Baker Hughes

U.S. Rig Count Soars Ahead of Holiday on Increases in Permian, Eagle Ford

U.S. Rig Count Soars Ahead of Holiday on Increases in Permian, Eagle Ford

The U.S. rig count rose 10 units to 320 during the short holiday work week ended Wednesday (Nov. 25), driven by a sharp increase in oil-directed drilling, including gains in the Permian Basin and Eagle Ford Shale, according to the latest figures from Baker Hughes Co. (BKR). Gains in the United States included 10 oil-directed…

November 25, 2020
Two Natural Gas Rigs Added in U.S. as Oil Drives Double-Digit Drilling Increase

Two Natural Gas Rigs Added in U.S. as Oil Drives Double-Digit Drilling Increase

The U.S. natural gas rig count rose two units to 73 for the week ending Friday (Nov. 13), while strength in the oil patch drove a double-digit increase in domestic drilling overall, according to the latest data from Baker Hughes Co. (BKR). Already on the ascent, the U.S. rig count’s trajectory bent further upward for…

November 13, 2020
U.S. Rig Count Rises Double Digits as Recovery Gains Steam

U.S. Rig Count Rises Double Digits as Recovery Gains Steam

Already on the ascent, the U.S. rig count’s trajectory bent further upward for the week ended Friday (Nov. 13), as strength in oil-directed drilling lifted the overall domestic tally 12 units to 312, according to the latest data from Baker Hughes Co. (BKR). Gains for the week included 10 oil rigs and two natural gas-directed…

November 13, 2020
Baker Hughes ‘More Optimistic’ on Natural Gas as Forward Prices Improve, LNG Orders Climb

Baker Hughes ‘More Optimistic’ on Natural Gas as Forward Prices Improve, LNG Orders Climb

Lifted by a major natural gas order from longtime partner Qatar Petroleum, Baker Hughes Co. saw its revenue climb and equipment orders increase during the third quarter by 4% sequentially. CEO Lorenzo Simonelli said he sees positives for natural gas, pointing to the major liquefied natural gas (LNG) order in Qatar. However, like his fellow…

October 21, 2020
Baker Hughes Secures Equipment Deal for Major Qatari LNG Expansion

Baker Hughes Secures Equipment Deal for Major Qatari LNG Expansion

Baker Hughes Co. said Tuesday it will supply Qatar Petroleum gas-powered refrigerant units for an expansion of the Middle Eastern country’s liquefaction capacity to 110 million metric tons/year (mmty) from 77 mmty by 2025. The Houston-based oilfield services giant said it is among the largest liquefied natural gas (LNG) deals it has secured in the…

September 29, 2020
Baker Hughes Sees Uptick in Covid-Related Remote Operations, with Longer-Term LNG Outlook Still Positive

Baker Hughes Sees Uptick in Covid-Related Remote Operations, with Longer-Term LNG Outlook Still Positive

Covid-19 has created near-term challenges, but Baker Hughes Co. has seen positives as its remote services capabilities expand to serve customers. In addition, the outlook for global natural gas continues to be solid, CEO Lorenzo Simonelli said Wednesday. Simonelli shared second quarter results and insight on the opportunities and challenges ahead during a conference call…

July 22, 2020
U.S. Down One Natural Gas Rig, Oil Patch Down Four

U.S. Down One Natural Gas Rig, Oil Patch Down Four

The U.S. natural gas rig count fell one unit to 75 for the week ending Friday (July 10), while more losses in the oil patch ensured that the combined domestic tally would extend a months-long slide, the latest numbers from Baker Hughes Co. (BKR) show. After the departure of four oil-directed rigs in the United…

July 10, 2020
Baker Hughes Confident Natural Gas Markets Improving, but LNG FIDs Likely in Holding Pattern

Baker Hughes Confident Natural Gas Markets Improving, but LNG FIDs Likely in Holding Pattern

With U.S. producers now shutting in wells across the United States, the natural gas markets are likely to improve as the decline in associated production from oil “could lift North American prices sooner than previously thought,” Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday.

April 22, 2020

BHGE Gains on Stronger LNG Equipment Demand, Overseas Activity

The expansion worldwide in global liquefied natural gas (LNG) demand and growing international oil and gas services helped lift the second quarter performance of Baker Hughes, a GE company (BHGE).

July 31, 2019
U.S. Onshore Activity Flattens, with Six Rigs Dropped, Says BHGE

U.S. Onshore Activity Flattens, with Six Rigs Dropped, Says BHGE

Domestic oil and natural gas producers dropped six land rigs as of Wednesday (Nov. 21) from a week earlier, but gains in Canada and the Gulf of Mexico lifted the overall North American count by four, according to data compiled by Baker Hughes, a GE Company (BHGE).

November 21, 2018