Baker Hughes

Shell (NYSE:RDS), C3 AI (NYSE:AI), Baker Hughes (NYSE:BKR), and Microsoft (NASDAQ:MSFT) today announced the launch of the Open AI Energy Initiative™ (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. The OAI provides a framework for energy operators, service providers, equipment providers, and independent software vendors for energy services …

Baker Hughes and PAO NOVATEK have signed a cooperation agreement aimed at reducing carbon emissions from natural gas and liquefied natural gas (LNG) production. The two companies will cooperate on the development and implementation of innovative compression and power generation technology solutions from Baker Hughes for NOVATEK’s LNG projects, supporting …

In November, a new performance level was achieved for “days per 1,000 meters drilled” indicator during construction of one of wells in the South Hub: 2.65 days / 1,000 m, while the target indicator for the current year is 3.85 days / 1,000 m. As a result, a horizontal well was drilled in …

Baker Hughes announced today it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas and broader industrial operations. The …

The largest Caspian oil and gas event came to a close today after going online for the first time in its history. The Caspian oil and gas industry has demonstrated resilience to overcoming low oil prices, the COVID-19 crisis and technological challenges by transforming them into sustainable opportunities. The special …

Baker Hughes Company announced results today for the third quarter of 2020. “Despite continued uncertainty in global oil and gas markets and the ongoing impact of the COVID-19 pandemic, we produced solid results in the third quarter of 2020. I am pleased with the continued execution on cost-out from our …

Baker Hughes announced today the release of its 2019 Report on Corporate Responsibility. The report highlights performance data for the full year 2019 in the areas of planet, people and principles, and includes Baker Hughes’ contributions to the energy transition to achieve net zero carbon emissions by 2050. As an energy …

Orders of $4.9 billion for the quarter, down 12% sequentially and down 25% year-over-year Revenue of $4.7 billion for the quarter, down 13% sequentially and down 21% year-over-year GAAP operating loss of $52 million for the quarter was favorable sequentially and unfavorable year-over-year. Adjusted operating income (a non-GAAP measure) of $104 million for the quarter, down 56% sequentially and …

Baker Hughes announced today that the Baker Hughes Board of Directors declared a cash dividend of $.18per share of Class A common stock payable on June 5, 2020 to holders of record on May 26, 2020. About Baker Hughes: Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to …

In light of the consequences of COVID-19 and global market volatility, the 23rd World Petroleum Congress has been postponed to December 5-9 2021, it was announced today by WPC President Tor Fjaeran and the Organizing Committee Chairman, Jeff Shellebarger. The decision from the World Petroleum Council Executive Committee and 23rd …