Baker Hughes

The U.S. natural gas rig count finished unchanged at 155 for the week ended Nov. 11, while gains in the Gulf of Mexico (GOM) and in the Permian Basin helped drive the combined domestic tally nine units higher to 779, according to updated numbers published Friday by Baker Hughes Co. (BKR). Oil-directed drilling accounted for…

Driven by strong growth in the Permian Basin and in the Gulf of Mexico (GOM), the U.S. rig count surged nine units higher to 779 for the week ended Nov. 11, oilfield services provider Baker Hughes Co. (BKR) reported Friday. Oil-directed drilling accounted for the entirety of the domestic gains for the period, as the…

The executive team of Houston-based Baker Hughes Co. acknowledged there were challenges during the third quarter of 2022, but overall the team remains optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions…

Houston-based Baker Hughes Co. kicked off third quarter earnings season for the oil and natural gas sector on Wednesday, acknowledging challenges but optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS),…

The U.S. natural gas rig count rose four units to 161 during the week ended Friday (Aug. 5), while a seven-rig decline in oil-directed drilling dropped the overall domestic tally three units to 764, according to the latest count from Baker Hughes Co. (BKR). The 764 active rigs as of Friday represents a 273-rig increase…

A drop in oil-directed drilling, including in the Permian Basin, saw the overall U.S. rig count drop three units to 764 for the week ended Friday (Aug. 5), updated numbers from Baker Hughes Co. (BKR) show. Changes in the United States included a net decline of seven oil-directed rigs, partially offset by a four-rig increase…

Baker Hughes Co. (BKR) management on Wednesday offered a bullish assessment of natural gas growth opportunities but conveyed a more measured outlook for the oil market. “Overall, we remain very positive on the outlook for natural gas,” Baker Hughes’ CEO Lorenzo Simonelli told analysts during the oilfield services (OFS) giant’s 2Q2022 earnings call. “We also…

The U.S. rig count increased four units to 756 during the week ended Friday (July 15) as increased activity on land offset a decline in the Gulf of Mexico (GOM), according to the latest figures from Baker Hughes Co. (BKR). Gains in the United States for the week included two oil-directed rigs and two miscellaneous…

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…