The world’s third-largest oilfield services provider stated in a corporate update Wednesday that the worst supply chain issues “should be behind us,” as this could indicate US crude production could meaningfully increase in 2023. Baker […]
This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 1 over last week, resulting in a total count of 759 rigs. Canada had a decrease of 3e over last week, resulting in a […]
Staff from a billion pound US oil and gas giant have begun a 16-day strike after their employers hit them with a £10,500 pay cut. Unite the union claims that members have had thousands of […]
(WO) — Baker Hughes agreed to sell its Oilfield Services business in Russia to its local management team, and the business will operate independently going forward, the company announced. The agreement follows the company’s previously […]
Baker Hughes, one of the biggest oilfield services companies on the planet, issued its second quarter earnings update yesterday. The company reported a net loss of $839 million during 2Q, but more than half that […]
North America added 11 rigs week on week, according to Baker Hughes’ latest rotary rig count, which was published on July 8. Nine of the weekly additions came from Canada and the other two came […]
(Reuters) – U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the federal government prompted some drillers to return […]
ENB Publishers Note: In what is called the last “Supercycle” 14 years ago with $145 oil it was even by the name a cycle. The energy crisis has migrated beyond a cycle into a staged […]
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact […]
This week, U.S. energy firms added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since […]
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