Baker Hughes News

 

Oil on Track for Biggest Monthly Gains in Over a Year

Jul 31, 2023

Oil prices edged lower on Monday but were hovering near three-month highs and were set to post their biggest monthly gains in more than a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply…

SLB Tops Earnings Estimates on Demand for Offshore and International Drilling

Jul 21, 2023

SLB beat analysts' estimates for quarterly profit on Friday as a rebound in offshore and international drilling activity boosted demand for its oilfield services and equipment, even as activity in North America declined. Drilling activity in regions such as the Middle East and Asia…

Halliburton, Baker Hughes Beat Profit Estimates as International Demand Offsets Weak N. America

Jul 19, 2023

Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad…

Oilfield Service Providers to Get Lift from International, Offshore Demand

Jul 18, 2023

The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…

Oilfield Services Giant SLB Halts All Shipments to Russia

Jul 17, 2023

Top oilfield services firm SLB on Friday said it is halting shipments of products and technology into Russia from all its operations over an expansion of Western sanctions.SLB, the world's largest oil service and equipment provider, was one…

Baker Hughes' Equipment to Cut Carbon Footprint in Brazilian FPSO Project

Jul 05, 2023

Oilfield services firm Baker Hughes said Wednesday it had secured a significant order from the Japanese FPSO supplier MODEC to supply gas technology equipment for the BM-C-33 project in the Brazilian pre-salt Campos area. The project is developed…

Oil Giants Drill Deep as Profits Trump Climate Concerns

Jul 03, 2023

Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives…

DORIS Secures Second Contract for Gray Whale 3 Floating Offshore Wind Farm in South Korea

Jun 26, 2023

Offshore engineering services firm DORIS has secured a second Front-end Engineering Design (FEED) contract for the Gray Whale 3 floating offshore wind farm in South Korea. The scope of the FEED includes the project’s full electrical and communications system to the grid connection…

Current News

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Thailand's PTT to Buy LNG from

OEG Strengthens Oil and Gas Services Offering in Qatar

OEG Strengthens Oil and Gas Se

Petronas, Japan’s JOGMEC Sign Strategic LNG Agreement

Petronas, Japan’s JOGMEC Sign

Siemens Gamesa to Help Build Japan’s Offshore Wind Supply Chain

Siemens Gamesa to Help Build J

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