Wednesday, 7 May 2025

Focus on Baker Hughes

FILE PHOTO: Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. Picture taken March 29, 2022. REUTERS/Benoit Tessier/File Photo
BusinessFuelNewsOil

Oil climbs $2/barrel after Fed’s Powell indicates coming US rate cuts

Oil prices rose 1% on Friday on a softer dollar but were still set to end the week lower.

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File Photo
BusinessNewsOilPolitics

Oil hovers at 8-month lows as U.S. fears offset Mideast tensions

With weak July payroll figures sparking fear of US recession, oil futures drop in trading.

FILE PHOTO: The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessConstructionFinanceFuelIndustryInfrastructureNewsOilTrade

Baker Hughes sees lower North America activity; bets on foreign demand

Baker Hughes cut its North American spending outlook but raised full-year revenue estimates, betting on strong international growth and gas equipment demand.

News Release

Baker Hughes Company Announces Second-Quarter 2024 Results

Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders.RPO of $33.5 billion, including record IET RPO of $30.2 billion.Revenue of...

News Release

Baker Hughes Declares Quarterly Dividend

HOUSTON and LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared...

FILE PHOTO: Drilling rigs operate in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. Picture taken February 10, 2019.    REUTERS/Nick Oxford/File Photo
BusinessFinanceFuelInfrastructureNatural GasNewsOilTransmissionUtilities

US oilfield firms slash prices as mega-mergers shrink customer base

A wave of mega-mergers among oil producers is forcing the US service companies to slash their prices, merge, or risk bankruptcy

News Release

Wabash Valley Resources Selects Baker Hughes as Preferred Technology, Services Provider of Compression and Sequestration Solutions for Clean Ammonia Production Project

Jul 16 2024 Long-term agreement marks significant milestone for WVR to deliver clean ammonia production in the U.S. while sequestering associated carbon dioxide...

News Release

Baker Hughes Awarded Multi-Year Services Frame Agreement by Woodside Energy to Support Australian LNG Operations

Jun 28 2024 10-year frame agreement supports reliability and efficiency of Woodside’s LNG operations, including upgrades to key turbomachinery equipment, spare parts and...

News Release

Baker Hughes Announces Dates for Second-quarter 2024 Earnings Release and Webcast

HOUSTON and LONDON, June 17, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the second quarter ending June 30, 2024,...

News Release

Baker Hughes Awarded Major Integrated Solutions Contract for Petrobras’ Offshore Fields

Multi-year project will see Baker Hughes provide solutions in pre-salt and post-salt fields offshore BrazilBaker Hughes’ comprehensive, integrated approach focuses on operational excellence,...