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HomeBaker Hughes

Baker Hughes

offshore
Crude Oil News

2022 saw higher offshore rig activity, Baker Hughes reports

January 9, 2023 Mariel Alumit

Baker Hughes’ rig count report has revealed that the international offshore rig count experienced an increase of 30 units in 2022 compared to the figures from the year before. The overall international rig count including […]

Iraq
Top News

Will Iraq Finally Start To Use Its Natural Gas Reserves?

December 22, 2022 Mariel Alumit

Iraq continues to rely on Iran for around 40 percent of its power supplies. Iraq flared the second largest quantity of gas in the world. The potential for gas capture in Iraq is huge and […]

Baker Hughes
LNG

Baker Hughes Bullish on LNG, but Brownfield Expansions Likely to Eclipse Newbuilds

October 20, 2022 Mariel Alumit

Houston-based Baker Hughes Co. kicked off third quarter earnings season for the oil and natural gas sector on Wednesday, acknowledging challenges but optimistic about the emerging upcycle, with a continuing bullish view for LNG. The […]

Finance

Baker Hughes Expects Oil Patch Bottlenecks To Subside Next Year

October 19, 2022 Mariel Alumit

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 […]

Crude Oil News

U.S. rig count had a decrease of 1 this week, at 759

September 10, 2022 Mariel Alumit

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 […]

US oil and gas
International News

Scots workers at US oil and gas giant strike over fire and rehire with £10,500 pay cut

August 29, 2022 Mariel Alumit

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 […]

Baker Hughes
Exploration and Production

Baker Hughes sells Russian oil field services business to local management team

August 2, 2022 Mariel Alumit

(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
Exploration and Production

Baker Hughes Predicts Big Growth Coming in NatGas, LNG

July 22, 2022 Mariel Alumit

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 Adds 11 Rigs
Crude Oil News

North America Adds 11 Rigs

July 11, 2022 Stu Turley

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 […]

drilling-rig-better
Crude Oil News

U.S. drillers add oil and gas rigs for record 21 months in a row

May 2, 2022 Mariel Alumit

(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 […]

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