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 […]
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 […]