BKR

Baker Hughes Company (NASDAQ:BKR) announced on September 3 that it had secured a multi-year contract with Pakistan’s Oil & Gas Development Company to maximize production performance from its mature oil and gas fields. The company did not disclose the financial terms of the deal. As per the agreement, Baker Hughes will assess over 120 wells […]

Baker Hughes will provide stimulation services for BP in the UK North Sea, covering new well development and boosting production from mature fields.

The Permian Basin rig count rose by one to 268 active rigs, up from 254 a year ago, while the national oil and gas rig count remained unchanged at 588.

Although Baker Hughes (currently trading at $64.05 per share) has gained 5.2% over the last six months, it has trailed the S&P 500’s 11.7% return during that period. This might have investors contemplating their next move.

The total number of active oil and gas drilling rigs in the U.S. stayed flat this week, according to Baker Hughes data.

Energy stocks were falling before the market opened on Friday, with the State Street Energy Select Sector SPDR ETF showing a decline.

Baker Hughes secured a multi-year contract with OGDC in Pakistan, covering over 120 wells and using AI-enabled solutions to enhance mature-field production.

Significant contract supports new well development and production enhancement across bp's UK North Sea operationsAdvanced modular stimulation solution designed to support efficient well completion, operational reliability and enhanced reservoir recovery HOUSTON and LONDON, Sept.