The number of active rigs drilling for oil and gas in the U.S. rose by 2 to 588 for a third consecutive weekly gain, Baker Hughes said.

HD KSOE unveils nuclear-powered container ship design. Find the latest news from the maritime industry on the PortNews website.

Free tax flow exceeded expectations, and the German turbine maker now said it will exceed its current Free Cash Flow pre-tax ...

Taking a well-to-wake approach to CO2 emissions means that the shipping industry will look beyond emerging engine ...

The agreement was signed during the Baker Hughes 2025 Annual Meeting in Florence. The new ammonia turbine will be suitable for marine applications but also for onshore and offshore applications ...

The new ammonia gas turbine combines Baker Hughes' compact turbine technology with PSM's ammonia combustion system, a US-based subsidiary of Hanwha.

Ammonia-fueling is widely seen as key to shipping’s decarbonization. And while ammonia fueled four stroke engines will soon be a reality, ammonia gas turbines could be in the not too distant future.

Hanwha Group has partnered with Baker Hughes, a global energy technology company, to co-develop turbines fueled by ammonia as the Korean conglomerate aims to produce the world’s first ships ...

Energy technology firm Baker Hughes has partnered with South Korea's Hanwha Ocean and Hanwha Power Systems to jointly develop a small-scale ammonia turbine for shipping applications. The companies ...

SEOUL, Feb. 4 (Yonhap) -- South Korea's Hanwha Group said Tuesday it has partnered with global energy technology firm Baker Hughes Co. for the joint development of a low-carbon ammonia gas turbine.