The oil and gas company has stressed it remains committed to Montrose despite the move, which it said was taken after an “extensive review”.
Simonelli said natural gas would be both a bridge and a destination fuel in the energy transition.
A cohort of major energy sector names have rushed to back renewables developer Zhero Europe in its latest funding round.
Baker Hughes, working with NOV, will also carry out the directional drilling and logging while drilling (LWD) contracts.
The trade body, Offshore Energies UK (OEUK), has announced the appointment of Apache, Baker Hughes and NSMP representatives to its board.
Phase 2 will involve the use of an existing FPSO. Production is due to start by the end of 2024. This will allow Eni to export oil, while it will send gas onshore via a pipeline to power plants.
Baker Hughes will buy a minority holding in hydrogen and ammonia developer ATOME, and will become a partner in its flagship project in Paraguay.
The demolition of an energy service firm’s former building in Aberdeen has begun.
JGC and SHI won the $3 billion engineering, procurement, construction and commissioning (EPCC) contract for the ZLNG project in December. The nearshore unit will be based in Sabah.
Baker Hughes has kicked off first quarter earnings for the oilfield services giants.
Baker Hughes (NASDAQ: BKR) and Ocean Installer have announced a global contracts team-up.
The demonstration project will use DAC or CO2 captured from industrial emitters. Santos aims to use its existing infrastructure to “generate, liquefy and export” e-methane to Japan.
Scottish technology developers are working together on an ambitious project linking wave power and energy storage to power vital subsea equipment.
The UK’s competition watchdog has cleared Baker Hughes’ bid to acquire wells specialist Altus Intervention following the sale of a key division, nearly a year after the deal was announced.
Archer has signed definitive agreements with Baker Hughes to acquire its UK coil tubing and pumping (CT&P) business, after a competition investigation prompted the sell-off.
Cambo is positive, Rosebank is positive, says Romain Chambault of Baker Hughes, but Harbour Energy’s windfall tax announcement shows the price of poor policy.
Oilfield services giant Baker Hughes has admitted shipping equipment to Russia months after sanctions were announced in the wake of the invasion of Ukraine.
BP (LON: BP) has said it is on course to deliver five “resilient hydrocarbon” projects this year, as it prepares to report its results for 2022.
Oilfield services giant Baker Hughes (NASDAQ: BKR) has signed a pact with Australia’s Fortescue Future Industries (FFI) to jointly explore development of green hydrogen and geothermal energy.
Baker Hughes (NASDAQ: BKR) capped its big restructuring year of 2022 with “record” orders during Q4.
A pair of firms are making a play for Baker Hughes’ coil tubing and pumping business, potentially paving the way for its takeover of rival Altus Intervention.
Baker Hughes will supply carbon dioxide (CO2) compression equipment to Petronas Carigali’s Kasawari offshore carbon capture and storage (CCS) project in Sarawak, Malaysia, after winning a deal with Malaysia Marine and Heavy Engineering (MMHE).
An initiative aiming to demonstrate the ability of green energy to power subsea oil and gas infrastructure is taking shape in the north of Scotland.
The UK’s competition regulator says Baker Hughes’ proposed sale of coiled tubing and pumping assets may be enough to clear its concerns over the acquisition of rival Altus Intervention.
Baker Hughes' (NASDAQ: BKR) takeover of Altus Intervention could lead to “higher prices, reduced choice and lower quality services” in the UK oil and gas sector, competition authorities have warned.