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Energy technology company Baker Hughes (NASDAQ: BKR) is collaborating with C3 AI (NYSE: AI), Accenture (NYSE: ACN) and Microsoft on industrial asset management (IAM) solutions for clients in the energy and industrial sectors. The collaboration will focus on creating and deploying Ba...
Baker Hughes (BKR +3.9%) says it agreed to acquire privately held Altus Intervention, a provider of well intervention services and down-hole oil and gas technology, with it says will enhance its life-of-well capabilities as operators look to improve efficiencies from mature fields. Headquarte...
Oil production in the short and longer term threatened due to geopolitical events. Oil services contractors withdrawing from Russia for new work. Multiple oil sites attacked in Saudi Arabia. Very strong US gasoline demand despite the rise in price. For further details se...
Baker Hughes (NASDAQ: BKR) (“Baker Hughes” or the “Company”) announced it has suspended new investments for its Russia operations. The Company is continuing to comply with applicable laws and sanctions as it fulfills current contractual obligations. ...
This week's DOE inventory update showed a larger than expected 5.6mb draw in oil and oil products (USO). TSA checkpoint numbers pointed to a ~7% increase in passenger volume week on week (JETS). California legislators proposed a $400 tax rebate to mitigate the impact of rising gasoline prices...
Baker Hughes (NASDAQ: BKR) will hold a webcast on Wednesday, April 20, 2022 to discuss the results for the first quarter ending March 31, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at ...
Oil and gas are currently trading lower than the record high prices they hit earlier this month. But with global tensions still unresolved, lingering supply constraints and rising demand have the potential to again drive oil prices to fresh highs. Therefore, we think it could be wise to bet o...
The energy sector (XLE -3.7%) suffered a broad beating Tuesday and the group was the only S&P sector to finish in negative territory, as crude oil prices plunged below $100/bbl. April WTI crude (CL1:COM) closed -6.4% at $96.44/bbl, its lowest settlement since February 28, and May Bre...
Given the hit to supply from sanctions on Russia, domestic crude producers like Continental Resources and Diamondback Energy are uniquely positioned to benefit from higher WTI crude prices. Harold Hamm purchased $20 million of Continental Resources last week. Other interesting ins...
The S&P energy sector (NYSEARCA:XLE) rose 2% this week even as U.S. benchmark crude oil posted its first weekly loss since Russia invaded Ukraine, capping a week of volatile trading that isn't likely to let up soon. WTI front-month crude (CL1:COM) closed Friday +3.1% but ended with a 5.5%...
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2024-07-30 04:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Golf tournament benefits hospital's newborn center & neonatal intensive care unit Event has raised more than $7 million since 1998 to enhance innovation and excellence in the research, treatment and care of infants HOUSTON, TX / ACCESSWIRE / July 29, 2024 / Baker Hughes is pleas...
Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders. RPO of $33.5 billion, including record IET RPO of $30.2 billion. Revenue of $7.1 billion, up 13% year-over-year. Net income attributable to the Company of $579 million. ...