Energy Companies Well Suited To Adapt to Industry 4.0
Industry 4.0, the latest industrial revolution, has hit the manufacturing sector, building upon the adoption of computers and automation into industrial processes. How well suited is the oil and gas industry to leverage the new autonomous systems that could emerge from this transformation?
GE Closes Sale of Baker Hughes Shares
As part of a deal that could net up to $3 billion, GE will lose majority control of Baker Hughes just two years after it acquired the oilfield service company.
Private Equity Fund To Acquire BHGE’s Reciprocating Compression Division
The reciprocating compression division manufactures and services compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines.
Service Companies Show Pricing Power Growth
New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.
BHGE Launches Multimodal Facility Expansion in Angola
The facility will serve as a hub to support customers and projects in the Angola and Southern Africa region.
Qatar Petroleum, ExxonMobil Make FID on Golden Pass LNG
The Golden Pass LNG export project got the go-ahead for a $1-billion liquefaction development. Baker Hughes will supply turbomachinery equipment for three LNG trains. Startup is expected in 2024.
BHGE Wins Historic Services Contract for Twinza's Pasca A
Baker Hughes, a GE company, agreed to provide services and equipment for Twinza’s Pasca A field development, Papua New Guinea’s first offshore gas field.
IT/OT Convergence Plays Critical Role in Cybersecurity Protocol
Industry CIOs examine the challenges operators and service companies face in understanding cybersecurity threats.
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