In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfiel ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Baker Hughes (BKR) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 23, 2024, might help the stock move higher if these key numbers are better than expec ...

Baker Hughes Company (BKR) ), a leading energy technology company, has recently clinched a significant deal from Black & Veatch, a global leader in engineering, construction and consulting services.The contract involves supplying electric-driven liquefaction technologies for the Cedar LNG project in Canada, marking a pivotal step toward environmentally conscious liquefied natural gas (LNG) production. This collaboration highlights the commitment of both companies toward fostering greener energy practices an ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfiel ...

Oil prices are on the rise, and these dividend giants are reaping the benefits.Shares of oil producers ExxonMobil (XOM 1.38%) and Pioneer Natural Resources (PXD 1.09%) and oil field services giant Baker Hughes (BKR 1.15%) rallied in March, up 11.2%, 11.6%, and 13.2%, respectively, according to data from S&P Global Market Intelligence.Global tensions, falling U.S. gasoline stocks, and widening refiner crack spread all contributed to the favorable oil and gas environment in March, continuing the upturn since ...

A standard drilling rig that Chevron will be drilling its first onshore test well for the 14,000-acre Bayou Bend CCUS project is photographed on Thursday, Feb. 22, 2024 in Winnie area. It is expected to have the capacity to store more than 1 billion metric tons of carbon dioxide in underground geologic structures.Yi-Chin Lee | Houston Chronicle | Hearst Newspapers | Getty ImagesA paper mill in a small Mississippi town could help demonstrate whether capturing carbon dioxide emissions and storing it deep unde ...

Baker Hughes Company (BKR) ), a leading energy technology company, has secured a contract with Snam, Europe’s premier operator in natural gas infrastructure. The agreement entails supplying Snam with three NovaLT™12 gas turbine-driven compressor trains for a new gas compressor station in Sulmona, Italy.Milestone in Decarbonization EffortsThe Sulmona station forms an integral part of the Adriatic Line, a pipeline project initiated by Snam. This project, included in Italy’s National Recovery and Resilience Pl ...

Baker Hughes will supply Black & Veatch with turbomachinery equipment consisting of four electric-driven main refrigeration compressors, two electric-driven boil-off gas compressors and six centrifugal pumpsCedar LNG will be powered by renewable electricity to make it one of the lowest carbon intensity LNG facilities in the worldProject is a key element of the Haisla Nation's economic and social development, marking the first major industrial development in its territory it will own and in which it will par ...

U.S.-based energy firm, Baker Hughes (BKR) has made a strategic investment towards Estonian clean energy producer, Elcogen. The specific terms of the transaction have not been disclosed yet. Baker Hughes, through this investment, intends to collaborate with Elcogen for the production green hydrogen using the latter’s solid oxide electrolyzer cell technology.Apart from Baker Hughes, Elcogen has secured equity investments from Hydrogen One Capital Growth, HD Hyundai and Mirae. The solid oxide technology devel ...

A hot topic for energy production, hydraulic fracturing, or fracking, extracts oil and gas by injecting high-pressure fluids underground. For the U.S. this has boosted domestic energy production potential but has also sparked environmentalist concerns. As such, the proliferation of the energy extraction method has become a divisive political issue. Under the Trump administration, fracking had a heyday, but from day one, the Biden administration reversed this. With a potential change of president this Novemb ...