Baker Hughes

Baker Hughes, a GE company, (BHGE) and C3.ai announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique artificial-intelligence software suite to deliver digital transformation technologies and drive productivity for the oil and gas industry.

New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.

The facility will serve as a hub to support customers and projects in the Angola and Southern Africa region.

The three largest service companies are optimistic about the rest of 2019.

Women in PE make significant technical contributions and bring value-adding attributes and perspectives to the industry

The Golden Pass LNG export project got the go-ahead for a $1-billion liquefaction development. Baker Hughes will supply turbomachinery equipment for three LNG trains. Startup is expected in 2024.

Drones will be just one of the tools that the service company uses in its drive toward net-zero carbon emissions.

A contest where teams of college students design and build an automated drilling rig able to deal with hazardous obstacles in a test block, showed how a small change can be engineered to matter.

The firm hopes to remedy the cost-, labor-, and time-intensive process of executing offshore projects through deployment of “Subsea Connect,” which it says can cut project development costs by 30%.

The deal would raise nearly $4 billion for GE, which plans to reduce its stake in the oilfield services company from 62.5% to at least 50.1% after the transactions. It had previously announced in June its intention to sell its stake over a 2- to 3-year period.