Baker Hughes rebranded from BHGE (removing the General Electric part of the company’s name), with an eye on digitalisation and a move towards energy transition and sustainability practices. The company reported revenue of $5 billion for Q3 2020, up 4% from the previous quarter, and down 14% year on year.
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Aramco announces expansion of its flagship localization program
Plans involve business collaborations across multiple growth sectors
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KSA electricity sector overhaul to reduce liquid fuel use
The kingdom is aiming to reduce emissions, improve reliability, and work towards its sustainability goals
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Aramco awards major contracts for brownfield projects as part of new strategy
Eight companies have been awarded Long-Term Agreements for a six-year base period and extendable for an additional six years
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Q&A: How EPC firms play a major role in the energy transition
Matthew Harwood, McDermott’s global vice president of risk, sustainability, and strategy, talks about the company’s efforts to boost sustainability, and the role of the EPC sector in the wider energy transition
Posted inDRILLING & PRODUCTION
GCC upstream carbon emissions could increase 30% by 2030 if steps are not taken
GCC oil and gas players have started to move in the right direction towards a cleaner future and must continue their efforts to decarbonize their operations
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Oil and gas industry has ‘historic opportunity’ to push for sustainable future: UK minister
$15 trillion-worth of investment expected to be made in new power capacity globally by 2050
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ADNOC will consider potential of hydrogen and new fuels
ADNOC CEO Dr. Sultan Al Jaber said that the company would cut its carbon intensity by a further 25%, and would look into new fuels as energy sources
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Exclusive Q&A: How R&D fuels Saudi Aramco’s growth strategy
Ashraf Al Tahini, he head of Saudi Aramco’s upstream research and development unit EXPEC ARC, talks about the company’s strong push into technological research, its role in bolstering resilience during a crisis like the pandemic, and the future for upstream research
Posted inDRILLING & PRODUCTION
Global emissions now down by 7%, but this is not good news: IEA
The drop was not due to changing policies or long-term strategies, but because of the pandemic