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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
“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 […]
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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