Baker Hughes reports that US energy companies added rigs in the second week at their highest level since May 2024.
Baker Hughes, a provider of energy services, said in its Friday report that US energy companies added rigs this week for the second week in a row for the first since July. The total number of oil and gas drilling rigs, a good indicator of future production, increased by four in the week ending September 18 to 595…
Argentina's Milei plans to strengthen sanctions against companies operating in Falklands
Analysts say that the Argentine president Javier Milei will be preparing legislation to strengthen sanctions against companies in the Falkland islands this week. This raises the question of whether he might escalate tensions between Argentina and Britain by targeting sectors other than the disputed islands’ economy.
Baker Hughes reports that US energy companies have added rigs to their fleet for the first time in 4 weeks.
Baker Hughes, a closely-followed energy services company, said in a report released on Friday that U.S. firms added rigs this week for the first time in four weeks. The total number of oil and gas rigs, a good indicator of future production, increased by three in the week ending September 11.
Baker Hughes increases annual forecasts following Chart purchase and signals LNG recovery ahead
?U.S. Baker Hughes, a provider of oilfield services, raised its full-year forecasts Wednesday to reflect the benefits of its $13.6 billion acquisition of industrial equipment maker Chart Industries. Lorenzo Simonelli, the CEO of Barclays, also spoke at the Barclays Annual Energy Conference…
Baker Hughes increases annual forecasts following Chart acquisition
Baker Hughes, a U.S. oilfield service provider, raised its forecast for full-year revenues on Wednesday. This was due to the 'benefits' of the $13.6 billion acquisition of Chart Industries by Baker Hughes earlier this year. Baker Hughes closed the deal on July 1st after obtaining EU antitrust approval…
Baker Hughes reports that US energy companies have not changed their rig count for the second week in a row.
Baker Hughes, a leading energy services company, said in a closely watched report released on Friday that U.S. firms have kept the 'overall rig counts' unchanged for a second consecutive week. The total oil and gas rig counts, an early indicator for future production, held steady at 588 during the week ending September 4.
Baker Hughes: US energy companies leave rig count unchanged for the latest week
Baker Hughes, a closely watched energy services company, said that the U.S. firms had not changed their rig counts in the last week. The number of oil and gas drilling rigs, a good indicator of future production, was 588 during the week ending August 28. Baker Hughes…
Baker Hughes reports that US energy companies have cut back on drilling for the first time in four-weeks.
Baker Hughes, a 'closely watched' energy services firm, said in its report on Friday that U.S. firms have lowered the number of operating rigs for the first four weeks. The number of oil and gas drilling rigs, a good indicator of future production, dropped by five in the week ending August 21.
SLB and Formentera executives claim that they are working on activating drilling rigs for Venezuela.
SLB, a private equity firm and oil?service provider, is working with?Formentera?Partners to either reactivate or import more oil rigs into Venezuela in the next few months. Blake London, managing partner of energy-focused Formentera, said that the company is in talks…
Baker Hughes reports that the US oil and gas rig counts have reached their highest level since March 2025.
Baker Hughes, a renowned energy services firm, said that U.S. firms added rigs this week for the second time within three weeks. The oil and gas rig counts, an early indicator for future production, increased by five in the week ending August 14. This is their highest level since March 2025.
Baker Hughes: US energy companies leave rig count unchanged for the latest week
?U.S. Energy firms have left the total rig count unchanged for the last week, according to a closely watched report by energy services firm Baker Hughes on Friday. The number of oil and gas drilling rigs, a good indicator of future production, remained unchanged at 588 during the week ending August 7…
Baker Hughes says US energy companies have added rigs six times in the last seven weeks.
Baker Hughes, a leading energy services company, said that U.S. firms added rigs this week for the sixth time in 7 weeks. The number of oil and gas drilling rigs, which is an early indicator of future production, increased by one in the week ending July 31. Baker Hughes…
Saipem's 2026 forecast is a sign of a Middle East blow for energy contractors
Saipem lowered its core earnings forecast for '2026 on Tuesday. This sent shares of the Italian oilfield service group?down by more than 8%, as disruptions linked to the Gulf Conflict drove costs up and created logistical difficulties. The Milan-based company now expects to earn adjusted earnings before taxes…
Saipem lowers its forecast for 2026 due to additional Gulf costs and denting share prices
Saipem's 2026 core earning forecast was cut on Tuesday. The Italian oil and gas contractor saw its shares fall by more than 7% as it said that disruption in the Gulf caused extra costs and logistical difficulties. Oil and gas producers have been forced to be more cautious due to the repeated?Iran War flare-ups.
Baker Hughes predicts lower oil and gas spending in 2026
Baker Hughes announced on Monday that it expects global oil and gas spending to be down modestly in 2018. The company said this is due to a decline in spending in Europe, the Middle East, and offshore Africa. The energy markets have been affected by the repeated flare-ups in the conflict between Iran and the U.S.…
Baker Hughes predicts lower oil and gas spending in 2026
Baker Hughes announced on Monday that it expects global oil and gas producers to reduce their annual spending modestly in this year. The growth in Latin?America and offshore Africa will be offset by lower spending in?European and Middle Eastern countries. This year, the Middle East conflict has dominated the energy market.
Baker Hughes, a provider of oilfield services, beats Q2 earnings estimates
Baker Hughes reported a stronger-than-expected second quarter as the oilfield ?services and energy technology company benefitted from brisk demand ?for LNG equipment, gas infrastructure and power generation projects tied to ?growing electricity needs. Earnings per'share' were 64 cents.
Baker Hughes reports that US energy companies have cut back on drilling for the first time in six-weeks.
Baker Hughes, a closely-followed energy'services' firm, said in a report on Friday that U.S. firms have cut back the number of operating rigs for the first six weeks. Total oil and gas rig counts, an indicator of future production, dropped by one in the week ending July 24. This is the lowest level since mid-July.
Halliburton falls on tepid forecast of revenue, Middle East recovery warning
Halliburton's shares dropped more than 6% Tuesday after the U.S. provider of oilfield services forecast lower third-quarter revenue and signaled uncertainty over the pace at which the Middle East is recovering. This year, the 'conflict in Middle -East' has dominated the energy markets.
Baker Hughes reports that US energy companies have increased the number of rigs to their highest level since April 2025.
Energy services firm Baker Hughes reported on Friday that U.S. firms added rigs this week for a fifth consecutive week for the first since early June. The 'total count' now stands at its highest level since April 2025. The total rig counts, which are an early indicator of the future production…