Baker Hughes posts first profit in 2021 as oil prices rise
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.
Baker Hughes
Energy Voice ETIDEX event will raise the curtain for COP26
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.
Industry talent to be recognised at OGUK Awards as finalists announced
Some of the North Sea oil and gas industry’s biggest players, including Neptune Energy, BP and TotalEnergies, are in the running to pick up a gong at the OGUK Awards.
Rewind, pause, fast forward: Subsea operations can travel through time and space to create a better future
“Those who cannot remember the past are condemned to repeat it” - Spanish philosopher George Santayana.
‘We didn’t need COP26 to prick our conscience’ Baker Hughes boss tells Offshore Europe
A senior executive at Baker Hughes and chair of this year’s Offshore Europe has told the conference that the industry is well aware of its “responsibility” to net zero and “didn’t need COP26 to prick our conscience”.
Future North Sea: ‘Hard truths’ on the path to net zero
There are “hard truths” facing the future of the North Sea and the global oil and gas industry on the way to net zero, a key industry event has heard.
Worley wins Jansz-Io Compression deal with Chevron
Chevron has chosen Australian engineering company Worley to provide engineering and construction management services at the US giant’s recently sanctioned $4 billion Jansz-Io Compression (J-IC) project offshore Western Australia.
Baker Hughes wins subsea deal for Chevron’s Jansz-lo project off Australia
Baker Hughes will supply subsea compressions manifold technology for the Jansz-lo Compression (J-IC) project that will boost gas production at Chevron’s Gorgon project offshore Australia.
Competition regulator drops inquiry into Baker Hughes, Akastor deal
The UK’s competition inspector has deemed plans by Baker Hughes and investment firm Akastor to merge two business units not worthy of an investigation.
Hammer blow: 100 facing redundancy with Baker Hughes poised to close Aberdeen base
More than 100 workers are facing redundancy as US energy service firm Baker Hughes looks poised to close one of its Aberdeen sites.
Baker Hughes trims losses in second quarter
Baker Hughes trimmed its losses in the second quarter as drilling activity continued to rebound from the pandemic-driven oil bust.
More than 80 jobs to be axed at Baker Hughes Montrose base
Almost a third of the workers at oil and gas firm Baker Hughes in Montrose are at risk of redundancy.
Baker Hughes’ new North Sea OFS boss sets out decarbonisation objectives
Baker Hughes’ new North Sea vice president for oilfield services (OFS) has made decarbonising operations one of her key priorities.
UK competition watchdog opens inquiry into Baker Hughes, Akastor deal
The UK competition watchdog is investigating the planned merger of Baker Hughes’ subsea drilling systems business with investment firm Akastor’s MHWirth subsidiary.
Logan Energy: Scottish firm ‘hedging bets’ on international hydrogen market
Logan Energy, the Scottish hydrogen technology firm, is “hedging its bets” on the global take-off of the low-carbon fuel.
BP forms new pact to boost production from Clair Ridge after slow start
BP, Baker Hughes and Odfjell Drilling have formed a new alliance aimed at boosting production from Clair, western Europe’s biggest oilfield.
Baker Hughes: Redundancies ‘out of the blue’ at major Montrose employer
Oil and gas company Baker Hughes has made a round of redundancies at its Montrose facility.
Baker Hughes signs Petrojet MoU
Baker Hughes has signed a memorandum of understanding with Egypt’s Petrojet, after meeting Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla.
Subsea UK assembles impressive line-up for new debate-style event
Subsea UK’s new TV debate style event makes its debut next week, with industry leaders and government panellists exploring how the subsea sector can support the energy transition and the blue economy.
Supply chain companies truly embracing the transition after period of uncertainty
A boss at Baker Hughes is looking with “slight optimism” towards late-2021, early-2022 and the prospect of a pick-up in North Sea activity.
Baker Hughes awarded subsea contract for Petrobras’ Marlim and Voador fields in Brazil
Baker Hughes has been awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. The contract includes several key technologies from Baker Hughes’ Subsea Connect portfolio and will provide Petrobras with a connected suite of solutions to help drive efficiencies, reduce costs and improve execution speed.
Spending and activity levels to ‘gain momentum’ in 2021, Baker Hughes CEO says
Baker Hughes CEO Lorenzo Simonelli expects spending and activity levels to gain momentum this year, with strong growth to follow in 2022.
Former Wood duo join hydrogen tech firm Logan Energy
A pair of businessmen who held key roles at engineering and consultancy firm Wood have joined a Scottish hydrogen technology business.
Baker Hughes in north-east facilities shake-up
Energy service firm Baker Hughes is reshuffling its north-east facilities footprint once more in an effort to “drive synergies” and improve conditions for staff.
Baker Hughes and Horisont team up for Barents Sea carbon capture project
Baker Hughes and Horisont Energi have entered into a pact for the Polaris carbon storage project off the northern coast of Norway.