ExxonMobil Corp. and its partners in the huge oil and gas discoveries offshore the tiny nation of Guyana in the northeast corner of South America are moving forward on an LNG export project.

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Baker Hughes, the US liquefied natural gas equipment-maker and energy services and technology company, has received an order relating to gas technology for Saudi Arabia Oil Company (Aramco) as the Middle East Kingdom moves to boost its natural gas production.

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Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, swung to an annual profit compared with a previous loss as quarterly income also rose along with revenues amid an operational overhaul and among the orders booked was one for LNG from the United Arab Emirates.

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Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, reported solid profits as revenues increased along with orders with an LNG cycle still forecast to extend for several years.

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Baker Hughes Company, the US liquefied natural gas equipment-maker and energy services company, reported record orders of $8 billion in the fourth quarter, including for turbo-machinery for LNG production and warned that global spare capacity for oil and gas has deteriorated to the extent it needs a huge investment boost.

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Monday, 25 July 2022 05:01

US-Canada rigs up

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July 25 (LNGJ) - US oil and gas services company Baker Hughes said in its weekly rig count that the number of onshore natural gas rigs increased by two in the US and by five in Canada. “The US rig count is up two from last week to 758 with oil rigs unchanged at 599, gas rigs up two to 155 and miscellaneous rigs unchanged at four,” said the report.

   “The US rig count is up 267 rigs from last year's count of 491 with oil rigs up 212, gas rigs up 51 and miscellaneous rigs up four,” added Baker Hughes. “The Canada rig count is up four from last week to 195, with oil rigs down one to 124 and gas rigs up five to 71,” stated the report.

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Chart Industries, the US LNG and industrial gases equipment-maker, has completed the acquisition of Fronti Fabrications Inc., a specialist in engineering, machining and welding for the cryogenic and gas sectors.

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Baker Hughes Co., the energy services provider and LNG equipment supplier, said it expected an increase in liquefied natural project activity as it posted solid third-quarter results and more contract wins since regaining its independence from General Electric.

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