order for Venture Global LNG

Jan 31, 2025

Energy technology company Baker Hughes has signed a major contract to provide modularized liquefied natural gas (LNG) system and power island to support Venture Global (VG) LNG projects in the United States.Baker Hughes has also signed a multi-year services frame agreement…

Baker Hughes: US oil & gas rig count at lowest since Dec 2021

Jan 24, 2025

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count…

Flare Gas Recovery Meets the Future

Dec 26, 2024

Flare gas recovery lies at the heart of a range of integrated, new emissions abatement technologies.The World Bank’s 2015 launch of the Zero Flaring by 2030 initiative saw flare gas recovery become a standard part of many topside production processing systems…

Subsea Redesign Underway for Floating Offshore Wind

Dec 23, 2024

The 66kV high voltage wet mate connector currently undergoing technical qualification by Baker Hughes weighs in at around one ton and has over 40 liters of dielectric oil protecting copper cable up to 1,200 square millimeters in diameter.The…

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

Dec 10, 2024

Kuwait Foreign Petroleum Exploration Company (KUFPEC) is looking at more oil and gas opportunities in Indonesia's Natuna Sea, its country representative said on Monday, with Indonesian President Prabowo Subianto looking to boost the country's production…

Brava Energia Awards $200M Equipment Supply Contracts for Brazil Offshore Fields

Nov 26, 2024

Brava Energia has signed contracts, worth approximately $200 million, for the integrated campaign in Atlanta and Papa-Terra fields, with an option to develop Malombe through a tieback to Peroa, offshore Brazil.The campaign will begin in the fourth quarter of 2025…

Uncertainty Surrounds Guyana Gas Development

Nov 25, 2024

Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that could cost up to $30 billion. Year-old Fulcrum LNG faces financing hurdles that could derail its selection…

Baker Hughes: US Rig Count Remains Steady

Nov 08, 2024

U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged for a record third week in a row, according to energy services firm Baker Hughes' data going back to 1987.The oil and gas rig count, an early indicator of future output…

Halliburton Misses Profit Estimate Following Damaging Cyber Attack

Nov 08, 2024

Halliburton third-quarter profit missed Wall Street estimate on a previously disclosed cyber hack that forced the oilfield services provider to pause a share repurchase program, executives said on Thursday.The company's shares fell 5.3% to $28…

Black & Veatch, Baker Hughes Combine Tech for Optimized Mid-Scale LNG Solution

Nov 05, 2024

Black & Veatch and Baker Hughes have signed a collaboration agreement to combine their technologies into a mid-scale liquefied natural gas (LNG) solution offering that can be used in both onshore and offshore applications.The companies will…

Petrobras Hires Baker Hughes to Supply Flexible Pipe Systems for Brazil Oil Fields

Oct 28, 2024

Energy technology company Baker Hughes has signed ‘significant’ contracts with Petrobras to provide flexible pipe systems that will be deployed across several oil and gas fields offshore Brazil.Baker Hughes will provide 77 km of flexible pipe systems…

Baker Hughes Profit Beats Estimates Driven by International Drilling Demand

Oct 23, 2024

Baker Hughes beat Wall Street estimates for third-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and oilfield technology in international markets.The robust activity in several international markets have helped…

Subsea Digitalization: Remote Control

Oct 21, 2024

The more production infrastructure we push to the seabed, the more data we need to pull back up. With it comes opportunity.Chevron’s landmark 6,500 tons of subsea gas compression infrastructure for Jansz-Io demonstrates the scale of what is being put on the seabed…

Baker Hughes and Repsol to Optimize Oil and Gas Production using AI

Oct 14, 2024

Energy technology company Baker Hughes and oil and gas major Repsol have signed an agreement to collaboratively develop and deploy next-generation artificial intelligence (AI) tool to optimize processes and workflows for oil and gas production…

CBED’s Wind Evolution CSOV to Stay a Little Longer with Hughes Subsea

Oct 08, 2024

Danish shipowner CBED has secured a one-year contract extension with Hughes Subsea, an OEG Renewables company, for its Wind Evolution commissioning service operation vessel (CSOV).Only six months into the Wind Evolution’s first contract with Hughes Subsea…

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