24 articles
Baker Hughes raised its 2026 revenue forecast to $28.50–$30.30 billion following its $13.6 billion acquisition of Chart Industries. Integration of Chart's LNG equipment and process technology is expec
Baker Hughes reported the U.S. total rig count held steady at 588 this week, remaining up 9.7% year-over-year despite weekly declines in oil rigs. Crude prices are forecast to rise in 2026 due to pote
Baker Hughes has been awarded a contract to provide subsea production systems and digital solutions for Indonesia's Kutei North Hub gas project, supporting an $11.8 billion development initiative sche
Baker Hughes forecasts a modest decline in global oil and gas producer spending due to geopolitical tensions, while securing major LNG orders from Venture Global to support future capacity expansion.
Baker Hughes reported adjusted profits of 64 cents per share for Q2, exceeding analyst expectations of 50 cents, driven by strength in its industrial and energy technology unit despite lower drilling
US crude drilling rigs rose to 452, marking the longest streak without a decline since January 2022 per Baker Hughes. The increase signals shale expansion driven by sustained oil price gains amid geop
U.S. energy firms boosted their rig count to a five-week high since April 2025, per Baker Hughes. The EIA forecasts rising crude and gas output in 2026 amid growing demand from data centers and LNG ex
Baker Hughes reports U.S. oil and gas rig counts rose to 581 for the fourth consecutive week. The EIA forecasts increased crude and gas output in 2026 amid rising demand from data centers and LNG expo
Baker Hughes secured EU antitrust approval for its $13.6 billion acquisition of Chart Industries after agreeing to divest certain process technology businesses to address competition concerns regardin
Baker Hughes signed a 13-year lifecycle service agreement with Nigeria LNG (NLNG) to support its key Train 7 project. This partnership aims to expand NLNG's annual production capacity from 22 million
Baker Hughes reported U.S. energy firms added the most rigs in a week since June 2022, raising the total to 573. The EIA projects crude and gas output will grow in 2026 driven by rising demand from da
Baker Hughes offered remedies to secure EU antitrust approval for its $13.6 billion acquisition of Chart Industries, a manufacturer of industrial equipment for gas and liquid handling, with the Europe
Baker Hughes reports U.S. oil and gas rig count rose to 563, the eighth increase in nine weeks. EIA projects crude output to reach 13.7 million bpd in 2026 driven by data center power demand and LNG e
Baker Hughes reported U.S. energy firms cut rigs for the first time in eight weeks, while the EIA forecasts increased crude and gas output in 2026 driven by data center demand and LNG exports.
Baker Hughes reported U.S. oil and gas rigs increased to 563 for the seventh consecutive week, reaching a high since May 2025. The EIA projects crude and gas output will rise in 2026 amid expected pri
U.S. energy firms added oil and natural gas rigs for a fourth consecutive week, reaching 551 total rigs according to Baker Hughes. The EIA projects crude output to rise to 13.7 million barrels per day
Baker Hughes reported U.S. oil and gas rig counts rose for the third consecutive week to 548, marking the longest streak since February. Despite the increase, total activity remains below last year's
Equinor extended drilling and well services contracts valued at $1.83 billion with suppliers like Baker Hughes and Halliburton to maintain Norwegian shelf production and ensure stable energy supply to
Anaconda Invest SA achieved a 39% return by betting on long oil positions amidst geopolitical tensions, disregarding White House ceasefire signals. The fund prioritizes oil profitability over renewabl
SLB and Baker Hughes forecast rising oil exploration spending due to Middle East supply disruptions, despite recent regional revenue declines. Analysts predict substantial demand for infrastructure re
Baker Hughes beat Q1 profit estimates driven by strong industrial and energy technology orders, despite a 7% drop in oilfield services revenue due to Middle East disruptions. Peers also warned of pote
Hexagon AB acquired Waygate Technologies from Baker Hughes for $1.45 billion, securing inspection tech for mining, agriculture, and manufacturing sectors. Regulatory approval is pending, with closing
Baker Hughes and Cactus completed a joint venture integrating surface pressure control assets, with Cactus holding 65% equity and Baker Hughes receiving $344.5 million. The partnership aims to enhance
Kuwait Petroleum Company and Baker Hughes signed a multi-year agreement to deploy advanced artificial lift technologies and automation platforms to enhance oil production reliability. They also plan t
ChemBrief