Baker Hughes

Halliburton and Baker Hughes both forecast moderate growth in their latest quarterly earnings reports.

While Schlumberger, Halliburton, and Baker Hughes focus their legacy technology and service portfolios on driving up efficiency, driving down cost, and making current sources of energy less carbon intensive, they diverge on their approaches to scaling up development and deployment of breakthrough clean energy technologies.

For the entities formerly—and, sometimes, still—known as oilfield service companies, the energy transition presents new business challenges and opportunities. How are they managing?

The digital project is designed to deliver data management and insight across Aramco’s entire drilling fleet, making it the largest deployment in Baker Hughes’ history.

Halliburton and Baker Hughes see oilfield services sector heading in the right direction this year after a painful 2020.

The Magnus oil field in the North Sea catalyzed a major leap for subsea control systems. The original development of the multiplexed electrohydraulic control system has developed into a multimillion-dollar subsea controls industry.

In a test of the future of the hydrogen business, Baker Hughes is one of three companies starting a fund whose goal is to raise €1 billion to invest in a clean hydrogen infrastructure.

A new offshore service company has been created combining Baker Hughes’ subsea equipment operation and the drilling hardware made by MHWirth. The joint venture’s goal is to grow and go public.

The US government is looking at the contractor’s books over possible sanctions violations.

Shell, C3 AI, Baker Hughes, and Microsoft have teamed up to launch the Open AI Energy Initiative platform that is designed to present AI-based reliability applications to improve operational efficiency.