Baker Hughes

Second-quarter earnings for the three biggest oilfield service companies arrived with some new takes on where the market is headed.

Tellurian awarded a contract that will result in the first application of the service provider's integrated compressor line technology in North America.

Altus brings well intervention technologies, including tractor and power mechanical application solutions.

Baker Hughes will supply a plug-and play modularized liquefaction train system for the Plaquemines LNG project.

The two companies will work to retrofit nonproducing wells for geothermal production and scale GreenFire Energy’s closed-loop advanced geothermal systems.

Pandemic gridlock, rerouting risk, and net-zero expectations are squeezing oilfield service companies into change.

The leading oilfield services firms say a multiyear upcycle is driving improved pricing and technology uptake.

The supermajor and service company that have long been partners on oil and gas projects said they are exploring new models to fit the energy transition. They also separately announced this week new plans to expand into the hydrogen market.

Augury’s machine health technology will further build out Baker Hughes’ integrated asset performance capability, expanding coverage from critical assets to balance of plant machines in the energy and industrial markets. Machine health uses advanced sensors and artificial-intelligence-based software to predict and prevent machine failures.

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