GE & Baker Hughes agree to create fullstream digital industrial services company
Complementary transaction combines GE’s oil and gas technology, manufacturing and digital platform with Baker Hughes’ oilfield services offerings and technologies
Drilling & production - 31 October 2016
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Reuters: GE nears US$30 billion deal with Baker Hughes
The Wall Street Journal has reported that the deal would involve merging with GE.
Petrofac extends relationship with Mubadala Petroleum in Thailand
The new 'life of field' agreement covers the provision of operations and maintenance (O&M) services which has the potential to run until 2023.
Offshore oil production in deepwater and ultra deepwater is increasing
The EIA has reported an increase in offshore oil production.
Woodside completes acquisition of ConcoPhillips' interests in Senegal
Woodside now owns 100% of the shares in ConcoPhillips Senegal B.V.