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BP awards contracts to McDermott, BHGE
March 12, 2019
Source: World Oil

BP awards contracts to McDermott, BHGE

Oil supermajor BP plc has awarded contracts to McDermott and BHGE for subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment. The contract pertains to the Greater Tortue Ahmeyim natural gas project, offshore Mauritania and Senegal. The latest awards to McDermott and BHGE comes after an initial FEED phase, awarded in March 2018, during which the firms operated together on a four-well development phase.

BHGE introduces MILLITE
Feb. 7, 2019
Source: World Oil

BHGE introduces MILLITE

Baker Hughes, a GE Company has introduced MILLITE lightweight frac plug. This frac plug is said to be different from the conventional plugs available in the market. The plug has been constructed using alloy material and does not contain any heavy metal or ceramic part. MILLITE enables smooth milling and enhanced clean up. Further, it eliminates the preset risk and has safe run-in rates in excess of 600 ft/min.

BHGE reports increased revenue in 2018 results
Feb. 2, 2019
Source: World Oil

BHGE reports increased revenue in 2018 results

BHGE has reported its fourth quarter results. The year 2018 also marked the first full year for BHGE as a combined company . BHGE has completed $6.9 billion in orders which is the largest in 3 years. The revenue generated by BHGE was $6.3 billion and the free cash flow was $876 million. The CEO said, "We moved beyond the initial integration phase into the next chapter for BHGE."

Baker Hughes releases LUMEN methane detection system
Jan. 29, 2019

Baker Hughes releases LUMEN methane detection system

BHGE unveiled LUMEN digital methane detection platform, designed for monitoring the levels of methane for oil and gas operators. The platform deploys ground-based and drone-based sensor systems to monitor levels of methane. The oilfield services giant unveiled the platform on the first day of BHGE’s 20th annual meeting in Italy. LUMEN leverages machine learning and proprietary algorithms to provide methane concentration data.

McDermott and BHGE come together for Equus
Dec. 13, 2018
Source: World Oil

McDermott and BHGE come together for Equus

McDermott International and BHGE have signed a MoU with Western Gas Corporation Pty Ltd, announced America’s multinational EPC Company. These two companies will be the exclusive development partners for the Equus Gas Project in Western Australia. Work scope of this contract will include advancement of pre-FEED and FEED to final investment decision (FID). BHGE and McDermott will commence EPCIC after FID for the entire field development.

BHGE inaugrates its first artificial  lift facility in Oman
Dec. 12, 2018
Source: World Oil

BHGE inaugrates its first artificial lift facility in Oman

Baker Hughes, a GE company has taken an initiative to enhance oil production, optimize production and save costs in Oman. The energy major has joined forces with the Petroleum Development Oman (PDO) for the same. They will be opening the first artificial lift systems assembly and repair facility in Oman in order to support PDO’s operations and customers in the region.

BHGE launches Subsea Connect
Nov. 29, 2018
Source: World Oil

BHGE launches Subsea Connect

BHGE has come up with a new deepwater modular technology, combining planning and risk management. The company has informed about the launch of Subsea Connect, and Aptara TOTEX-lite subsea system, a new approach towards subsea development. It also unravels additional 16 Bbbl of global reserves. It will provide 4 key solutions: Project Connect, Reservoir to Topsides Technology Solutions, Flexible Partnerships and Commercial Models and Digital Enablement.

McDermott secures contract for GOM field
Nov. 16, 2018
Source: World Oil

McDermott secures contract for GOM field

McDermott International has secured a contract for concept and engineering services for Talos Energy's Zama field project. McDermott will manage this contract with io oil & gas consulting, a JV between McDermott and BHGE. The EPC giant will provide the follow-on pre-FEED services, based on the final concept solution identified by io. Work is expected for completion in 3Q2019.The Zama development is the first offshore Mexico block awarded to a private operator.

BHGE and GE arrive at long-term collaboration
Nov. 16, 2018
Source: World Oil

BHGE and GE arrive at long-term collaboration

Baker Hughes, a GE company, and General Electric have entered into a long-term agreement that will elevate their commercial and technological relationships to the next level. The agreements emphasize long-term collaboration on critical rotating equipment, BHGE access to GE Digital software and technology, and operations and pricing within BHGE digital solutions. With these, both the firms look forward to delivering high-value technologies and solutions to customers across the globe.

Saudi inks $50 billion deals
Oct. 24, 2018
Source: Reuters

Saudi inks $50 billion deals

Saudi Arabia yesterday inked deals worth $50 billion in the capital city, Riyadh. The deals are concerned with sectors of oil, gas, infrastructure and others and were announced at the Future Investment Initiative. According to state television, the firms involved in the deals includes commodities trader Trafigura, Total, Hyundai, Norinco, Schlumberger, Halliburton and Baker Hughes. State-owned Saudi Aramco entered into agreements with 15 international firms worth more than $34 billion.

BHGE and AFRC join hands
Oct. 11, 2018
Source: World Oil

BHGE and AFRC join hands

BHGE and the world-renowned Advanced Forming Research Centre (AFRC) at the University of Strathclyde have come together to work on advanced manufacturing for oil and gas. They will jointly explore the way latest advanced manufacturing tools and processes are driving more efficient, smarter techniques to cut cost and improve productivity across BHGE’s operations. The AFRC will assist BHGE in identifying prospects to reduce costs and cycle time.

BHGE to acquire 5% stake in ADNOC
Oct. 9, 2018
Source: World Oil

BHGE to acquire 5% stake in ADNOC

Oilfield services giant, BHGE has acquired 5% stake in Abu Dhabi’s state-owned, ADNOC Drilling. This is the first time an international partner has taken a direct equity stake in an existing ADNOC services business. BHGE will provide ADNOC Drilling with specialized equipment and technologies. ADNOC Drilling, which is the Middle East’s largest drilling company, supplies oil rigs to other ADNOC businesses.

ONGC awards contract to BHGE consortium
Oct. 4, 2018
Source: World Oil

ONGC awards contract to BHGE consortium

India’s E&P major, ONGC has awarded a subsea contract to the consortium of BHGE, McDermott International, and L&T Hydrocarbon Engineering (LTHE). The contract pertains to the development of block DWN-98/2 in the Krishna Godavari basin, ONGC’s largest deepwater project till date. The consortium will supply all subsea production systems (SPS), including 34 deepwater trees, alongwith the installation of SURF.

Saudi Aramco awards services contract to BHGE
Sept. 19, 2018
Source: World Oil

Saudi Aramco awards services contract to BHGE

Oilfield services giant, BHGE secured Saudi Aramco’s first large-scope integrated services contract for the Marjan oilfield. The largest upstream development project this year, Marijan is first in the line of three major offshore expansions in Saudi Arabia. The scope of the contract includes drilling services, coiled tubing services and drilling fluids engineering services in Marjan. BHGE will deploy logging-while-drilling, reservoir navigation services, and rotary steerable services on the field.

Rig count in US rises
Sept. 15, 2018
Source: Reuters

Rig count in US rises

US oil firms added oil rigs for the second time in the last three weeks since June due to pipeline constraints in the country’s biggest oilfield. Oil companies added 7 oil rigs in the week that ended on Sept. 14, the biggest weekly increase in a month. The total rig count reached 867, oilfield services giant BHGE said in its report on Friday.

SOCAR hands contract to BHGE
Sept. 13, 2018

SOCAR hands contract to BHGE

SOCAR Turkey Energy AS has awarded a contract to oilfield services giant, Baker Hughes to deploy its proprietary Asset Performance Management (APM) software at SOCAR’s refining and petrochemical complexes in Turkey. The contract has come as part of an asset management system establishment and implementation project at the complexes. BHGE will carry out the contract with cooperation with Flour Corporation.

Aramco steps ahead towards expansion
Sept. 5, 2018
Source: Saudi Gazette

Aramco steps ahead towards expansion

Successfully executing its offshore expansion plan, Saudi Aramco has awarded a contract to Baker Hughes, a GE company for its Marjan oilfield on Tuesday. It is the very first large-scope integrated services contract. The scope of this contract involves coiled tubing services, drilling fluids engineering services, and drilling services in the field. CEO of BHGE said that this procurement reflects the company’s “strong performance track-record in Saudi offshore operations.”

BHGE gifts PMM to the industry
Aug. 30, 2018
Source: World Oil

BHGE gifts PMM to the industry

Oil and gas industry has been gifted with another important innovation, Permanent Magnet Motor (PMM) by BHGE. It will facilitate the operators to upsurge the efficiency of ESP system, which in turn will reduce the power requirements and hence, overall cost will be lifted. Also, PMM will deliver higher power density and same level of horsepower can be achieved by operators with the use of smaller motor.

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