Aker Solutions’ Consultancy Arm Renamed Entr
Aker Solution’s newly christened Entr plans to double its revenue and headcount by 2030.
Baker Hughes to Supply Compression Trains for Algerian Field
Baker Hughes will supply 20 compression trains, which are expected to boost gas production at Alergia’s Hassi R’ Mel gas field.
Berntsen Joins Xcel as Executive VP, Chief Legal and Compliance Officer
Rob Berntsen is assuming the role from Amanda Rome, who had been in the position on an interim basis.
Key Energy Buys Endeavors’ Well Servicing Business
Key Energy Services’ deal comes as Endeavor Energy Resources is selling its upstream assets to Diamondback Energy.
Worley to Design CCS Facilities for Bayou Bend JV
Bayou Bend is a carbon capture and sequestration joint venture between Chevron, TotalEnergies and Equinor located along the Gulf Coast in Texas.
Dividends Declared in the Week of May 6
Here is a selection of upstream, midstream and service and supply companies’ dividends declared in the past week.
Tetra Tech Acquires Convergence Controls & Engineering
Tetra Tech is acquiring Convergence Controls & Engineering to expand its digital water and energy offerings.
OFS Sector Loses Jobs, but Trade Org Says Growth Potential Remains
According to analysis by the Energy Workforce & Technology Council, the OFS job market may still have potential for growth despite a slight decrease in the sector in April.
OTC: SLB Exec Says Goal is to Expand Production, Lower Emissions
Despite rapidly expanding global renewables capacity, oil and gas products will still supply around half of global energy demand by 2040, an SLB executive said during the 2024 Offshore Technology Conference.
Valaris’ 1Q Sets Positive Tone for Offshore
Coming out of first-quarter 2024, drilling contractor Valaris expects a sustained upcycle for the offshore drilling industry supported by demand growth, OPEC+ production cuts and supportive commodity prices.