Venture Global secures mammoth financing, takes FID on Plaquemines LNG
Venture Global LNG has taken final investment decision (FID) on its Plaquemines LNG, with the largest project financing package globally this year.
Baker Hughes
North-east oil industry needs to enhance ‘narrative’ or risk a ‘brain drain’
Oil and gas companies in the north-east have been challenged to alter the narrative around the industry in order to dissuade talent from relocating.
North Sea chiefs make plea for ‘stability’ ahead of crucial windfall tax vote
Senior figures in the energy industry have underlined the need for a “stable regime” ahead of a key vote in Westminster today.
Equinor extends drilling contracts worth £1.2bn with Baker Hughes, Halliburton and Schlumberger
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 launches new subsea wellhead technology to help slash well costs
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 misses estimates, warns of geopolitical instability
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.
Global Energy Transition forum to bring together industry leaders to address the transition
Reuters Events Global Energy Transition forum to bring together industry leaders to address the transition to a low carbon, sustainable and secure energy system
Picking and choosing investment opportunities
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.
Altus Intervention to be acquired by oilfield services giant Baker Hughes
Oilfield services giant Baker Hughes has signed a deal to acquire wells specialist Altus Intervention.
KCA Deutag suspends new investments in Russia
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 biggest oilfield contractors are quitting future Russia work
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.
Baker Hughes wins Zimabwe drilling contract
Invictus Energy has awarded the integrated well services contract for its upcoming work in Zimbabwe to Baker Hughes.
Opportunities abound as Asia Pacific set for $4 billion subsea spend in 2022
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 expertise perfectly placed to help accelerate global energy transition
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.
Baker Hughes, Severstal back turquoise hydrogen tech
A group of energy companies have ponied up C$79 million ($62mn) to back a turquoise hydrogen technology in Canada.
Future North Sea: ‘Subsea electrification is ready to go mainstream’
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 steps in to back Sirius production plans
Trafigura has agreed to provide up to $200 million to Sirius Petroleum to fund its plans in Nigeria, at OML 65.
Baker Hughes posts pre-tax profits of $400m in 2021 results
Oilfield services giant Baker Hughes (NASDAQ: BKR) returned to profitability in full-year 2021, reporting a strong Q4 to round off the year.
Two more energy industry events dealt Omicron blow
A further two energy events have been forced to alter their plans due to the ongoing spread of Omicron across Europe.
Carbon capture essential to net-zero ambitions
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.
Santos awards Baker Hughes CCS deal in Australia
US-based Baker Hughes (NASDAQ:BKR) will supply Santos’ (ASX:STO) Moomba carbon capture and storage (CCS) project in Australia with turbo machinery equipment.
Baker Hughes wins Pluto LNG deal
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).
Petronas hooks up with Baker Hughes for energy transition tech
State-backed Malaysian energy company Petronas has signed a pact with Baker Hughes to collaborate on technological developments supporting the energy transition.
Adnoc hands out $6bn of drilling contracts in long-term push
Adnoc has announced $6 billion worth of contracts with drilling companies, focused on downhole completion equipment and wellheads.
Energy industry heavyweights raise the virtual curtain on COP26
North Sea heavy hitters have raised the virtual curtain on COP26 ahead of the landmark conference getting underway in Scotland next week.