(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, 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 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 […]
(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 […]
ENB Publishers Note: In what is called the last “Supercycle” 14 years ago with $145 oil it was even by the name a cycle. The energy crisis has migrated beyond a cycle into a staged […]
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact […]
This week, U.S. energy firms added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since […]
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 […]
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. […]
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 […]
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