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HomeBaker Hughes

Baker Hughes

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 […]

Oil Analyst Sen Sees Rising Risk as SPR Impact Fades
ENB Pub Note

Oil’s Hired Hands See Outlook Brighten as War Fractures Markets

April 24, 2022 Stu Turley

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 […]

Now the real effects are starting to create a second wave of impact on oil markets, disrupting Russian exports and threatening further price increases. 
Crude Oil News

Oil Prices Stay High as Russian Crude Shortage Hits Market

March 27, 2022 Stu Turley

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 […]

Drilling Fracking Rig counts increasing - ENB
Crude Oil News

US Drillers Add Oil, Gas Rigs for Seventh Week

February 19, 2022 Stu Turley

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 […]

Exploration and Production

U.S. rig count jumps by 22 to total 635

February 13, 2022 Stu Turley

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 […]

rigs - west Texas - ENB
Finance

U.S. energy shares on fire again to start 2022, stoked by inflation

January 15, 2022 Mariel Alumit

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. […]

U.S. coal exports
EIA News

EIA forecasts U.S. natural gas production will establish a new monthly record high in 2022

December 16, 2021 Mariel Alumit

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 […]

Brent Oil Climbs to $70 a Barrel
Crude Oil News

U.S. Drillers Add More Rigs Amid Rising Oil Prices

October 1, 2021 Mariel Alumit

The number of oil and gas rigs in the United States rose by 7 this week, according to Baker Hughes, bringing the total additions over the last four weeks to 31. The total rig count is […]

Lorenzo Simonelli - Energy News Beat
Crude Oil News

Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO

March 2, 2021 Stu Turley

The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by […]

Earnings

Baker Hughes Posts Fourth-Quarter Earnings Miss

January 21, 2021 Stu Turley

Shares of oilfield services major Baker Hughes  (BKR)  slumped on Thursday after the company reported adjusted fourth-quarter earnings that missed analysts’ forecasts as it continued to recover from a slump in oil and gas prices due to […]

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