Baker Hughes

Baker Hughes, an energy technology company, and Controlled Thermal Resources (CTR) have entered into definitive agreements to collaborate on the development of up to 500 MW of baseload geothermal power at CTR’s Hell’s Kitchen project in Imperial County, California. The staged development, announced September 9, will deliver baseload geothermal energy at scale, providing reliable power […]

U.S.-based energy tech company Baker Hughes is joining with Australia’s Woodside Energy in an initiative to develop a lower-carbon power generation technology solution specifically designed for oil and gas, heavy industries, and other smaller-scale applications.

By bringing condition monitoring to the remaining rotating machinery, plants could multiply efficiencies, ROI, and cost savings. >CLICK HERE to learn how Machine Health could revolutionize your reliability program with our all-new eBook< The financial risks of ignoring balance‑of‑plant assets Reflect on this: a typical power generation facility may house hundreds of rotating machines. Traditionally, only […]

NET Power will combine with Rice Acquisition Corp. II (RAC II), a decarbonization solutions special purpose acquisition company (SPAC), in a new business direction designed to accelerate the deployment of NET Power’s much-watched novel natural gas–fired power plant technology. When the business combination transaction closes as expected in the second quarter of 2023, the new company, […]

HOUSTON, Texas & REDWOOD CITY, Calif. (March 22, 2022) — Energy technology company Baker Hughes (NASDAQ: BKR) is collaborating with C3 AI (NYSE: AI), Accenture (NYSE: ACN) and Microsoft on industrial asset management (IAM) solutions for clients in the energy and industrial sectors. The collaboration will focus on creating and deploying Baker Hughes IAM solutions […]

There’s new interest in one of the world’s oldest resources, as governments and investors worldwide look for advanced ways to tap geothermal energy. Geothermal wells have been producing energy for more

Oilfield service providers are increasingly moving beyond oil and gas development work, and into renewable energy projects, according to a study conducted by Rystad Energy, an independent research and business intelligence company that provides data, tools, analytics, and consultancy services to the global energy industry. In findings released on Oct. 29, Rystad said that oil […]

Many combined cycle power plants are being operated as peaker plants, rather than as baseload units. That can pose a problem for economizer safety valves. Pilot-operated safety valves offer several advantages

HOUSTON, March 11, 2019 — McDermott International, Inc. (NYSE: MDR) and Baker Hughes, a GE company (NYSE: BHGE) have announced today that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal. BP, […]

It’s been a tumultuous couple of years for GE. The company’s stock price has been decimated by the market, decreasing more than 75% from a high of nearly $32 a share as recently as December 2016. Dow Jones removed the company from its benchmark Industrial Average in June, and GE’s Board of Directors sacked CEO […]

HOUSTON, Texas and BOSTON, Massachusetts (November 13, 2018) — Baker Hughes, a GE company (BHGE), and General Electric Company (GE) jointly announced today the entry into a series of long-term agreements that amend the commercial and technological relationships between the two companies. The agreements focus on: Long-term collaboration on critical rotating equipment, including aero-derivative and […]

General Electric (GE) saw its stock price surge more than 7% on June 26 after the company said it would dissolve its stake in oil services company Baker Hughes and spin off its healthcare unit over the next few years. The announcement comes one day after GE said it would sell its Distributed Power business, […]