Bhge

The same day that an escalation in U.S.-China trade tensions sent crude prices tumbling, Baker Hughes, a GE Company (BHGE) released updated rig numbers Friday showing a sizeable slowdown in the domestic onshore oil patch.

The U.S. natural gas rig count fell four units to 165 for the week ended Aug. 16, while domestic oil drilling rebounded, according to data published Friday by Baker Hughes, a GE Company (BHGE).

To increase its data capabilities for the oil and gas industry, Baker Hughes, a GE company (BHGE) agreed Monday to partner with artificial intelligence (AI) expert C3.ai, joining a long list of joint ventures across the sector.

After recently falling behind year-ago levels, U.S. drilling activity dropped off sharply during the week ended April 26, with 21 rigs exiting the patch, according to data from Baker Hughes, a GE Company (BHGE).

Baker Hughes, a GE company (BHGE), now a standalone entity, began to rebuild its backlog and switch into growth mode during the fourth quarter, delivering nearly $7 billion in equipment orders, the most for any period in almost three years.

In its first full year as a combined company, Baker Hughes, a GE company (BHGE) began to rebuild its backlog and switch into growth mode, delivering nearly $7 billion in equipment orders during the fourth quarter, the most for any period in almost three years.

Baker Hughes, a GE company (BHGE) on Monday committed to cutting in half by 2030 its carbon dioxide equivalent (CO2e) emissions and to achieving net-zero emissions by 2050.

Driven partly by declines in Texas and in the Permian Basin, the U.S. rig count fell by one to 1,067 for the week ended Friday (Nov. 2), according to data from Baker Hughes, a GE Company (BHGE).

The United States added 11 rigs, mostly oil-directed, for the week ended Friday (Oct. 12), led by gains in the Permian Basin, according to data from Baker Hughes, a GE Company (BHGE).