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HomeBaker Hughes

Baker Hughes

Crude Oil News

Energy News Beat Weekly Rig Counts and Oil and Gas Update

October 22, 2025 Clark Savage

Overview of Rig Counts The latest data from Baker Hughes indicates that drilling activity in the United States remains relatively stable amid fluctuating oil prices. As of the week ending October 17, 2025, the total […]

Baker Hughes
Finance

Baker Hughes to buy Chart in $13.6 billion deal

July 30, 2025 Mariel Alumit

Baker Hughes announced on Tuesday that it will acquire all outstanding shares of Chart’s common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion. Also, Baker Hughes has […]

Energy News Beat Rig count created by Grok on X
Crude Oil News

U.S. Rig Count Drops Again, and Is Shale on the Ropes?

July 25, 2025 Clark Savage

The U.S. energy sector continues to face headwinds as the latest data from Baker Hughes reveals another decline in the national rig count. As of July 25, 2025, the total U.S. rig count stands at […]

Big Oil Companies

How Iran’s Response To This Latest Round Of Attacks Will Affect Oil Prices

June 23, 2025 Andy Del Prado

Daily Standup Top Stories What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact Will Iran retaliate after the U.S. strikes on their nuclear program? Banks Drop the Climate […]

Big Oil Companies

US Rig Counts Down Amid Rising U.S. Crude and LNG Production

June 20, 2025 Clark Savage

The U.S. energy sector is navigating a paradoxical landscape: rig counts are declining, yet crude oil and liquefied natural gas (LNG) production continue to climb. This trend, driven by improved drilling efficiencies and strategic focus […]

Equinor
Big Oil Companies

Equinor awards plug and abandonment job to Baker Hughes

June 12, 2025 Mariel Alumit

Norwegian energy major Equinor has awarded a contract for plug and abandonment services on the Oseberg East field off Norway to oilfield services giant Baker Hughes. The plug and abandonment campaign planning phase, as well […]

Crude Oil News

U.S. Oil and Gas Drillers Pull Back as Low Oil Prices Bite: Rig Counts Signal Caution

May 30, 2025 Clark Savage

As part of the Sandstone Teams services, we offer a review of oil and gas deals for our clients. We gain valuable insights into actual data points across various fields in the U.S. One key […]

Big Oil Companies

Halliburton, Schlumberger Brace for the Next Oil Slump

May 13, 2025 Clark Savage

All of the majors reported lower earnings for the first quarter. Already, some energy companies active in the shale patch are cutting their drilling budgets for the year. Oilfield services providers are bracing for impact […]

Exports

Baker Hughes booked $1.7 billion in US LNG orders over past two quarters

April 24, 2025 Mariel Alumit

“In the US, the repeal of the LNG permitting moratorium and the Administration’s stated goal of increasing US LNG exports has led to an improvement in orders for US LNG projects,” Simonelli said during the […]

Baker Hughes
Big Oil Companies

Baker Hughes nets pair of Petrobras deals

March 21, 2025 Mariel Alumit

Oilfield services giant Baker Hughes has signed a deal with Brazilian oil and gas major Petrobras to provide fully integrated completion systems as well as an agreement for a definitive solution for stress corrosion cracking […]

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