Oilfield service firms Schlumberger and Baker Hughes are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade…
U.S. energy services firm Baker Hughes Co on Tuesday said regulatory frameworks are needed to help spur the growth of energy transition technologies, such as hydrogen, as its top executive called on regulators to create incentives to reduce emissions…
Oilfield services company Baker Hughes has won a subsea oilfield equipment contract with the Brazilian oil company Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. Baker Hughes will supply…
Oilfield equipment and services provider Baker Hughes Co top boss on Wednesday reiterated he is 'cautiously optimistic' about oil demand recovering this year from the coronavirus blow, echoing a view he shared on the company's last earnings call…
Oilfield services giant Baker Hughes and the Norwegian 'carbontech' start-up, Horisont Energi have signed an agreement to jointly explore development and integration of technologies for the Polaris carbon storage project in the Barents Sea, offshore Norway…
Offshore oilfield services giant Baker Hughes has said it has reached a significant technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments…
Oilfield services giant Baker Hughes and Norway's Akastor on Monday said they would create a joint venture that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth).MHWirth provides advanced drilling solutions and services…
Baker Hughes and C3 AI on Friday announced an artificial intelligence (AI) collaboration with the Malaysian oil and gas firm Petronas.Under the agreement, the two companies will deploy their joint BakerHughesC3.ai (BHC3) technology across Petronas' strategic digital transformation programs…
Oilfield services giant Baker Hughes has launched what it calls engageSubsea remote – an extension of its engageSubsea platform - which serves as an equipment inspection tool, technical support, and operational management platform.Baker Hughes…
Baker Hughes Co reported a third straight quarterly loss on Wednesday, as a coronavirus-induced slump in commodity prices continued to hurt demand for equipment and services.Producers have been drilling fewer wells following a collapse in crude…
Oilfield services company Baker Hughes has launched a vessel-deployed subsea wellhead cutting system called the Terminator.In what Baker Hughes says is 'a first-of-its-kind mechanical wellhead removal method', the Terminator system has already…
Oilfield services giant Baker Hughes has received a large order from Qatar Petroleum to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum’s giant North Field East (NFE) project. The North Field is the world’s single largest non-associated offshore natural gas field…
Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive said on Tuesday.The company will continue to downsize its oilfield services and equipment portfolio…
Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue to rein in costs in preparation for a longer period of volatility in oil prices.Oil producers halted the drilling of new wells and drastically…
Oilfield firm Baker Hughes Co reported a $10 billion loss and lower-than-expected revenue in the first quarter on Wednesday as an 80% plunge in oil prices crushed demand for services and equipment.Oil futures this week turned negative for the…
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