(Investing) – Baker Hughes (NYSE:BKR) said on Monday it expects global spending by oil and gas producers to decline modestly this year. The company said growth in Latin America, offshore Africa, and North America land will be offset by lower spending in Europe and the Middle East. The Middle East conflict has dominated energy markets this year. Repeated flare-ups in tensions between
(Oil & Gas 360) – Publisher’s Note: SLB will be a panel presenter and will host one-on-one meetings at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SLB reported higher second-quarter revenue as broad-based international growth, led by offshore activity, more than offset continued disruptions across the Middle East. Second-quarter revenue increased 5% year over year
(World Oil) – Halliburton reported second-quarter 2026 revenue of $5.7 billion, up from $5.4 billion in the first quarter, as stronger North American stimulation and well construction activity helped drive sequential growth. Net income totaled $534 million, or $0.64 per diluted share, while operating income increased to $778 million. Chairman, President and CEO Jeff Miller said the company expects continued momentum in both international and
(World Oil) – Baker Hughes has completed its acquisition of Chart Industries, expanding its portfolio of industrial energy technologies and establishing Chart as the company’s third operating segment. The acquisition adds Chart’s capabilities in thermal management, air and gas handling, and lifecycle services, broadening Baker Hughes’ presence across markets including LNG, gas infrastructure, carbon capture and storage, nuclear, geothermal and data centers. Chart
(World Oil) – Halliburton has secured a multi-year contract from Aramco to provide integrated stimulation and completion services for unconventional gas development in Saudi Arabia’s Jafurah basin, supporting one of the world’s largest unconventional gas programs. The award is part of a broader multi-billion-dollar contract and expands Halliburton’s role in Aramco’s unconventional development program, where the company provides drilling, stimulation and completion services across multiple
(World Oil) – Northern Oil and Gas (NOG) reaffirmed its 2026 production and capital expenditure guidance Monday after reporting improving production conditions in the Permian basin, continued acquisition activity and the closing of its previously announced Duvernay joint development transaction. During the second quarter, approximately 7,000 boed of NOG production was temporarily shut in by operators, primarily on the company’s Novo assets
(World Oil) – Chevron Technical Center has signed a technology licensing agreement with ZL Chemicals Ltd. to commercialize Chevron-developed surfactant technology designed to improve resource recovery in shale and tight oil reservoirs. Under the agreement, ZL Chemicals will market products and services utilizing the technology under the Vantis™ brand, expanding commercial access to a chemical enhanced oil recovery (EOR) solution that Chevron has developed and deployed
(World Oil) – Oceaneering International has been awarded a four-year contract by Petrobras to provide remotely operated vehicle (ROV) services supporting offshore operations in Brazil. The contract, awarded through a competitive tender process, will be executed by Oceaneering’s Brazilian subsidiary, Marine Production Systems do Brasil (MPS). Operations are scheduled to begin in 2027. Under the agreement, Oceaneering will supply two work-class ROV systems, specialized
(World Oil) – Superior Energy Services has entered into a definitive agreement to acquire Sonic Holdings, LLC, expanding its production equipment and wellsite services portfolio with the addition of a provider of electric feed-through technologies, drilling wellheads and aftermarket services. Financial terms of the transaction were not disclosed. The acquisition is expected to close during the third quarter of 2026. Founded in 2017,
(World Oil) – U.S. Steel has approved a $475 million investment to expand oil country tubular goods (OCTG) production capacity at its Fairfield Tubular Operations in Alabama, targeting growing demand from major U.S. oil and gas basins. The investment will fund the installation of a new quench and tempering (Q&T) line, adding internal heat-treatment capacity for tubular products and supporting the company’s strategy
(World Oil) – Baker Hughes has been awarded a long-term service agreement by ANOH Gas Processing Company (AGPC) to provide lifecycle services and digital monitoring support for the ANOH Gas Processing Plant in Nigeria. The agreement covers maintenance, repair services, engineering support and digital monitoring for critical turbomachinery equipment at the facility, including two NovaLT 16 gas turbines. Baker Hughes will also
(By Oil & Gas 360) – The next great American oil boom may not come from discovering a new basin. It may come from recovering more oil from fields that have already been producing for decades. For more than a century, the U.S. oil industry has focused on finding new resources. From the giant conventional fields of Texas and California to the
