As around 75% of Mexico’s oil and gas producing wells are ageing, intervention activities should remain resilient in the years ahead, likely surpassing $3 billion from 2021 to 2023, a Rystad Energy analysis shows. Around 30% of that will be spent onshore with the remaining 70% going offshore.
Aker Solutions and Kvaerner are on track to implement the planned merger in mid-November. This will create a supplier that will enable customers, industry and societies to accelerate the transition to sustainable energy production.
Baker Hughes has acquired Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions.
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