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Baker Hughes won a contract valued over $400 million to supply compression systems for Adnoc's Ruwais LNG project.

Baker Hughes has been contracted by Azule Energy to provide subsea equipment and services for the Agogo oilfield.

The scope includes the supply of 20 compression trains based on Frame 5 gas turbine and BCL compressor technology.

The company posted revenue of $6.84 billion for the fourth quarter of 2023, up three percent quarter over quarter and 14 percent year over year.

Baker Hughes reported a net income of $518 million for the third quarter, compared to a net loss of $17 million in the prior-year period.

Baker Hughes has announced it is acquiring Altus Intervention, an international provider of well intervention services and down-hole oil and gas tech.

The North America rig count stayed flat week on week, according to Baker Hughes.

North America added eight more rigs week on week, according to Baker Hughes.

The integrated services project is set to start in the first half of 2025.

Baker Hughes has published its 2021 Corporate Responsibility Report, outlining actions the company has taken to fulfill its net-zero carbon reduction goals by 2050.