Baker Hughes

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.

Sentiments are clearly improving amongst the hard-hit oilfield service companies who all saw revenue grow in the fourth quarter of last year.

The service company says its engageSubsea Remote platform provides real-time equipment-status information.

A partnership between Saudi Aramco and Baker Hughes will build a plant where they will work to expand the uses of nonmetallic oilfield hardware, beginning with high-performance reinforced plastic pipe.

The expanded additive manufacturing services widen the companies’ targeted industries to include oil and gas, renewables, maritime, and aerospace.

As part of the agreement, Baker Hughes will accelerate the development of Compact Carbon Capture’s technology, aiming for global commercial deployment.

To go big on capturing CO2, the oilfield service company is acquiring a company that specializes in going small.

Baker Hughes scored what it said is among the largest LNG deals it has secured in the past 5 years. The compressors will be installed in Qatar Petroleum’s North Field East LNG trains, boosting Qatar’s total LNG production capacity from 77 mtpa to 110 mtpa.

As the company aims to become carbon net zero by 2050, it is undertaking a three-pronged approach focused on transforming its core, investing for growth, and positioning for the future.