Baker Hughes released its 2020 Report on Corporate Responsibility. The report provides an expanded view of the company’s environmental, social, and governance (ESG) performance and outlines its corporate strategy and commitments for a sustainable energy future.
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Shell, C3 AI, Baker Hughes and Microsoft Launch Open AI Energy Initiative
Baker Hughes and Microsoft announced the launch of the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.
Read MoreBaker Hughes Expands into Carbon Capture
Baker Hughes said it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas, and broader industrial operations.
Read MoreBaker Hughes Makes Structural Changes
Baker Hughes is making structural changes to account for continued oil demand disruption after the coronavirus crippled economic activity around the world and compounded an historic oil bust, according to Bloomberg.
Read MoreHalliburton, Baker Hughes Stockpiling Sand
Oilfield services providers Halliburton Co. and Baker Hughes Inc. are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. That is good news for the nation’s frac sand producers.
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