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HomeBaker Hughes

Baker Hughes

Exploration and Production

U.S. rig count jumps by 22 to total 635

February 13, 2022 Stu Turley

Baker Hughes rig count released Friday shows the United States has added 22 rigs since last week, bringing its total count to 635. This shows an increase of 238 rigs from last year, and brings […]

rigs - west Texas - ENB
Finance

U.S. energy shares on fire again to start 2022, stoked by inflation

January 15, 2022 Mariel Alumit

Shares of U.S. energy companies are soaring in the early days of 2022, driven by a shift to so-called value stocks and assets that stand to benefit from the steepest inflation in nearly four decades. […]

U.S. coal exports
EIA News

EIA forecasts U.S. natural gas production will establish a new monthly record high in 2022

December 16, 2021 Mariel Alumit

Source: U.S. Energy Information Administration, Short-Term Energy Outlook In our December Short-Term Energy Outlook (STEO), we forecast that U.S. dry natural gas production will increase from 95.1 billion cubic feet per day (Bcf/d) in October 2021 to 97.5 Bcf/d by December […]

Brent Oil Climbs to $70 a Barrel
Crude Oil News

U.S. Drillers Add More Rigs Amid Rising Oil Prices

October 1, 2021 Mariel Alumit

The number of oil and gas rigs in the United States rose by 7 this week, according to Baker Hughes, bringing the total additions over the last four weeks to 31. The total rig count is […]

Lorenzo Simonelli - Energy News Beat
Crude Oil News

Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO

March 2, 2021 Stu Turley

The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by […]

Earnings

Baker Hughes Posts Fourth-Quarter Earnings Miss

January 21, 2021 Stu Turley

Shares of oilfield services major Baker Hughes  (BKR)  slumped on Thursday after the company reported adjusted fourth-quarter earnings that missed analysts’ forecasts as it continued to recover from a slump in oil and gas prices due to […]

US Oil - EnergyNewsBeat
Crude Oil News

Oil rises on U.S. inventory draw, Brexit deal hopes

December 26, 2020 Stu Turley

U.S. crude, gasoline and distillate stocks fall last week-EIA * Investors cheer a potential Brexit trade deal * U.S. drillers add oil and gas rigs for fifth week in row TOKYO, Dec 24 (Reuters) – […]

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