HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) — Baker Hughes received an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to address power demand growth from the data center market. The award follows an announcement earlier this month that Baker Hughes will partner with Frontier Infrastructure […]
Tag: Baker Hughes
Baker Hughes, NextDecade Ink Agreement for Rio Grande LNG Expansion Trains
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 11.Mar.2025) — Baker Hughes and NextDecade Corporation entered into a framework agreement whereby NextDecade will utilize Baker Hughes’ gas turbine and refrigerant compressor technology and enter into contractual services agreements to perform maintenance work for these equipment packages for Trains 4-8 at the […]
Baker Hughes and Woodside to Develop Small-Scale Decarbonization Solutions
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 6.Mar.2025) — Baker Hughes and Austrailia’s Woodside Energy entered into a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power platform. Said platform is specifically designed for crude oil and natural gas (including liquefied natural gas or […]
Baker Hughes to Provide Solutions to Argent LNG’s 24 MTPA Port Fouchon Export Facility
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Argent LNG LCC selected Baker Hughes as the liquefaction solution and related services provider for its proposed liquified natural gas (LNG) export facility in Port Fourchon, Louisiana. Baker Hughes will supply cutting-edge liquefaction solutions, power generation equipment, and gas compression systems for the facility, […]
Baker Hughes to Deploy Leucipa Automated Field Production Solution in Niger Delta
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Baker Hughes announced an agreement with NNPC Limited/FIRST Exploration & Petroleum Development Company (FIRST E&P) joint venture (JV) to deploy the Leucipa automated field production solution. Leucipa will be implemented on the JV’s offshore operations in the Niger Delta, marking the […]
Baker Hughes to Develop Small-Size Ammonia Turbines with Hanwha
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Baker Hughes, Hanwha Power Systems and Hanwha Ocean announced a Joint Development and Collaboration Agreement (JDCA) for a new small-size turbine for ammonia applications which will leverage Baker Hughes’ small-size gas turbine technology and Hanwha’s ammonia combustion system. The agreement was signed during the Baker […]
Baker Hughes Eyes 100 MTPA of FIDs in 2024-2026
HOUSTON, TEXAS (Energy Analytics Institute, 30.Jan.2025) — Baker Hughes expects 100 million tonnes per annum (MTPA) of final investment decisions (FIDs) between 2024-2026, according to the company’s chairman and CEO Lorenzo Simonelli. This level of activity would increase global capacity and supports Baker Hughes’s long-standing forecast of 800 MTPA by […]
Baker Hughes Launches Advanced Oxygen Analyzer
(Baker Hughes, 31.Oct.2024) — Baker Hughes launched the XMO2pro, a new and advanced oxygen analyzer designed to ensure greater levels of stability, accuracy and reliability. Oxygen gas analysis is key to safety, efficiency and control in industrial and energy processes – the presence of oxygen can cause corrosion and, when […]
Baker Hughes to Supply Petrobras with Flexible Pipe Systems
(Baker Hughes, 28.Oct.2024) — Baker Hughes announced significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The agreement was signed 15 Oct. 2024, following an open tender. The multi-year project includes risers and flowlines for hydrocarbon production and associated gas […]
Baker Hughes to Supply Petrobras with Flexible Pipe Systems
(Energy Analytics Institute, 28.Oct.2024) — Baker Hughes signed significant contracts with Brazil’s state-owned Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The companies inked the agreements on 15 Oct. 2024, following an open tender. The multi-year project includes risers and flowlines for […]
Baker Hughes Awarded Order for Kaminho Project in Angola
(Baker Hughes, 15.Oct.2024) — Baker Hughes has been awarded a contract, to be booked in the third quarter, to supply advanced compression solutions to Saipem for TotalEnergies’ Kaminho Floating Production Storage and Offloading (FPSO) project in Angola. Baker Hughes’ centrifugal BCL compressor and Integrated Compressor Line (ICL) technology were selected because of their capacity […]
Baker Hughes Reports 3Q:23 Results [PDF Downloads]
(Baker Hughes, 25.Oct.2023) — Baker Hughes Company (Nasdaq: BKR) announced results today for the third quarter of 2023. Highlights: Orders of $8.5bn for the quarter, up 40% year-over-year. Revenue of $6.6bn for the quarter, up 24% year-over-year. Net income attributable to Baker Hughes company of $518mn for the quarter, up $534mn year-over-year. Adjusted net income attributable to Baker Hughes (a non-GAAP measure) of $427mn for the quarter, […]
Venture Global and Baker Hughes Expand Master Equipment Supply Agreement
(Venture Global, 5.Sep.2023) — Venture Global LNG announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100MTPA of nameplate LNG export capacity. To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the […]
Tellurian and Baker Hughes Reveal Deal for Driftwood LNG Phase 1
(Tellurian, 5.Sep.2023) — Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units […]
Commonwealth LNG and Baker Hughes In Strategic Deal
(Commonwealth, 21.Aug.2023) — Commonwealth LNG has signed a strategic agreement with Baker Hughes related to Commonwealth LNG’s liquefied natural gas facility under development in Cameron Parish, Louisiana. Baker Hughes will work with Commonwealth LNG on maximizing the project’s output and minimizing emissions through the use of Baker Hughes’ LM9000 aeroderivative gas turbine technology […]
Baker Hughes to Supply Three Trains for Rio Grande LNG
(Baker Hughes, 6.Jul.2023) — Baker Hughes (NASDAQ: BKR) has been awarded an order by Bechtel Energy Inc. – to be booked in the second quarter of 2023 – to supply three Main Refrigerant Compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply […]
Baker Hughes to Supply Trains for Port Arthur LNG Phase 1 Project
(Baker Hughes, 27.Mar.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas, following the positive Final Investment Decision (FID) announced March 20. Through the […]
Baker Hughes Unveils New Digital Solutions for Cleaner Energy
(Baker Hughes, 30.Jan.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced at its Annual Meeting in Florence, Italy, the introduction of multiple new digital solutions and investments to advance more intelligent and energy-efficient operations. The result of detailed research conducted with oil and gas, heavy industry and broader industrial customers and […]
Baker Hughes and Fortescue to Jointly Explore Green Hydrogen Projects
(Baker Hughes, 30.Jan.2023) — Baker Hughes (NASDAQ: BKR) announced a memorandum of understanding (MoU) with Fortescue Future Industries (FFI) to jointly explore potential opportunities for the scale up and adoption of novel technology solutions for green hydrogen, green ammonia and geothermal projects. The companies see new pathways to accelerate the energy transition thanks […]
US Oil Services Firms Join Push for Revamped Venezuela License
(Reuters, 21.Apr.2022) — Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly […]
Baker Hughes Expands Presence in Guyana with Opening of Major Facility
(Baker Hughes, 14.Feb.2022) — Baker Hughes has expanded its presence in Guyana through the opening of a new local supercenter facility for oilfield services and equipment. The supercenter, which spans more than 8 acres, will support regional customers and bolster Baker Hughes’ localization efforts within South America. Baker Hughes has […]
Baker Hughes And Shell To Accelerate Energy Transition
(Baker Hughes, 10.Nov.2021) — Energy technology company Baker Hughes (BKR: NYSE) and Shell Global Solutions BV signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. The […]
LatAm Briefs: Argentine Output, Colombian Renewables
(Energy Analytics Institute, 22.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: daily production details from Argentina’s Neuquén region to 13 renewable projects identified by Colombia’s Ecopetrol and more. Argentina — Daily production in Argentina’s Neuquén region reached a record 193,000 barrels per day, the highest volume […]
LatAm Briefs: EP PetroEcuador Tenders, Ofac License Extension To Chevron
(Energy Analytics Institute, 2.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: EP PetroEcuador generating $768mn thru ten tenders of Oriente and Napo crude oil between January and May 2021 and the US’ OFAC extending a general license to Chevron and others to continue operating in Venezuela. […]
LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit
(Energy Analytics Institute, 1.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevron’s operating license in Venezuela; Microsoft founder, Bill Gates, participating in the Innovating To Net Zero Summit; and the kick off of the Suriname Energy, Oil and Gas Summit (SEOGS2021). Ofac Extends Chevron’s […]
LatAmNRG Briefs: YPF Fuels, Colombian Fracking
(Energy Analytics Institute, 15.Mar.2021) — Energy briefs from the Latin America and Caribbean regions Argentina, Colombia and Venezuela including: Tenaris snatches up Baker Hughes Argentina, YPF raises fuel prices again, Colombia’s ANH awaits offers for more pilot fracking projects and Venezuela suffers a severe diesel shortage. Tenaris Acquires Baker Hughes […]
Pelican Energy Partners To Buy Baker Hughes Unit
(Pelican Energy, 10.Sep.2020) — Pelican Energy Partners LP announced an agreement to purchase the assets of the Surface Pressure Control Flow (“SPC Flow”) business unit of the Oilfield Equipment segment of Baker Hughes. Pelican is working in cooperation with the management team of SPC Flow to carve-out the business unit […]
Venezuela Faces Possibility Oil Output Drops To Zero
(Oilprice.com, 1.Sep.2020) — Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have sparked a monumental economic collapse which saw the oil rich country become one of the poorest in South America. There are emerging signs that Venezuela […]
Russia Is Winning The Battle For Venezuela’s Oil
(Oilprice.com, 24.Aug.2020) — In just over a year Venezuela, and the push to oust socialist leader President Nicolas Maduro, has gone from being one of the world’s hottest news headlines to obscurity. The popularity of Venezuelan opposition leader Juan Guaidó is waning. As the December 2020 election date for Venezuela’s […]
Exxon Restarts Drilling Off Guyana Amid Political Crisis
(Bloomberg, 10.Jul.2020) — Exxon Mobil Corp. resumed drilling in Guyana last month, underscoring its dedication to the offshore hot spot despite the oil price crash and a messy turn in local politics. Two of Exxon’s four drillships went back to work, according to data published Friday by Baker Hughes Co. […]
Chevron In Effect Barred From Venezuela
(Bloomberg, 21.Apr.2020) — Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regime’s crumbling oil industry another blow as U.S. President Donald Trump maneuvers for regime change in the Latin American nation. The U.S. Treasury Department will no longer allow the company to […]
Trump Tells Chevron To “Wind Down” In Venezuela
(AP, 21.Apr.2020) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling or exporting, as the U.S. increases pressure on President Nicolás Maduro to give up power. Chevron is the last major […]
US Reviews Need For Venezuela Waivers: Update
(Argus, 16.Apr.2020) — The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their presence in Venezuela, as it steps up the pressure of sanctions designed to force Venezuelan president Nicolas Maduro to step down. Chevron and European oil […]
Chevron Gets 4th Reprieve From Venezuela Sanctions
(Argus, 17.Jan.2020) — Washington will allow Chevron and four US oil field service providers to continue operating in Venezuela until 22 April by granting a fourth waiver late yesterday from US sanctions imposed almost a year ago on the Opec country. The US Treasury Department sanctions enforcement arm, the Office […]
Guaido Survival Likely To Buy Chevron More Time
(Argus, 7.Jan.2020) — The White House appears likely to extend a waiver for Chevron to operate in Venezuela after US-backed opposition leader Juan Guaido overcame a government-backed rival to retain control of the National Assembly. Guaido, accompanied by allied deputies, pushed past heavy security surrounding the assembly this morning and […]
BPC And Baker Hughes Seal Bahamas Deal
(Offshore Energy, 22.Nov.2019) — Bahamas Petroleum Company (BPC) has finalized an agreement with Baker Hughes for the provision of equipment for its first exploration well in The Bahamas in 2020. However, the company is still working to secure the financing and finalize a rig contract with Seadrill. In August 2019, […]
Venezuelan Mayor Seizes Baker Hughes Facilities
(Argus, 8.Nov.2019) — A warehouse and offices owned by US drilling services firm Baker Hughes were seized yesterday by a local mayor in Zulia state for alleged municipal tax evasion. The takeover of the US company’s installations took place yesterday at 5:30am local time and was enforced by members of […]
Venezuelan Oil Output Could Be Halved Without Chevron Waiver
(S&P Global Platts, Brian Scheid, 14.Oct.2019) — Venezuelan oil production, already averaging a historic low near 600,000 b/d, could quickly plummet below 300,000 b/d if the Trump administration allows a waiver for Chevron and four US oil services companies to expire next week, analysts told S&P Global Platts. “I think […]
Energy Cos Caught In Spat Over Venezuela Sanctions
(Chron, Sergio Chapa, 7.Oct.2019) — Frequent power outages, theft of equipment, a political tug-of-war and billions of dollars in losses would seem to signal to businesses that it’s time to get out of Venezuela. But energy companies with headquarters or major operations in Houston — including the oil major Chevron […]
Chevron To Keep Drilling In Venezuela Despite Sanctions
(Reuters, 26.Jul.2019) — The administration of United States President Donald Trump said on Friday that it has renewed Chevron Corp’s licence to drill for oil and gas in Venezuela despite sanctions, signalling that it sees value in having the US oil producer operate in a country on the verge of […]
Chevron Call To Chart Venezuela Sanctions
(Argus, 25.Jul.2019) — A US government decision over Chevron’s expiring license to work in Venezuela is the first test of its willingness to ease sanctions that have so far failed to bring about regime change. Under oil sanctions imposed on 28 January, the US Treasury gave Chevron and a clutch […]
KBR Adds BHGE To Development Of Mid-Scale LNG Reference Design
(KBR, 8.Apr.2019) — KBR, Inc. announced it has selected Baker Hughes, a GE company, as part of the ongoing development of KBR’s standardized mid-scale Liquefied Natural Gas (LNG) design. The design utilizes ConocoPhillips’ Optimized Cascade® technology as part of a broader partnership previously announced by KBR and COP. The mid-scale […]
McDermott Awarded Services Contract By Talos Energy
(McDermott, 15.Nov.2018) — McDermott International, Inc. announced a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED. McDermott […]
Baker Hughes to Bid for Petrobras PSC -Baker Hughes Executive
(Reuters, Marta Nogueira, Alexandra Alper, 2.Oct.2018) — General Electric Co’s unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil’s Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields. Reuters reported in June that […]
Venezuela Oil Production Continues to Collapse
(Energy Analytics Institute, Jared Yamin, 12.Sep.2018) — The decline is consistent and constant as well as consistently and constantly bad, writes Caracas Capital Market in a research note emailed to clients. Summary details from the research note follow: OPEC released the production counts for its member states today and while […]