Energy technology company Baker Hughes and Akastor, a Norwegian oil-services investment company, have agreed to create a joint venture company for offering global offshore drilling solutions. The 50:50 joint venture will combine the subsea drilling systems (SDS) business of Baker Hughes with MHWirth, a wholly-owned subsidiary of Akastor. According to Baker Hughes, the joint venture […]
Saudi Aramco and Baker Hughes have launched a 50:50 joint venture (JV) called Novel Non-Metallic Solutions Manufacturing (Novel) for developing and commercializing a variety of non-metallic products for multiple applications in the energy industry. The parties inked a memorandum of understanding (MOU) for creating the non-metallics JV in July 2019. Ahmad Al Sa’adi – Saudi […]
India’s Oil and Natural Gas Corporation (ONGC) has drawn its first gas from the KG-DWN-98/2 project, which has been developed with an investment of $5 billion in the offshore Krishna Godavari basin in India. The KG-DWN-98/2 block contains the deepwater Cluster 2 field located off the shore of the Godavari delta on the east coast […]
Baker Hughes, a GE company (BHGE), and Ocean Installer have bagged a subsea contract from Vår Energi for the Balder X project, which is being taken up in the North Sea with an investment of NOK 15 billion ($1.65 billion). The contract is for providing engineering, procurement, construction and installation (EPCI) of subsea systems and […]
Ichthys LNG project : McDermott International and GE’s subsidiary Baker Hughes have secured contracts for the INPEX-operated Ichthys Liquefied Natural Gas (LNG) field development, located off the northwest coast of Western Australia. The contracts have been awarded to provide joint umbilicals, risers, and flowlines (URF) and subsea production system (SPS) solution for the Ichthys gas […]