Baker Hughes

The firm said it will be “restructuring” to “right size its operations” for a slowing market without mentioning how that will affect its workforce. It also says its two major lines of business are worth less than previously estimated.

The successful string test comes 7 months after the company's FID on the Calcasieu Pass LNG project.

The application continuously uses machine-learning algorithms to aggregate historical and real-time data across production operations. Additionally, the application uses a hybrid approach that draws on physics-based and data-driven AI models to generate predictions and prescribed actions.

Industry 4.0, the latest industrial revolution, has hit the manufacturing sector, building upon the adoption of computers and automation into industrial processes. How well suited is the oil and gas industry to leverage the new autonomous systems that could emerge from this transformation?

The joint offerings are expected to help make energy operations safer, cleaner, and more efficient.

Most companies have known for a while that they benefit when the parties that manage their networks cooperate. Beyond benefiting the business, however, this cooperation of open communication between the different sectors can help the people tasked to manage the security of those networks.

Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn.

The 100-year-old service company has joined the effort to achieve net-zero carbon emissions over the next 30 years. The move follows similar companywide efforts by BP and Shell.

Subsea advancements in the works include longer tiebacks, an underwater drone that lives on the seafloor, and a robotic manifold capable of actuating dozens of valves. Do these new capabilities, born of necessity, signal a sea change in industrywide technology development?

The artificial-intelligence application BHC3 Reliability provides early warning of production downtime and process risk to improve operational productivity, efficiency, and safety.