Baker Hughes

Baker Hughes Co. is helping to front a hydrogen infrastructure fund as a cornerstone investor with Chart Industries Inc. and Plug Power Inc. Fuel cell manufacturer Plug Power intends to commit $200 million to the FiveT Hydrogen Fund, with infrastructure giants Chart and Baker Hughes each committing $60 million to sponsoring the fund. The Euro-denominated…

The U.S. natural gas rig count rose one unit to 84 for the period ending Friday (Jan. 8), while gains in the oil patch saw the overall domestic drilling tally surge higher, according to the latest weekly numbers published Friday by oilfield services provider Baker Hughes Co. (BKR). In the United States, drillers added eight…

After some shuffling around in the major U.S. onshore plays, the domestic rig count added two units to finish at 348 for the holiday-shortened week ending Wednesday (Dec. 23), according to Baker Hughes Co. (BKR). An increase of two natural gas-directed units and one oil-directed unit, partially offset by the loss of one miscellaneous unit,…

The U.S. natural gas rig count increased one unit to 77 during the short holiday work week ended Wednesday (Nov. 25), while the overall domestic tally rose sharply on a double-digit increase in the oil patch, according to the latest figures from Baker Hughes Co. (BKR). The United States added 10 rigs overall for the…

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…

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…

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…

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…

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…