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Zacks News
Based in Houston, TX, Baker Hughes Company is one of the world’s largest oilfield service providers. The integrated oilfield products and digital solutions of Baker Hughes help customers efficiently and cost-effectively refine and transport hydrocarbons with low environmental concerns. Moreover, with growing demand for clean energy and the need to curb greenhouse gas emissions, countries around the world are investing in LNG terminals. This has given Baker Hughes the opportunity to expand its reach beyond oilfields in order to capitalize on contracts for manufacturing equipment that is being used in LNG facilities.
Schlumberger (SLB) Q3 Earnings Beat Estimates, Fall Y/Y
by Zacks Equity Research
Lower sales of WesternGeco multiclient seismic license in offshore North America hurt Schlumberger's (SLB) Q3 earnings.
Is a Beat in Store for Baker Hughes (BKR) in Q3 Earnings?
by Zacks Equity Research
Addition of rigs in domestic plays is likely to have supported Baker Hughes (BKR) since oilfield service players assist upstream firms to efficiently set up oil wells.
Baker Hughes (BKR) Expected to Beat Earnings Estimates: Should You Buy?
by Zacks Equity Research
Baker Hughes (BKR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Permian Basin Adds Oil Drilling Rigs for 3 Straight Weeks
by Zacks Equity Research
As economies are reopening, most analysts opine that drillers will continue to add oil rigs.
Here's Why Investors Should Steer Clear of Baker Hughes (BKR)
by Zacks Equity Research
Oil explorers' lower capital budget for upstream operations will continue to hurt demand for Baker Hughes' (BKR) oilfield services.
Permian Basin Adds Oil Drilling Rigs for 2 Straight Weeks
by Zacks Equity Research
As economies are reopening, most analysts believe that drillers will continue to add oil rigs.
Baker Hughes Clinches Major LNG Deal From Qatar Petroleum
by Zacks Equity Research
Baker Hughes' (BKR) facilities located in Florence and Massa of Italy are set to be used for manufacturing, testing and packaging of the gas turbine/compressor trains.
Oil & Gas Stock Roundup: Devon-WPX Merger, TOTAL's Solar Push & More
by Nilanjan Choudhury
Devon Energy (DVN) and WPX Energy (WPX) agreed to combine in a bid to strengthen their Permian Basin position, while TOTAL (TOT) enters into a deal to develop 3.3 GW of solar projects in Spain.
US Oil & Gas Rig Tally Increases, Permian Witnesses Rebound
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count is likely to persistently increase.
Can Oil Project Approvals Return to Pre-Coronavirus Level in 2022?
by Sayantika Bhattacharya
As a result of the coronavirus-induced ailing market condition, offshore commitments are now estimated to be $34 billion in 2020, reflecting a third of $101 billion reported in 2019.
US Oil & Gas Rig Tally Increases in 3 of 5 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.
Oil & Gas Stock Roundup: Hess' Guyana Oil Find, Equinor's Offshore Wind Deal & More
by Nilanjan Choudhury
Energy explorer Hess (HES) confirmed its 18th oil discovery off the coast of Guyana, while Norway's Equinor (EQNR) agreed to sell a 50% stake in two wind projects to BP plc (BP) for $1.1 billion.
Permian Basin Witnesses Removal of Two Oil Drilling Rigs
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will again start increasing.
Baker Hughes Sees Future in Renewables, Oilfield Business Week
by Zacks Equity Research
With demand for clean energy mounting, Baker Hughes (BKR) is well-positioned to gain on its proprietary post-combustion carbon capture solutions.
U.S. Rig Count Declines for the Sixth Consecutive Month
by Zacks Equity Research
With oil prices recovering gradually, most analysts opine that the decline in the tally of monthly rig in the United States will narrow down further.
Oil & Gas Stock Roundup: TOTAL's EV Battery JV, Chevron's Gorgon Delay & More
by Nilanjan Choudhury
TOTAL SE (TOT) combined with Groupe PSA to create a JV to produce EV batteries, while Chevron (CVX) deferred the restart of Train 2 at its Gorgon LNG plant in Western Australia until October.
US Oil & Gas Rig Tally Increases in 2 of Last 3 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.
4 Stocks From the Prospering Oilfield Services Industry
by Kaibalya Pravo Dey
Resumption of curtailed oil production in North America and international growth opportunities should enable the Zacks Oil and Gas - Field Services industry to thrive. SLB, BKR, HAL and FTI are well positioned to make the most of the market improvement.
Schlumberger to Combine U.S. Fracking Business With Liberty
by Zacks Equity Research
Schlumberger (SLB) is set to combine pressure pumping, pump-down perforating and Permian frac sand businesses with Liberty's operations.
Oil & Gas Stock Roundup: Kinder Morgan's Milestone, TOTAL Unit's Spin-Off & More
by Nilanjan Choudhury
Kinder Morgan (KMI) placed Elba Island (Georgia) LNG Unit 7 in service, while TOTAL SE's (TOT) majority'owned SunPower Corporation (SPWR) successfully completed a spin-off transaction.
US Oil & Gas Rig Tally Flat Despite Hurricane Laura
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will again start to increase.
Natural Gas Hits a 9-Month High: What's Driving the Rally?
by Nilanjan Choudhury
Natural gas prices have surged to their highest levels since November 2019.
Oil & Gas Stock Roundup: Occidental's Land Deal, TOTAL's FID & More
by Nilanjan Choudhury
Occidental Petroleum (OXY) agreed to sell more than 5 million acres of land and mineral rights, while TOTAL (TOT) and its partners took the FID for the third phase of the Mero project in Brazil.
Oil Service Firms Accelerate Digital Push to Navigate Coronavirus
by Nilanjan Choudhury
The pandemic has acted as a catalyst in shifting from the traditional drilling and fracking system and changing the way of exploring for oil and gas.
US Oil & Gas Plays Witness Uptick in Rig Tally After 23 Weeks
by Zacks Equity Research
Since economies are reopening, most analysts opine that the weekly rig count will continue to increase.