UK firms face ‘hard truths’ at Energy Exports Conference
Energy firms keen to explore export opportunities faced some “hard truths” at an event in Aberdeen.
Baker Hughes
2024 ‘off to a good start’ for Baker Hughes as earnings climb
With earnings before tax up 21% year-on-year chairman and chief executive of Baker Hughes, Lorenzo Simonelli, said "2024 has gotten off to a good start”.
Aramco cut hits service companies where it hurts
Aramco’s move to cut investments was, Baker Hughes' Simonelli said, a “temporary aspect”.
Big Three: SLB, Halliburton and Baker Hughes post bumper oilfield services profits
Oilfield services giants Halliburton, SLB and Baker Hughes have posted bumper profits in their respective full-year results, with international demand playing a key role.
Offshore worker turned yoga teacher wants to turn former Bridge of Don office into ‘haven of calm’ studio
Lauren Adams is hoping the council will back her plan to turn a vacant office at Braehead Way Shopping Centre into a relaxing yoga haven.
Taking advantage of the ‘internal talent marketplace’
Deloitte’s Hayley Strachan told an Aberdeen event that firms should take advantage of their ‘internal talent marketplace’ to drive productivity.
Baker Hughes points to continued North Sea growth in Q3 results
Orders and revenues at the oilfield services giant surged year on year as executives noted a ‘fundamentally tight' LNG market.
Saipem head laments service crunch, wind investments
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”.
More than 100 Angus workers move to new firm after Baker Hughes sale
The oil and gas company has stressed it remains committed to Montrose despite the move, which it said was taken after an “extensive review”.
US LNG producer strikes Baker Hughes deal targeting 100mn tpy
Simonelli said natural gas would be both a bridge and a destination fuel in the energy transition.
Renewables group Zhero garners backing of TotalEnergies, Baker Hughes, Technip
A cohort of major energy sector names have rushed to back renewables developer Zhero Europe in its latest funding round.
SLB, Baker Hughes win drilling work from Invictus
Baker Hughes, working with NOV, will also carry out the directional drilling and logging while drilling (LWD) contracts.
Apache, Baker Hughes and NSMP leaders join OEUK board
The trade body, Offshore Energies UK (OEUK), has announced the appointment of Apache, Baker Hughes and NSMP representatives to its board.
Baker Hughes wins subsea Baleine work
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 buys stake in green hydrogen developer
Baker Hughes will buy a minority holding in hydrogen and ammonia developer ATOME, and will become a partner in its flagship project in Paraguay.
Demolition of former Baker Hughes Aberdeen site under way
The demolition of an energy service firm’s former building in Aberdeen has begun.
Baker Hughes wins FLNG work for Petronas project
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 sees eight-fold earnings surge in Q1
Baker Hughes has kicked off first quarter earnings for the oilfield services giants.
Baker Hughes and Ocean Installer in global contracts team-up
Baker Hughes (NASDAQ: BKR) and Ocean Installer have announced a global contracts team-up.
Carbon capture and e-fuels the talk of CERAWeek
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.
£2m Scottish project kicks off to trial wave power for subsea equipment
Scottish technology developers are working together on an ambitious project linking wave power and energy storage to power vital subsea equipment.
CMA clears Baker Hughes acquisition in wake of Archer deal
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 to take on Baker Hughes’ UK pumping and tubing unit
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.
‘We need visibility’: Baker Hughes boss in North Sea call to policymakers
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.
Baker Hughes admits shipping equipment to Russia following calls to ban exports
Oilfield services giant Baker Hughes has admitted shipping equipment to Russia months after sanctions were announced in the wake of the invasion of Ukraine.