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Baker Hughes Dips Into Carbon Capture as Climate Pressures Grow

  • Technology grabs carbon efficiently, oilfield servicer says
  • Carbon capture is one of oil industry’s favored green goals
relates to Baker Hughes Dips Into Carbon Capture as Climate Pressures Grow

Photographer: Matt Nager/Bloomberg

Baker Hughes Co., one of the world’s biggest oilfield servicers, bought technology that enables companies to capture carbon emissions with a view to storing them underground as the industry faces growing pressure over its contribution to climate change.

Baker Hughes acquired a company called Compact Carbon Capture, according to a statement Tuesday. Terms weren’t disclosed. The deal brings technology that pulls in carbon emissions more efficiently than rival methods do, Baker Hughes said.