BP shares are at their highest level since August following Elliott's stake increase
In early trading on Monday, shares of oil giant BP rose 7%, reaching their highest level since August, following reports that activist investor Elliott Management acquired a stake in the firm, citing a reliable source.
Markets: The Challenges of Developing Floating Wind at Scale
Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K.
BHGE to Bring AI to Oilfield
Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial Intelligence (AI) software provider C3.ai to accelerate…
FairfieldNodal Welcomes New Member to Its Board of Directors
Seismic nodal technology and services firm FairfieldNodal has welcomed Knut Eriksen as the newest member of its Board of Directors. Eriksen recently retired from Oceaneering International…
Freeport Reviewing Options for O&G Business
Energy and mining company Freeport-McMoRan Inc said it is reviewing strategic options for its oil and gas business, including a spinoff, joint venture or a public offering. Activist investor…
Freudenberg Acquires BlueSky Process Solutions
The Freudenberg Group informs it has strengthened its position as a global supplier for the upstream oil and gas market as its Freudenberg Oil & Gas Technologies Business Group has acquired…
ABB Acquires Dutch Oil, Gas Flow Measurement Firm
ABB says it has agreed to acquire Spirit IT of Eindhoven, Netherlands, to add a new line of high-performance liquid flow computers, SCADA and custody transfer solutions to ABB’s measurement business for the oil and gas industry.
