Baker Hughes, Novatek in LNG production decarbonization pact

Oil and gas service provider Baker Hughes has signed a deal with Russia’s Novatek to reduce carbon emissions from the latter’s natural gas and LNG production. Courtesy of Novatek The two companies will cooperate on the development and implementation of … Read More

Baker Hughes back in black after three quarters

Oilfield services major Baker Hughes has booked $653 million profit in the fourth quarter of 2020, against $48 million same time last year. This result also marks the company’s return to profit after posting third loss in a row at … Read More

Baker Hughes in energy transition push with 3C buy

Lorenzo Simonelli, chairman and CEO of Baker Hughes Oilfield services player Baker Hughes is acquiring a pioneering technology development company Compact Carbon Capture (3C). The agreement includes all intellectual property, personnel and commercial agreements. With this move Baker Hughes aims … Read More