ICM Group’s Post

This week Baker Hughes announced our fourth quarter and full year 2023 earnings results. We are very pleased to have contributed to overall performance, noting that we: ✔ Expanded the reach of its Cordant™ digital solutions and reached a multi-year contract deal with a major multinational oil & gas company to centralize asset condition and performance monitoring (System 1™) across 33 sites ✔ Were part of a multi-year contract awarded to IET by an Oil & Gas corporation for Asset Health software and services, pursuant to which Baker Hughes will implement Asset Health (System 1™) software across 12 offshore platforms and build a center of excellence in their headquarters. We continue to take Energy Forward with strong financial performance, a clear strategy, and a leading sustainability portfolio. On behalf of the Industrial & Energy Technology (IET) segment and Industrial Solutions product lines, thank you to our clients and employees for an exceptional close to 2023! Read the full release here: https://lnkd.in/gBcVWfuQ #WeAreBakerHughes #Sustainability #LNG #Offshore #EnergyTechnology #EnergyTransition

Revolutionize Asia Pacific oil and gas operations with AIS! Transitioning to digital operations is challenging, both technically and organizationally. Accurate and timely delivery of information is essential for informed decision-making. AIS enables the transition, delivering tangible, measurable value by providing clarity where you need it most, consistency at every level, and rapid access to planning and operational information for your teams. Our core solution, R2S, is a global leading industrial visual asset management application that supports teams who operate and manage production critical infrastructure in hazardous environments. Ready to revolutionize your operations? Learn how AIS can help you revolutionize your operations: https://lnkd.in/dx5Enq-V #oilandgas #asiapacific #digitaltwin #r2s

🌊 Exciting News in the #Subsea #Control #Systems #Market! 🚀 🌐Dive into the Subsea Control Systems Market! https://lnkd.in/dXnvwKfS The Subsea Control Systems Market has hit a record valuation of US$ 3.85 Bn. in 2022, and the forecast is even more promising! 📈 Anticipating a robust growth rate of 9.23% from 2023 to 2029, we're on track to reach an impressive US$ 7.15 Bn. 🔍 Dive into the Market Dynamics: The surge is attributed to the flourishing offshore oil & gas industry and the surge in ultra-deep-water & deep-water production. Major global players are strategically investing in their subsea ventures for success. In 2018, Baker Hughes invested US$ 62.4 Mn. to strengthen its foothold in North East Scotland. 🌍 Global Opportunities: The adoption of subsea control systems by both developing and developed countries is opening avenues for key players. Challenges persist, from productivity to production issues and refining costs. Elevating subsea controls' performance is pivotal for achieving operational excellence. 👥 Meet the Key Players: FMC Technologies (U.S) Halliburton (U.S) AKER SOLUTIONS ASA (Norway) OneSubsea (U.S) #SubseaTech #OilandGas #MarketInsights #BusinessExpansion

The productivity prize in oil and gas: Lessons from top performers: Workforce productivity varies significantly across upstream oil and gas companies. Understanding the productivity gap—and the three levers to close it—could boost company performance and resilience. http://dlvr.it/T2TsMZ

🌟 Our vision is bold and ambitious. In three words: One Digital Well. 🌟 This simple phrase encapsulates our goal to revolutionize the way energy companies approach oil and gas operations. We are committed to pushing boundaries and innovating in ways that will transform the industry and enable operators to achieve new levels of performance. 🤔 What does this mean for you? It means streamlined operations, enhanced collaboration, and cost reduction. With IDEX at the forefront of digital innovation, you can expect optimized workflows that refine every stage of the well lifecycle—from drilling and intervention to completion and abandonment. This commitment ensures unparalleled results for your operations, delivering top-tier performance consistently. #DigitalTransformation #Innovation #Toptierwells #IDEX #OneDigitalWell 🚀

🛢️ Embrace the Thriving Future! 💼💪 The Oil and Gas Industry is set to soar to $8,670 billion by 2027. In 2023 the Oil and Gas Industry size to grow to $7,330 billion from $6,989 billion in past year (Source: TBRC Bussiness 2023). With a 4%+ CAGR, it's a realm of constant growth and exciting possibilities. Be smart, adaptable, and tech-savvy to ride this upward trajectory. 🚀 Communication and teamwork are key to unlocking success in this dynamic sector. Working in Oil and Gas Industry require you to interact and work with alot of parties and peoples with different background and culture this what made this Industry exciting and also special! We work together to uncover the mystery beneath the Earth 👀 . #OilAndGasIndustry #ExcitingFuture #GlobalGrowth #Teamwork #CommunicationSkills #TechAdvancements #JoinTheJourney 🌐🔥

The oil and gas industry is a vital part of the global economy, and it is important to recognize the people and companies that are making a difference in this sector. There are a number of different award programs that recognize excellence in the oil and gas industry, and these awards can be a great way to motivate employees, boost morale, and promote innovation. The oil and gas industry is vast and complex, encompassing diverse areas of expertise and innovation. Award programs can be tailored to celebrate achievements in various segments, recognizing individuals, teams, projects, and companies for their outstanding contributions. Here’s a breakdown of some common oil and gas award categories: https://lnkd.in/dfHzY5yf

📢 Calling all members of the Oil & Gas community! 🌐✨ Are you ready to elevate your operational excellence game? Then mark your calendars for the upcoming Operational Excellence in Oil & Gas Summit in Houston, TX, this November 7th – 10th! 🗓️🚀 Jeremiah Woodford and Jon Mortensen will share their invaluable insights on enhancing asset longevity and dependability throughout the entire journey—from extraction to delivery. But wait, there's more! 🎉✨ If you can't wait until the summit to learn how to bring operational excellence to all streams of Oil & Gas, I invite you to click on the link below and take a sneak peek into how IFS is revolutionizing maintenance management in the industry. 👉 Link: https://ifs.link/OWX0wj By embracing innovative technologies and fostering a culture of continuous improvement, we can drive greater efficiency, enhance safety, and maximize profitability in this ever-evolving sector. 💡✅ Join us in Houston, TX, and let's shape the future together at the Operational Excellence in Oil & Gas Summit! 🌍🤝 #OperationalExcellence #OilandGasIndustry #Summit2022 #Innovation #Technology #AssetManagement #Efficiency #Safety #Profitability

TPG is a leading oil and gas solution and consulting company that specializes in providing innovative and cost-effective solutions to the oil and gas industry. TPG helps our clients achieve their business objectives by providing expert advice, technical support, and cutting-edge technology solutions. We are committed to delivering exceptional value to our clients through our extensive industry knowledge and innovative approach. Our team of experienced professionals has a proven track record of success in the oil and gas sector, with expertise in areas such as exploration, production and marketing. We work closely with our clients to develop customized solutions that address their unique challenges and opportunities, helping them to optimize their operations, reduce costs, and improve their overall performance. Our core services include: Consulting Services: We provide strategic advice and guidance to help our clients navigate the complex and rapidly changing oil and gas landscape. Our consulting services cover a wide range of areas, including market analysis, project feasibility studies, risk assessment, regulatory compliance, and more. Technical Support: Our team of engineers and technical experts offers a comprehensive range of support services to help our clients optimize their operations, from reservoir management and drilling optimization to production enhancement and asset integrity management. We can help you achieve this excellence by leveraging decades of energy industry benchmarking and advisory experience, a proven methodology, and the world’s largest database of operating costs, uptime reliability metrics, and technical KPIs across a wide range of O&G producing assets.  Our metrics and data are powerful because they are based on actual performance levels of top performing operators and best practices. We help clients identify large, untapped efficiency savings and plan initiatives that boost reliability and operating efficiency and increase profits. Automated data collection and new digital tools help visualize KPIs and monetized performance gaps on an ongoing basis, enabling you to track progress toward your targets. You can also leverage our New Projects OpEx Estimator, a powerful tool for reducing uncertainty in estimating expenditures (OpEx) for greenfield and brownfield O&G projects. Technology Solutions: We develop and implement cutting-edge technology solutions that enable our clients to improve their operational efficiency, reduce costs, and minimize their environmental impact.  #Constrution #aerospace #defence #manufacturing   #energy   #telecommunications   #oilandgas   #metal #miningindustry #production

Providing timely capital is crucial for businesses to seize growth opportunities. Six months ago, a client in the oil and gas industry approached us, poised to expand their operations but lacking the necessary funds to do so. Recognizing their potential, we swiftly provided the capital they needed to fuel their growth trajectory. With our support, they successfully expanded their operations, increasing revenue streams and solidifying their market position. Today, this client has returned to us for additional funding. Thanks to our strong relationship and their proven revenue growth, we were able to secure them a significantly larger capital infusion at a better rate, enabling them to accelerate their growth plans even further. #SuccessStory #EmpoweringGrowth