North America dropped six rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on March 13.
U.S. oilfield services firm Baker Hughes said it sees a significant revenue opportunity in Venezuela as sanctions constraints ease and payment mechanisms improve, opening the door for expanded activity in the country’s oil sector, according to comments reported by Reuters on Monday.
Baker Hughes Co. said it sees providing power generation equipment for crude production in Venezuela as its biggest immediate growth opportunity.
Dynamis Power Solutions LLC has awarded Baker Hughes Co a contract for the supply of 25 aeroderivative gas turbines with a combined capacity of 1.3 gigawatts (GW). The turbines, including LM2500, LM6000 and LM9000, will be deployed for “mobile power generation across a wide range of oil and gas applications, including upstream, refining and petrochemical”, […]
Baker Hughes has received a significant order for 25 aeroderivative gas turbines from U.S.-based Dynamis Power Solutions, expanding the energy technology company’s footprint in mobile power systems used across upstream, refining and petrochemical operations.
Strong demand for LNG-related services drove Baker Hughes’ third-quarter financial performance above expectations, with the company reporting a 23% annual increase in orders despite a dip in net profits of 20% on the year.
The NOIA ESG Excellence Award highlights companies that demonstrate outstanding performance in environmental stewardship, social responsibility, and governance. Baker Hughes was honored for its data-driven approach to reducing emissions, expanding remote operations, and integrating sustainability across its global offshore operations.
Baker Hughes has secured a long-term service agreement award from bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia. This comprehensive 90-month agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility including heavy-duty gas turbines, steam turbines and compressors for three LNG trains.
Baker Hughes announced today a definitive agreement to acquire Chart Industries in a deal valued at a total of $13.6 billion. Notably, the acquisition will strengthen Baker Hughes’ presence in the LNG and data center sectors.
The oilfield services and energy technology major struck a more upbeat note in its second-quarter report than it did in the report for the first quarter of the year. At the time, Baker Hughes, like many others, was concerned about the impact of President Trump’s trade policies on the business. Now, it appears the worst of the dangers related to tariffs has been averted or at least delayed.