Baker Hughes (NASDAQ: BKR), a global leader in energy technology, has clinched a substantial order from Petrobras for comprehensive workover and plug and abandonment (P&A) services across the pre-salt and post-salt fields offshore Brazil. This significant engagement, valued at several million dollars, underscores Baker Hughes’ strategic penetration in the South American energy sector, leveraging its […]
Baker Hughes (NASDAQ: BKR), a leading energy technology company, has been awarded a significant contract for a gas-boosting project at the Hassi R’Mel gas field in Algeria, in collaboration with Tecnimont, part of the MAIRE technology and engineering group. This project marks a substantial step in enhancing the gas production capabilities of Algeria, directly impacting […]
Baker Hughes (NASDAQ: BKR), a global leader in energy technology, has announced a significant order from engineering firm Worley, acting on behalf of Saudi oil giant Aramco, to supply advanced gas technology equipment for the third phase of Saudi Arabia’s Master Gas System (MGS) project. This order, recorded in the first quarter of 2024, is […]
Baker Hughes (NASDAQ: BKR), a global leader in energy technology, has been awarded a significant contract by Petrobras for integrated well construction services in the Buzios field, located offshore Brazil. This strategic collaboration marks a pivotal moment in the energy sector, emphasizing Baker Hughes’ expertise and comprehensive capabilities in well construction. The contract, set to […]
Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) have announced a pivotal agreement to supply key equipment for Phase 1 of the Driftwood LNG project. The deal includes the delivery of eight main refrigerant compression packages, featuring LM6000PF+ gas turbines, main refrigerant compressors, and control units. This significant partnership strengthens Driftwood’s ability to […]
NET Power, a North Carolina-based clean energy technology company, and Rice Acquisition Corp. II, a publicly traded special purpose acquisition company, have concluded their previously announced merger deal. The combined entity will operate as NET Power Inc. with its Class A common stock and warrants trading on the New York Stock Exchange under the ticker […]
Baker Hughes has reached an agreement to divest its Russian oilfield services business (OFS Russia) to its local management team for an undisclosed price. The deal follows on the American oilfield services provider’s previously announced suspension of new investments in its operations in Russia and commitment to adhere to appliable laws and sanctions. Baker Hughes […]
Baker Hughes has agreed to acquire Altus Intervention, a Norway-based provider of well intervention services and down-hole oil and gas technology, for an undisclosed price. Altus Intervention, which is said to have more than four decades of industry experience, is expected to complement the existing portfolio of oilfield technologies and integrated solutions of Baker Hughes. […]
Air Products said that it will construct, own, and operate a green liquid hydrogen production facility in Casa Grande, Arizona, which will have a capacity of 10 metric tons per day. According to the US industrial gases company, the zero-carbon liquid hydrogen plant is likely to be commissioned next year. The facility’s liquid hydrogen product […]
Invictus Energy said that it has awarded an integrated well services contract to Baker Hughes pertaining to its Cabora Bassa project in Zimbabwe. The Australian oil and gas company did not reveal the value of the contract awarded to the US-based oilfield services provider. The company, which has an operating stake of 80% in the […]