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voltsdaily

Sunday, 26 July 2026

7 briefs so farlast update 18:52 UTC

Key points

  • KOC Takes USD 16 Billion Pipeline Deal With Blackstone, Brookfield, KKR.
  • Germany Plugin EV Share Hits 37.7% in Q2 2026, Tesla Model Y Leads.
  • CleanTechnica Argues Domestic EV Policy Sets Global Car Hierarchy.
  • Baker Hughes Books USD 10.5 Billion in Q2 Orders, Lifts IET Order Guidance.
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Markets

Expro Closes Enhanced Drilling Deal, Adds Managed Pressure Drilling to Offshore Line

Expro has closed its purchase of Enhanced Drilling, bringing managed pressure drilling (MPD) and riserless mud recovery (RMR) technologies into its offshore well construction portfolio, according to World Oil.

The acquired business runs both technologies as proprietary systems. World Oil reported that Enhanced Drilling has deployed them in offshore basins including the North Sea, the Gulf of America, West Africa, the Caspian and Asia Pacific.

Expro said integration work is already running, and that service continuity for existing customers will be maintained through the transition, according to World Oil.

MPD controls annular pressure while a well is drilled, widening the drilling window in formations where the margin between pore pressure and fracture pressure is narrow. RMR returns drilling fluid and cuttings from the seabed to the rig without a marine riser, a method used on top-hole sections. Both sit on the well construction side of the offshore services market rather than in production or intervention work.

The deal gives Expro a technology set already proven across the basins listed by World Oil, spanning mature North Sea acreage and deepwater work in the Gulf of America and West Africa.

Source: worldoil.com (opens in a new tab)1 sourcePermalink

Markets

Baker Hughes Books USD 10.5 Billion in Q2 Orders, Lifts IET Order Guidance

Baker Hughes booked orders of USD 10.5 billion in the second quarter of 2026, of which USD 7.1 billion came from its IET segment, according to the company's results release distributed by GlobeNewswire Energy.

Revenue for the quarter reached USD 6.7 billion, with attributable net income of USD 681 million, the release states. Adjusted EBITDA came in at USD 1,231 million.

Remaining performance obligations stood at USD 40.1 billion, including a record IET RPO of USD 37.1 billion, according to the company.

On the strength of that order intake, Baker Hughes raised its full-year IET order guidance and increased its Horizon 2 IET orders outlook to more than USD 45 billion.

Cash flows from operating activities totaled USD 1,345 million in the quarter, with free cash flow of USD 1,109 million, per the release.

The company also moved on both sides of its portfolio. In July it completed the previously announced purchase of Chart Industries, Inc. in an all-cash transaction. Separately, Baker Hughes announced the sale of Waygate Technologies to Hexagon for approximately USD 1.45 billion in cash, before customary closing adjustments.

Source: globenewswire.com (opens in a new tab)1 sourcePermalink

Large industrial gas turbine module under assembly inside a modern manufacturing facility with overhead cranes and steel piping.
Photo: Tom Fisk / Pexels (opens in a new tab)