Baker Hughes will acquire Continental Disc Corporation (CDC), a leading provider of safety-critical pressure management solutions, in an all-cash transaction for approximately $540 million, the company announced on Monday.
Baker Hughes has a history of successful integrated P&A projects, as well as its innovative portfolio of Mature Assets Solutions with a proven track record of increasing efficiency, accelerating timelines and reducing total operating costs. Through this integrated P&A program, Baker Hughes will plug and abandon wells and provide project management services on behalf of Equinor.
Baker Hughes announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company’s Margham Gas storage project.
The project will provide stability to Dubai’s energy supply by strengthening the system’s ability to switch between natural gas and solar power.
Baker Hughes announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields.
“Baker Hughes has led the way in addressing SCC-CO2, and we will bring that expertise and experience to bear in developing the definitive solution to this critical industry challenge”, Amerino Gatti, executive vice president for Oilfield Services and Equipment at Baker Hughes, said. “By deploying flexible pipe systems that last for decades, Petrobras can more efficiently unlock the vital natural resources that power the region, while also safely returning CO2 deep underground”.
NextDecade Corporation has signed a framework agreement with Baker Hughes to use its gas turbine and refrigerant compressor technology for Train 4 through Train 8 at the Rio Grande LNG facility, the companies announced on Tuesday.
(OE) Energy technology company Baker Hughes has signed ‘significant’ contracts with Petrobras to provide flexible pipe systems that will be deployed across several oil and gas fields offshore Brazil.
Baker Hughes has secured its largest-ever order for Integrated Compressor Line (ICL) technology with the purchase of 10 units by Dubai Petroleum Establishment on behalf of the Dubai Supply Authority, Baker Hughes announced on Tuesday.
U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
Today, Zacks Equity Research discusses SLB SLB, Baker Hughes Co. BKR, Helix Energy Solutions Group Inc. HLX and Solaris Oilfield Infrastructure Inc. SOI.