Saipem’s Puliti gave the example of the need for offshore wind installation vessels. He said there was a “clear need” for new vessels, “otherwise there is no way that demand in the next three to five years can be satisfied by supply. But no one has the courage to invest today”.
Baker Hughes (NASDAQ: BKR) capped its big restructuring year of 2022 with “record” orders during Q4.
Baker Hughes (NASDAQ: BKR) has set out a plan to reform its four business lines into two, in a bid to enhance profitability and grow.
Baker Hughes (NASDAQ: BKR) expects an “unusual set of circumstances and challenges” for the oil market through 2023.
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.
Oilfield services giant Baker Hughes (NASDAQ: BKR) returned to profitability in full-year 2021, reporting a strong Q4 to round off the year.
Baker Hughes trimmed its losses in the second quarter as drilling activity continued to rebound from the pandemic-driven oil bust.
Baker Hughes has closed out its “incredibly challenging” 2020 financial year with pre-tax losses of $15.2billion (£11bn).
Baker Hughes has shed thousands of jobs in response to the downturn, cutting headcount by 15% so far this year.
Baker Hughes has said it remains “intensely focussed" on improving its "margin and return profile" as it stayed deep in the red in the third quarter.
Houston oilfield service giant Baker Hughes is poised to become an independent company again.
Baker Hughes, a GE company (BHGE) has posted pre-tax profits of £106million off the back of stabilising oil markets and international project wins.
Lorenzo Simonelli, chairman, president and CEO, of BHGE shared his thoughts on the company’s first six operational months since the merger of GE and Baker Hughes, saying the firm “can, and will, deliver”.
When your mentor is business veteran and heavyweight Jeff Immelt, one can expect glittering gems of wisdom carved out of a hard-fought, hard-won career.
The industry cannot afford to wait to be “disruptive” any longer, said GE Oil & Gas president Lorenzo Simonelli.
Energy Voice spoke with GE's Oil and Gas president Lorenzo Simonelli about how business and the industry is coping. Hundreds of people will be attending the conference today, including BP's Bob Dudley, who will be hosting fireside chat. Check back tomorrow for more.