U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks energy, services firm Baker Hughes said in its closely followed report on Friday.
BKR lands a major coiled-tubing drilling multi-year contract for Dubai's Margham Gas project, strengthening energy security and advancing lower-carbon solutions.
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U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
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U.S. oil and gas producers are unlikely to increase spending this year and output increases will primarily come from improved efficiencies rather than new drilling, Baker Hughes BKR.O Chief Executive Lorenzo Simonelli said on Monday.
BKR and Woodside Energy are expanding their partnership to develop a small-scale, low-carbon power solution using Net Power's platform to reduce emissions in oil, gas and heavy industries.
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U.S. oilfield technology firm Baker Hughes said on Monday it has appointed Ahmed Moghal as its chief financial officer, effective immediately.
Baker Hughes gets a buy rating despite being overvalued and trading well above its moving average, as several upside factors come into play. The firm will take advantage of demand for natural gas/LNG, and hydrogen renewables, and has a global diversified portfolio of products. With a low debt/equity of 0.35, the leverage risk is low, and its corporate debt has declined in recent years.
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said in its closely followed report on Friday.
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes said in its closely followed report on Friday.