Senior figures in the energy industry have underlined the need for a “stable regime” ahead of a key vote in Westminster today.
Equinor is extending contracts with oilfield services giants Baker Hughes, Halliburton and Schlumberger for integrated drilling and well services on the Norwegian continental shelf (NCS).
Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal, aimed at reducing the number of rig trips needed for well installations – and saving up to half a million dollars per rig.
Baker Hughes reported lower than expected first-quarter earnings and said the rest of the year will be impacted by “broad-based inflation and supply pressures,” exacerbated by “unfortunate geopolitical events” including uncertainty in Russia.
Reuters Events Global Energy Transition forum to bring together industry leaders to address the transition to a low carbon, sustainable and secure energy system
Following a tumultuous two years since the first Covid-19 lockdown in the UK, the now much-changed energy sector remains an attractive proposition for both global investors and trade players. Many of these are looking to get ahead of the curve of the much publicised transition to sustainable energy sources.
Oilfield services giant Baker Hughes has signed a deal to acquire wells specialist Altus Intervention.
Aberdeen-headquartered drilling contractor KCA Deutag has suspended new investments in Russia, as oilfield services firms join energy majors in reducing exposure to the Russian market following the invasion of Ukraine.
The world’s three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putin’s invasion of Ukraine, announcing their decisions separately and within 24 hours of each other.
Invictus Energy has awarded the integrated well services contract for its upcoming work in Zimbabwe to Baker Hughes.
Subsea opportunities will be plentiful in Asia Pacific over the coming years as international oil companies (IOCs) and national oil companies (NOCs) advance a backlog of projects, while offshore wind developers accelerate activity across the region.
Subsea experts and innovators are eager to contribute to the global energy transition by leveraging the technology, people, competencies and financial muscle developed over many decades at the cutting edge of offshore development and operations.
A group of energy companies have ponied up C$79 million ($62mn) to back a turquoise hydrogen technology in Canada.
Delegates at an Energy Voice event Thursday afternoon heard how a range of technologies, from AI to smarter valves, are enabling the sector in its journey to net zero.
Trafigura has agreed to provide up to $200 million to Sirius Petroleum to fund its plans in Nigeria, at OML 65.
Oilfield services giant Baker Hughes (NASDAQ: BKR) returned to profitability in full-year 2021, reporting a strong Q4 to round off the year.
A further two energy events have been forced to alter their plans due to the ongoing spread of Omicron across Europe.
CCS and CCS-enabled hydrogen will speed transition towards decarbonised energy security, writes James Richardson, Director, UK Industrial Decarbonisation at energy technology company Baker Hughes.
Baker Hughes (NASDAQ:BKR) has been awarded a contract by Bechtel to provide high-efficiency gas turbines and centrifugal compressors to support the expansion of the Pluto liquefied natural gas (LNG) onshore processing facility in Western Australia, which is operated by Woodside (ASX:WPL).
State-backed Malaysian energy company Petronas has signed a pact with Baker Hughes to collaborate on technological developments supporting the energy transition.
Adnoc has announced $6 billion worth of contracts with drilling companies, focused on downhole completion equipment and wellheads.
North Sea heavy hitters have raised the virtual curtain on COP26 ahead of the landmark conference getting underway in Scotland next week.
Baker Hughes posted its first profit this year during the third quarter as drilling activity and oil prices continued to rebound from the pandemic-driven oil bust.
The long-awaited UN Climate Change Conference (COP26) kicks off in Glasgow in November when world leaders arrive in Scotland to seek agreement on how to tackle clime change collectively.