Core Insights - Baker Hughes has secured a long-term service agreement with bp for the Tangguh LNG plant in Papua Barat, Indonesia, lasting 90 months, which includes spare parts, repair services, and engineering support for critical turbomachinery [1][5] - This agreement builds on a partnership that dates back to 2009, highlighting Baker Hughes' ongoing role in supporting bp's energy projects [2] - The Tangguh LNG facility is crucial for Indonesia's energy strategy and the Asia-Pacific region's energy supply, with Baker Hughes' support ensuring the reliability of essential turbomachinery [3] Company and Industry Summary - The agreement emphasizes Baker Hughes' commitment to advancing energy development in Indonesia and its strategic focus on LNG equipment asset management services [4][5] - Baker Hughes is collaborating with local partner PT Imeco Inter Sarana to meet local content requirements, showcasing its dedication to local engagement [4] - The company aims to expand its service capabilities in the Asia-Pacific region to address growing energy demands and transition needs [5]

Financial Performance - FY25 Q2 revenue was $18 million, down 26% quarter-over-quarter[17] - FY25 Q2 gross profit was $1.7 million, down 70% quarter-over-quarter[17] - FY25 Q2 net loss was $9.8 million, a 126% increase quarter-over-quarter[17] - FY25 Q2 adjusted EBITDA was a loss of $6.5 million, down 129% quarter-over-quarter[17] - Trailing twelve months (TTM) revenue was $116.5 million, down 15% year-over-year[20] - TTM gross profit was $46.4 million, down 17% year-over-year[20] - TTM net loss was $16.4 million, down 202% year-over-year[20] - TTM adjusted EBITDA was $16 million, down 53% year-over-year[20] Segment Performance - Smart Water segment Q2 revenue increased 48% quarter-over-quarter to $9.5 million[25] - Energy Solutions segment Q2 revenue decreased 77% quarter-over-quarter to $2.6 million[31] - Intelligent Industrial segment Q2 revenue decreased 13% quarter-over-quarter to $5.9 million[37] Smart Water Segment - Over 27 million Hydroconn® universal AMI connectors have been sold[13] - Hydroconn® connectors achieved their highest first six-months revenue to date[15, 28] - Hydroconn® smart water meter connector cabling product line is BABA compliant[29]

HOUSTON and LONDON, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has completed its all-cash, $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated. Adrienne M. Lynch +1 713-906-8407 adrienne.lynch@bakerhughes.com Investor Relations Chase Mulvehill +1 346-297-2561 investor.relations@bakerhughes.com The transaction brings a complementary portfolio of products to Baker Hugh ...

Core Insights - Baker Hughes Company (BKR) has announced a definitive agreement to acquire Chart Industries (GTLS) for $210 per share, valuing the deal at $13.6 billion, which is a strategic move to enhance its Industrial & Energy Technology segment [1][8] Group 1: Acquisition Details - The acquisition is expected to add $4.2 billion in revenues and $1 billion in adjusted EBITDA for Chart Industries in 2024, expanding Baker Hughes' capabilities in LNG and decarbonization markets [2][8] - The deal has been unanimously approved by both companies' boards and is subject to regulatory approvals and a shareholder vote from Chart investors [4] Group 2: Financial Implications - Baker Hughes anticipates $325 million in annualized cost synergies by year three through supply-chain consolidation and operational efficiencies [3] - The transaction is projected to be accretive to growth, margins, earnings per share (EPS), and cash flow, with expectations of double-digit EPS growth within the first full year post-closing [3][8] Group 3: Strategic Positioning - The acquisition strengthens Baker Hughes' aftermarket services business by increasing its installed base and driving recurring revenue streams [3] - Baker Hughes plans to reduce leverage to 1.0-1.5x within 24 months after closing, maintaining its A credit rating and long-term dividend growth strategy [4]

Core Viewpoint - Nabors Industries Ltd. has expanded its Board of Directors by appointing David J. Tudor, enhancing its strategic direction with his extensive experience in the energy industry [1][4]. Company Overview - Nabors Industries is a leading provider of advanced technology for the energy industry, operating in over 20 countries and focusing on safe, efficient, and responsible energy production [5]. Board Appointment Details - David J. Tudor, age 66, has been appointed to the Board effective July 24, 2025, and will serve on both the Audit and Risk Oversight Committees [1][2]. - Tudor has been the CEO and General Manager of Associated Electric Cooperative Inc. since 2016, previously held leadership roles in various energy companies, and has a strong background in the energy sector [2][3]. Leadership Insights - Anthony Petrello, Chairman and CEO of Nabors, expressed confidence that Tudor's leadership and industry knowledge will benefit Nabors and its shareholders [4].

Core Viewpoint - Technip Energies and Shell Catalysts & Technologies have formed a global alliance to exclusively collaborate on delivering a post-combustion amine-based carbon capture solution utilizing Shell's CANSOLV CO2 Capture System [1][2]. Group 1: Alliance Details - The alliance combines Shell's technology expertise with Technip's project delivery capabilities, aiming to provide enhanced solutions in the carbon capture sector [2][3]. - The collaboration is designed to make carbon capture more investable, scalable, and accessible for industrial sectors, facilitating customer decarbonization efforts [3]. Group 2: Leadership Statements - Robin Mooldijk from Shell emphasized that the agreement represents a significant milestone in their partnership, aimed at advancing customer decarbonization plans [4]. - Arnaud Pieton from Technip highlighted the combination of cutting-edge technology and project execution excellence as key to the alliance's success [4]. Group 3: Proven Performance - The alliance builds on a strong foundation with two operational CANSOLV facilities and four CANSOLV-based projects that have reached final investment decisions in the last 24 months, including the Net Zero Teesside Power project [4]. - Both companies have continuously refined their offerings through innovation and operational insights to meet market demands [4]. Group 4: Company Background - Technip Energies is recognized as a global technology and engineering powerhouse, with leadership in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management [6]. - The company generated revenues of €6.9 billion in 2024 and operates in 34 countries with over 17,000 employees [7]. Group 5: Shell Catalysts & Technologies - Shell Catalysts & Technologies focuses on providing tools and technologies to navigate the energy transition, developing innovative solutions for decarbonization [8][9]. - The company leverages its extensive experience in refining and petrochemical operations to offer competitive advantages in the market [10].

Core Insights - Baker Hughes Company (BKR) has partnered with Denmark's state-owned gas distributor Evida to develop CO2 transport solutions in Denmark, supporting the country's carbon reduction goals [1][10] - The collaboration combines Baker Hughes' CO2 process equipment expertise with Evida's pipeline transport capabilities, focusing on scalable solutions for CO2 emitters [2][10] - Evida CO2 is preparing for initial pipeline connections in line with the Danish government's carbon capture and storage (CCS) tender timelines [4][10] Company and Industry Developments - The partnership is positioned to play a crucial role in establishing the CO2 transport infrastructure necessary for Denmark's decarbonization efforts [7] - Denmark's CCS market is gaining momentum, with the issuance of its first CO2 storage permit in late 2022 and the completion of the first CO2 injection into the North Sea in March 2023 [6] - The Danish Energy Agency has prequalified 10 companies for its CCS funding initiative, with final bids due by December 17, 2025, and contracts expected to be awarded in April 2026 [6]

Core Viewpoint - Technip Energies has conducted a share buyback program from June 30, 2025, to July 4, 2025, purchasing a total of 50,000 shares at an average price of €35.741625 per share [1][2]. Group 1: Share Buyback Details - The share buyback program was executed under a discretionary mandate by an investment services provider [1]. - Daily transactions included the purchase of 10,000 shares on each day from June 30 to July 4, 2025, with daily average prices ranging from €35.531312 to €35.902700 [2]. - The total volume of shares purchased during this period was 50,000 [2]. Group 2: Company Overview - Technip Energies is a global technology and engineering company with a focus on LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management [3]. - The company generated revenues of €6.9 billion in 2024 and operates in 34 countries with over 17,000 employees [4].

Core Points - Nabors Industries Ltd. will discuss its operating results for the second quarter ended June 30, 2025, on July 30, 2025, at 10:00 a.m. Central Time [1] - The earnings release will be available after the market closes on July 29, 2025 [1] Conference Call Details - The conference call will be accessible via dial-in numbers for the US, Canada, and international participants [2] - A recording of the conference call will be available for replay for one week until August 6, 2025 [3] - A live audio webcast of the conference call will be available on Nabors' website [4] Company Overview - Nabors Industries Ltd. is a leading provider of advanced technology for the energy industry, operating in over 15 countries [5] - The company focuses on drilling, engineering, automation, data science, and manufacturing to innovate energy solutions and support the transition to a lower-carbon world [5]

Group 1 - Technip Energies will release its first half 2025 financial results on July 31, 2025, at 07:30 CEST [2] - A conference call to discuss the results will take place on the same day at 13:00 CEST, with participation details provided [2] - The event will also be available via a webcast, which requires registration at least 10 minutes prior to the call [2] Group 2 - Technip Energies is a global technology and engineering company with a focus on LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management [3] - The company generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris [4] - Technip Energies employs over 17,000 people across 34 countries, emphasizing sustainability and innovation in its operations [4]