Baker Hughes, a GE company (NYSE: BHGE), has committed to reducing its CO2 equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050, the company said Jan. 28 in a news release.
While energy bankruptcy filings slowed in 2018, the total amount of debt in oil and gas remains staggering, a recent Haynes and Boone report says.
McDermott International Inc. (NYSE: MDR) on Jan. 24 said it has been awarded a significant contract award by BP Trinidad & Tobago LLC (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 35 miles (57 km) southeast off the coast of Trinidad.
At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.
The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.
Houston-based Halliburton said revenue from North America fell about 2% to $3.3 billion from a year earlier and dropped 11% from the third quarter.
Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers.