Tag Archives: Baker Hughes

Baker Hughes BKR, -0.86% on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 189 this week. The increase followed an increase of 4 oil rigs in the previous week. The total active U.S. rig count, meanwhile, was up 5 to 266, according …

Baker Hughes has announced an order to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum’s North Field East (NFE) project, executed by Qatargas. The total award is part of four LNG ‘mega trains’, representing 33 million tpy of additional capacity, which will increase Qatar’s total LNG production capacity from …

US energy firms cut the number of oil and natural gas rigs operating to a record low for a 15th week even as higher oil prices prompt some producers to start drilling again. The US oil and gas rig count, an early indicator of future output, fell by three to …

Saudi Aramco has announced that it will be pumping $110 billion over the next couple of years to develop the Jafurah gas field.

The U.S. Energy Information Administration projected crude output will rise about 8% in 2020.

On Friday. Brent closed at $58.30 while WTI saw prices of $53.38 per barrel.

Younger generations aren’t hearing the calling to an oil industry that is gearing up for a dramatic talent shortage as mature experts begin to retire.

In addition. 44GW of wind power projects. representing more than $62bn in investment. are either under construction or in advanced development.

The key mathematics of US shale oil growth have become more challenging. partly because of the rapid growth achieved in 2018.

Production is projected to rise by 30.000 barrels per day. according to the Energy Information Administration.