Baker Hughes

Baker Hughes CEO Says Everybody Wants to Talk LNG Expansions

Baker Hughes CEO Says Everybody Wants to Talk LNG Expansions

The still unfolding situation in Europe has “accelerated the pace of discussions” to sanction global liquefied natural gas (LNG) projects,” Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. Simonelli shared first quarter results and the outlook for 2022 and beyond for the Houston-based oilfield services giant.  “We already saw momentum pick up in 2021” for…

April 20, 2022
Baker’s U.S. Natural Gas Tally Rises as Drilling Activity Focused in Texas

Baker’s U.S. Natural Gas Tally Rises as Drilling Activity Focused in Texas

The U.S. natural gas rig count rose two units to 143 for the week ended Thursday (April 14), matching a two-rig increase in oil-directed drilling for the period, the latest figures from Baker Hughes Co. (BKR) show. The combined U.S. rig count climbed to 693 for the week, up 254 units from its year-earlier total…

April 14, 2022
Activity Ramps Up in Permian, Eagle Ford as U.S. Drilling Total Rises

Activity Ramps Up in Permian, Eagle Ford as U.S. Drilling Total Rises

Including upticks in drilling activity in the Permian Basin and Eagle Ford Shale, the U.S. rig count ratcheted higher during the week ending Thursday (April 14), climbing four units to 693, according to the latest tally from Baker Hughes Co. (BKR). Two oil-directed rigs and two natural gas-directed rigs were added in the United States…

April 14, 2022
U.S. Natural Gas Drilling Activity Unchanged as Oil Patch Notches Further Gains

U.S. Natural Gas Drilling Activity Unchanged as Oil Patch Notches Further Gains

The U.S. natural gas rig count went unchanged at 137 during the week ended Friday (March 25), while a week of strong growth in Texas accompanied continued activity gains in the oil patch, according to updated figures from Baker Hughes Co. (BKR). U.S. oil-directed rigs increased by seven overall for the period, helping to lift…

March 25, 2022
Baker Hughes Expanding Industrial Cloud-based Solutions with Microsoft, C3.ai

Baker Hughes Expanding Industrial Cloud-based Solutions with Microsoft, C3.ai

Oilfield services (OFS) giant Baker Hughes Co. is partnering with Microsoft Corp., as well as C3.ai Inc. and Accenture plc, to deploy industrial asset management (IAM) solutions for the energy industry. Sectors likely to be impacted are oil and gas, renewable energy and thermal power generation, among other industries. Houston-based Baker Hughes is one of…

March 25, 2022
Big Activity Gain for Texas Propels U.S. Drilling Total Higher

Big Activity Gain for Texas Propels U.S. Drilling Total Higher

Growth in Texas propelled the U.S. rig count to a seven-rig net increase for the week ended Friday (March 25), putting the total number of active domestic rigs at 670 for the period, according to the latest data from Baker Hughes Co. (BKR). U.S. oil-directed rigs increased by seven overall for the period, while total…

March 25, 2022
Baker Hughes Sees Accelerating U.S. Land Activity, Additional Global LNG Projects Sanctioned

Baker Hughes Sees Accelerating U.S. Land Activity, Additional Global LNG Projects Sanctioned

More global natural gas export projects are likely to be sanctioned this year and beyond, fueled by a “growing appetite” for long-term purchase agreements, Baker Hughes Co. CEO Lorenzo Simonelli said Thursday. The world’s No. 2 oilfield services (OFS) company unveiled its fourth quarter and 2021 results, with Simonelli helming a conference call. No. 1…

January 20, 2022
Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Increased activity in the Permian Basin and Eagle Ford Shale helped push the U.S. rig count nine units higher to 512 during the week ended Friday (Sept. 17), according to the latest data from Baker Hughes Co. (BKR). A 10-rig increase in oil-directed drilling offset a one-rig decline in natural gas-directed rigs in the United…

September 17, 2021
Baker Hughes Sees Strong Outlook for LNG Markets

Baker Hughes Sees Strong Outlook for LNG Markets

Baker Hughes Co. (BKR) has made investment in “new energy frontiers” a key part of its strategy moving forward, but management for the oilfield services provider still sees a bright outlook for the global natural gas market. Remarking on the company’s recently released 2Q2021 financial results, CEO Lorenzo Simonelli struck an optimistic tone when discussing…

July 29, 2021
U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

The U.S. natural gas rig count rose two units to finish at 101 during the week ended Friday, a week that also saw a notable uptick in drilling activity in the Gulf of Mexico (GOM), according to updated data from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the…

July 9, 2021
‹ Previous 1 2 3 5