Commodities

Baker Hughes sells PSI product line to Crane Firm for $1.15 billion

Baker Hughes has reached an settlement to promote its Precision Sensors & Instrumentation (PSI) product line to Crane Firm, a diversified producer of engineered industrial merchandise, for a complete money consideration of roughly...

Kongsberg and offshore leaders launch Distant DP Operations pilot

Kongsberg Maritime has introduced a partnership with Solstad, Østensjø, DeepOcean, and Remota that may launch a pilot mission to discover the potential for distant Dynamic Positioning (DP) operations within the offshore sector. ...

Power jobs present resiliency regardless of broader labor market cooling

The Power Workforce & Know-how Council has launched its Might 2025 jobs report, highlighting continued resilience within the power providers sector amid indicators of a broader nationwide labor market slowdown. Whole jobs within the...

Vermilion Vitality exits U.S. market with $88 million asset sale

Vermilion Vitality Inc. has entered right into a definitive settlement for the sale of its U.S. belongings for money proceeds of ~$88 million ($120 million CAD). ...

DRIFT Offshore tackles subsea abilities scarcity with new world coaching partnership

Subsea resourcing and coaching specialist DRIFT Offshore has entered into a brand new partnership settlement with UHI North, West and Hebrides, to assist handle the worldwide abilities scarcity within the subsea {industry}. ...

TotalEnergies, Shell trade stakes in two offshore Brazil fields

TotalEnergies has signed an settlement with Shell to trade its 20% non-operated curiosity...

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