LNG

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.

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.