Baker Hughes Locks In Two Multi-Year Equinor Extensions

Baker Hughes secured two multi-year contract extensions with Equinor to support offshore hydrocarbon production in the North Sea and expanded operations in Brazil's Santos Basin. The stock trades at $63.50 with a Buy rating and $74.00 average price target, though momentum indicators suggest cooling upside pressure.

05/28/2026, 2:41 PM • Benzinga

Baker Hughes Extends and Expands Integrated Well Construction Contract with Petrobras

Baker Hughes has secured a major contract extension with Petrobras to provide integrated well construction solutions across Brazil's Santos Basin pre-salt offshore fields. The expansion will deploy advanced technologies including AutoTrak rotary steerable systems, logging-while-drilling tools, and Dynamus drill bits to support deepwater well development. The project builds on a 2024 agreement and leverages Baker Hughes' comprehensive portfolio across drilling, wireline, cementing, and other specialized services.

05/26/2026, 7:00 AM • GlobeNewswire

Chinese Crude Imports Drop 20% In April, Potentially Easing Pressure On Surging Oil Prices

China's crude oil imports fell 20% month-over-month in April to 8.2 million barrels per day, the lowest in two years. This represents a 30% decline from pre-war levels of 11.7 million barrels per day. Chinese state-owned oil companies are reselling crude cargoes to European and Asian buyers, suggesting comfortable domestic inventory levels. The sustained slowdown in Chinese imports could ease upward pressure on global oil prices amid geopolitical tensions affecting the Strait of Hormuz.

05/11/2026, 4:21 AM • Benzinga

SLB’s Tough Quarter Masks a Powerful Long-Term Shift

Schlumberger (SLB) reported a difficult Q1 2026 with declining organic revenue, compressed margins, and lower earnings due to Middle East disruptions. However, the company's digital business grew 9% YOY to $640M quarterly revenue, expanded its NVIDIA partnership for AI industrialization, and continued shareholder returns with $451M in buybacks. Despite near-term headwinds, SLB's pivot toward high-margin software and subscription-based services positions it as a compelling long-term opportunity for patient investors.

05/08/2026, 10:22 AM • Investing

What's Going On With Equinor Stock Monday?

Equinor (EQNR) shares rose 2.29% in premarket trading on Monday, supported by strength in the energy sector. The company extended key drilling and well service contracts valued at approximately $1.4 billion to maintain stable production through 2035. The stock is trading near the upper end of its 52-week range with positive technical indicators, though it carries a Hold rating with a $37.00 average price target. Earnings are scheduled for May 6, 2026.

05/04/2026, 7:03 AM • Benzinga

Gas Hits $4.43, Surges 61% Since December As Strait Of Hormuz Uncertainty Drives Fuel Prices Higher

U.S. gas prices surged to $4.43 per gallon, up 61% since December, driven by Iran escalation fears and Strait of Hormuz uncertainty. Oil briefly hit $126 a barrel, its highest level since the Iran war began. California's gas prices approached all-time highs at $6.088/gallon. The Federal Reserve flagged elevated inflation from global energy prices, with potential rate hikes possible as soon as June. Travel and airline industries face headwinds from surging fuel costs.

05/03/2026, 2:39 AM • Benzinga

Leak Detection Market Size to Hit USD 8.53 Billion by 2035 | SNS Insider

The U.S. leak detection market is projected to grow at a CAGR of 5.31% through 2035, driven primarily by regulatory compliance requirements and aging pipeline infrastructure. Handheld detectors dominate the market with 47% share, while UAV-based detectors represent the fastest-growing segment. North America leads globally with 48% market share, while Asia Pacific shows the strongest growth potential at 7.48% CAGR.

05/01/2026, 10:00 AM • GlobeNewswire

Strait Of Hormuz May Stay Shut Until Second Half Of 2026 Amid Middle East, Baker Hughes CFO Says

Baker Hughes CFO Ahmed Moghal stated the Strait of Hormuz may remain closed until the second half of 2026 due to Middle East tensions. The closure has removed 10% of global oil supply and disrupted 20% of global LNG output. Baker Hughes reported Q1 revenue of $6.6 billion (up 2% YoY) and orders jumped 26% to $8.2 billion, beating EPS estimates, though free cash flow declined 54%.

04/25/2026, 12:10 AM • Benzinga

As Trump Pushes for "Energy Dominance," 3 Core Energy Holdings Stand Out for Patient Investors

The Trump administration's energy dominance policy combined with geopolitical factors and rising AI data center demand create opportunities in U.S. LNG and nuclear sectors. Three investments stand out: the Global X U.S. Natural Gas ETF for broad LNG exposure, Baker Hughes for gas technology equipment, and Cameco for nuclear fuel and services as Russia's uranium exports are restricted.

04/20/2026, 9:15 AM • The Motley Fool

Baker Hughes Dumps Non-Core Unit In $1.45 Billion Deal

Baker Hughes agreed to sell its Waygate Technologies business to Hexagon in an all-cash transaction valued at $1.45 billion. The divestiture is part of Baker Hughes' strategy to streamline its portfolio, strengthen its balance sheet, and enhance earnings and cash flow durability. BKR shares were up 1.61% in premarket trading on Monday.

04/13/2026, 7:32 AM • Benzinga

Baker Hughes Expands in South America with Gas Project Win

Baker Hughes secured an order from San Matias Pipeline S.A. for three NovaLT16 gas turbines to support natural gas transportation from Argentina's Vaca Muerta formation. This marks the first deployment of Baker Hughes' NovaLT technology in South America. The win follows a recent 60-month service agreement with Petrobras for Brazil's offshore operations. However, BKR stock is underperforming its energy sector peers despite strong long-term momentum.

04/07/2026, 2:18 PM • Benzinga

Baker Hughes Secures Strategic Gas Technology Order Supporting Argentina’s Gas Infrastructure

Baker Hughes secured a strategic order from San Matias Pipeline S.A. to supply three NovaLT™16 gas turbines with centrifugal compressors for a natural gas pipeline project in Argentina. The equipment will support transportation of natural gas from the Vaca Muerta formation to feed Southern Energy's floating LNG vessels, marking the first deployment of Baker Hughes' NovaLT technology in South America.

04/07/2026, 7:00 AM • GlobeNewswire

Baker Hughes Announces Dates for First-quarter Earnings Release and Webcast

Baker Hughes announced its Q1 2026 earnings will be released on April 23, 2026, with a webcast discussion on April 24. The company signed a strategic long-term service agreement with Petrobras covering maintenance and repairs for up to 64 aeroderivative gas turbines for Brazil's offshore and refinery operations. Baker Hughes also successfully issued $6.5 billion in senior notes.

03/20/2026, 7:00 AM • GlobeNewswire

Baker Hughes Lands Mega Petrobras Deal To Power Brazil's Energy Backbone

Baker Hughes secured a substantial 60-month service agreement with Petrobras worth significant value to support critical turbomachinery equipment for Brazil's offshore operations. The deal covers maintenance and engineering advisory services for up to 64 aeroderivative gas turbines across approximately 19 FPSO vessels. The stock showed mixed technical signals with neutral RSI but bearish MACD, trading slightly up on the news.

03/18/2026, 10:55 AM • Benzinga

Oil and Gas Wells Drilling Services Industry Report 2026-2035: A $61.38 Billion Market by 2030 with Saudi Arabian Oil Company, Exxon Mobil Corporation, and China National Petroleum Leading

The global oil and gas wells drilling services market is projected to grow from $53.42 billion in 2026 to $61.38 billion by 2030, with a CAGR of 3.5%. Growth is driven by unconventional resource development, offshore expansion, and technological advancements including directional drilling and automation. Major players are investing in innovations like advanced diagnostics and wellbore placement solutions to enhance operational efficiency.

03/09/2026, 11:00 AM • GlobeNewswire