Sunday, September 21, 2025
Baker Hughes posts Q4 profit as higher oil prices spur drilling demand- oil and gas 360

Baker Hughes posts Q4 profit as higher oil prices spur drilling demand

Nasdaq Jan 20 – Baker Hughes Co BKR.O on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment. Oil prices surged more than 50% last year on hopes of a global economic recovery from the COVID-19 pandemic and as OPEC+ cut supplies,

Chesapeake working with Chief Oil & Gas on possible $2.4B deal- oil and gas 360

Chesapeake working with Chief Oil & Gas on possible $2.4B deal

World Oil (Bloomberg) –Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter. A deal could be announced as soon as this week, Reuters said. The news agency reported in October that Chief Oil & Gas was

China Discloses Iranian Oil Imports as Nuclear Talks Drag On- oil and gas 360

China discloses Iranian oil imports as nuclear talks drag on

Yahoo Finance (Bloomberg) — China disclosed its first Iranian oil imports in a year amid talks between between Tehran and world powers aimed at reviving a nuclear accord that could pave the way for lifting U.S. sanctions. A total of 260,312 tons, or 1.9 million barrels, arrived in December, according to customs data on Thursday. That’s the first time the