Baker Hughes News

 

Apollo Takes Share of BP’s Trans Adriatic Pipeline in $1B Deal

Sep 16, 2024

BP and Apollo have entered into an agreement for Apollo-managed funds to purchase a non-controlling stake in BP Pipelines TAP Limited, BP’s subsidiary that holds a 20% share in Trans Adriatic Pipeline (TAP), in a transaction valued at approximately $1 billion…

Passive Monitoring Systems Deployed for Australian Projects

Aug 22, 2024

Sentinel Subsea has deployed monitoring systems in Australia to support the decommissioning of subsea assets for a major client in collaboration with Baker Hughes.Two of the company’s passive subsea integrity monitoring systems, WellSentinel™ Coral…

Ultra-High Pressure Oil Wells Could Unleash another 2B Barrels from GOM

Aug 18, 2024

U.S. energy firms last week cut oil and natural gas rigs for the second time in three 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, fell by two to 586 in the week to Aug…

US Drilling Firms Grow Oil and Gas Rig Count

Aug 12, 2024

U.S. energy firms this week added oil and natural gas rigs for the third 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 two to 588 in the week to August 9…

Baker Hughes Beats Quarterly Profit Estimates on International Demand

Jul 30, 2024

Oilfield services firm Baker Hughes beat analysts' estimates for second-quarter profit on Thursday, powered by higher demand for its drilling services and equipment in international markets.The results echo those from SLB and Halliburton, as…

Baker Hughes Bets on Foreign Demand

Jul 28, 2024

Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.However, the company raised its full-year revenue and profit estimates…

The Strategic Shift to Subsea Tiebacks

Jul 18, 2024

A potentially cost-effective, efficient means to develop remote oil & gas fieldsSubsea tieback projects are transforming the offshore oil and gas industry by enabling efficient extraction from remote fields and satellite reservoirs, an approach aiming to significantly reduce capital…

French Company Secures Work On $4B Cedar FLNG Scheme

Jul 16, 2024

Samsung Heavy Industries has hired French engineering company GTT for tank design of a new floating liquefied natural gas (FLNG) unit as part of $4 billion Cedar LNG project in Canada.As part of the contract with Samsung Heavy Industries, GTT will design the tanks of the FLNG…

Fulcrum LNG to Pair with McDermott, Baker Hughes for Guyana Gas Project

Jun 27, 2024

A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott, the country's vice president said on Thursday.Guyana's President…

Developers Make FID for Canada’s $4B Floating LNG Project

Jun 26, 2024

Cedar LNG, the partnership between Haisla Nation and Pembina Pipeline Corporation, have made a final investment decision (FID) on the Cedar LNG project, a floating liquefied natural gas (FLNG) facility with a nameplate capacity of 3.3 million tonnes per annum (mtpa)…

Baker Hughes Gets Multi-Year P&A Contract from Petrobras for Fields Off Brazil

Jun 10, 2024

U.S. oilfield services giant Baker Hughes has secured a contract from Brazil state-owned oil and gas major Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.The multi-year project…

Chevron Extends Shelf Drilling's Jack-Up Stay in West Africa

Jun 05, 2024

Offshore drilling firm Shelf Drilling has secured a contract from Chevron's Angola subsidiary for its Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa.The total added value of the contract is $66 million, according to Shelf Drilling…

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…

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