Baker Hughes has reached an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company, a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion. SourceContinue Reading
The Global Energy Show Canada (GESC) takes place in Calgary this week June 10 – 12, bringing together industry leaders to tackle energy security, climate responsibilities and global demand challenges. “This year’s show marks a significant evolution, both in scale and substance,” said Nick Samain of dmg events. SourceContinue Reading
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement following the National Highway Traffic Safety Administration’s final rule declaring the Biden-era Corporate Average Fuel Economy (CAFE) standards exceeded the department’s authority. SourceContinue Reading
TotalEnergies SE is looking to sell a 50% interest in a large portfolio of renewable assets in the U.S. and is considering a similar stake sale for a smaller group of solar farms in Spain, according to people familiar with the matter. SourceContinue Reading
Kongsberg Maritime has announced a partnership with Solstad, Østensjø, DeepOcean, and Remota that will launch a pilot project to explore the potential for remote Dynamic Positioning (DP) operations in the offshore sector. SourceContinue Reading
Kongsberg Maritime has announced a partnership with Solstad, Østensjø, DeepOcean, and Remota that will launch a pilot project to explore the potential for remote Dynamic Positioning (DP) operations in the offshore sector. SourceContinue Reading
Kongsberg Maritime has announced a partnership with Solstad, Østensjø, DeepOcean, and Remota that will launch a pilot project to explore the potential for remote Dynamic Positioning (DP) operations in the offshore sector. SourceContinue Reading
The Energy Workforce & Technology Council has released its May 2025 jobs report, highlighting continued resilience in the energy services sector amid signs of a broader national labor market slowdown. SourceContinue Reading
Baseline Energy Services LP has recently introduced its first 400 kW mobile power generator, the NexGen 400™, to its growing fleet. The 581 HP NexGen 400 delivers 385 kW of continuous power fueled by natural gas (~1,000 BTU) at full load. SourceContinue Reading
“This transaction, combined with the sale of our East Finn assets in 2023, completes our exit from the United States, allowing us to focus on our core gas-weighted assets in Canada and Europe,” Vermilion said in a statement. SourceContinue Reading
