Baker Hughes

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.

After 2 years of testing, Shell is going all in on using high-flying technology to catch methane leaks to reduce its overall emissions to less than 1%.

Just 3 years after its landmark merger, GE has announced that in the next 3 years it plans to sell of all its remaining shares in Baker Hughes.

A lot about the blowout preventers used for offshore drilling has changed since Macondo in 2010, but the essentials remain. This evolution serves as a case study on why some oilfield technology is hard to change.

Halliburton and Schlumberger write-off billions in asset value and signal that more job cuts are coming during the second quarter.

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.