Baker Hughes Predicts Big Growth Coming in NatGas, LNG

Baker Hughes

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 number is due to a write-off of its oilfield services business in Russia. What caught our attention was not the company’s financial performance, but the words of its top leaders in describing the near- and long-term future for natural gas. Baker Hughes is VERY bullish on natural gas and natural gas infrastructure (including LNG and pipelines).