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Baker Hughes wins multi-year Kuwait Oil Company contract

Tue, 11 Aug 2026 07:00:35 -0400

Baker Hughes (NASDAQ: BKR) has secured a multi-year contract with Kuwait Oil Company (KOC) to develop and deploy technology solutions in Kuwait's upstream energy sector, according to a company statement.

The agreement positions Baker Hughes as a technology collaborator within the Ahmadi Innovation Valley (AIV), KOC's initiative to establish an in-country research and innovation hub. The collaboration will focus on digital and artificial intelligence automation solutions aimed at optimizing production and flow assurance across KOC's operations.

As part of the contract, Baker Hughes will build a dedicated research and technology development center within the Ahmadi Innovation Valley. The center is intended to

Baker Hughes Awarded Multi-Year Contract by Kuwait Oil Company for Ahmadi Innovation Valley Project

Tue, 11 Aug 2026 07:00:00 -0400

Agreement positions Baker Hughes as key technology collaborator in KOC’s innovation ecosystem
Tech focus will be on innovative, fit-for-purpose solutions, including digital and AI automation, to address KOC’s challenges and production priorities
Baker Hughes commits to dedicated research and development center in Kuwait to support evaluation of new solutions and deployment of tech at scale

HOUSTON and LONDON, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a multi-year contract with Kuwait Oil Company (KOC) to accelerate technology innovation in the country’s upstream energy sector.

The contract positions Baker

Baker Hughes Awarded Multi-Year Contract by Kuwait Oil Company for Ahmadi Innovation Valley Project

Tue, 11 Aug 2026 07:00:00 -0400

Agreement positions Baker Hughes as key technology collaborator in KOC’s innovation ecosystem
Tech focus will be on innovative, fit-for-purpose solutions, including digital and AI automation, to address KOC’s challenges and production priorities
Baker Hughes commits to dedicated research and development center in Kuwait to support evaluation of new solutions and deployment of tech at scale

The contract positions Baker

Baker Hughes Awarded Multi-Year Contract by Kuwait Oil Company for Ahmadi Innovation Valley Project

Tue, 11 Aug 2026 07:00:00 -0400

Agreement positions Baker Hughes as key technology collaborator in KOC’s innovation ecosystem
Tech focus will be on innovative, fit-for-purpose solutions, including digital and AI automation, to address KOC’s challenges and production priorities
Baker Hughes commits to dedicated research and development center in Kuwait to support evaluation of new solutions and deployment of tech at scale

The contract positions Baker

Baker Hughes Awarded Multi-Year Contract by Kuwait Oil Company for Ahmadi Innovation Valley Project

Tue, 11 Aug 2026 07:00:00 -0400

Agreement positions Baker Hughes as key technology collaborator in KOC’s innovation ecosystem
Tech focus will be on innovative, fit-for-purpose solutions, including digital and AI automation, to address KOC’s challenges and production priorities
Baker Hughes commits to dedicated research and development center in Kuwait to support evaluation of new solutions and deployment of tech at scale

The contract positions Baker

MS designates this oilfield services stock as a "top pick"

Mon, 10 Aug 2026 12:00:00 -0400

Investing.com - In July, this U.S. oilfield services company secured approval from the European Union for a $13.6 billion acquisition of Chart Industries.

To gain the EU's sign-off, the firm, Baker Hughes, agreed to divest Chart's proprietary process technology and small-scale process technology unit. Baker Hughes also said it would make sure that its equipment was interoperable with third-party liquefied natural gas gear.

The acquisition of Chart, a maker of industrial gear like valves and measurement technology for gas and liquid molecule handling, is seen as part of a push by Baker Hughes to bolster its presence in industrial technology

Baker Hughes wins subsea systems contract for Indonesia gas project

Mon, 10 Aug 2026 07:02:28 -0400

Baker Hughes (NASDAQ: BKR) announced it has received a contract from Searah North Ganal Limited, a subsidiary of a joint venture between Eni and Petronas, to supply subsea production systems for the Kutei Northern Hub development offshore Indonesia.

Under the agreement, Baker Hughes will supply 17 deepwater horizontal tree systems, along with manifolds, connections, and control and distribution systems, for the integrated development of the Geng North and Gehem fields. The company will also deploy its Cordant asset protection and condition monitoring systems for the project.

The systems are intended to support natural gas production aimed at strengthening Indonesia's LNG capacity and

Baker Hughes to Supply Subsea Systems for Kutei Northern Hub Development in Indonesia

Mon, 10 Aug 2026 07:00:00 -0400

HOUSTON and LONDON, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a substantial award from Searah North Ganal Limited (Subsidiary of Searah Limited, a joint venture Company between Eni and PETRONAS) to deliver subsea production systems and digital solutions to support safe, efficient and optimized production for the Kutei Northern Hub development offshore Indonesia.

Under the agreement, Baker Hughes will supply 17 deepwater horizontal tree systems, along with associated manifolds and connections, control and distribution systems, for the integrated development of the recently discovered Geng North

Baker Hughes to Supply Subsea Systems for Kutei Northern Hub Development in Indonesia

Mon, 10 Aug 2026 07:00:00 -0400

Baker Hughes to Supply Subsea Systems for Kutei Northern Hub Development in Indonesia

Mon, 10 Aug 2026 07:00:00 -0400

Baker Hughes to Supply Subsea Systems for Kutei Northern Hub Development in Indonesia

Mon, 10 Aug 2026 07:00:00 -0400

Morgan Stanley Resumes Baker Hughes (BKR) at Overweight and Top Pick

Fri, 07 Aug 2026 02:57:24 -0400

Morgan Stanley analyst Joe Laetsch resumes coverage on Baker Hughes (NASDAQ: BKR) with a Overweight rating and a price target of $70.00.

The analyst comments: “Following the close of the GTLS acquisition in mid-July, we are resuming coverage of BKR at Overweight with a $70/sh price target, implying 13% upside. BKR has continued to evolve into a broader industrial energy technology platform, with the Chart acquisition expanding its exposure to LNG, gas infrastructure, power, data centers, industrial, and new energy markets while increasing the scale of its installed base and recurring aftermarket opportunity. Looking ahead, we expect IET to remain the

Morgan Stanley Resumes Baker Hughes (BKR) at Overweight and Top Pick

Fri, 07 Aug 2026 02:57:24 -0400

Morgan Stanley analyst Joe Laetsch resumes coverage on Baker Hughes (NASDAQ: BKR) with a Overweight rating and a price target of $70.00.

US energy firms add oil and gas rigs for sixth time

Fri, 31 Jul 2026 13:21:17 -0400

Investing.com -- US energy companies increased their drilling activity this week, marking the sixth addition in seven weeks, according to Baker Hughes (NYSE:BKR) data released Friday.

The combined oil and gas rig count rose by one to 588 in the week ending July 31. The figure now stands 48 rigs, or 9%, higher than the same period last year.

Oil rigs increased by one to 451 this week, reaching their highest level since mid-July. Gas rigs remained unchanged at 127, while miscellaneous rigs stayed at 10.

The oil and gas rig count had fallen 7% in 2025, 5% in 2024, and 20% in

US energy firms add oil and gas rigs for sixth time

Fri, 31 Jul 2026 13:21:17 -0400

Investing.com -- US energy companies increased their drilling activity this week, marking the sixth addition in seven weeks, according to Baker Hughes (NYSE:BKR) data released Friday.

The combined oil and gas rig count rose by one to 588 in the week ending July 31. The figure now stands 48 rigs, or 9%, higher than the same period last year.

Oil rigs increased by one to 451 this week, reaching their highest level since mid-July. Gas rigs remained unchanged at 127, while miscellaneous rigs stayed at 10.

The oil and gas rig count had fallen 7% in 2025, 5% in 2024, and 20% in

US energy firms add oil and gas rigs for sixth time

Fri, 31 Jul 2026 13:21:17 -0400

Investing.com -- US energy companies increased their drilling activity this week, marking the sixth addition in seven weeks, according to Baker Hughes (NYSE:BKR) data released Friday.

The combined oil and gas rig count rose by one to 588 in the week ending July 31. The figure now stands 48 rigs, or 9%, higher than the same period last year.

Oil rigs increased by one to 451 this week, reaching their highest level since mid-July. Gas rigs remained unchanged at 127, while miscellaneous rigs stayed at 10.

The oil and gas rig count had fallen 7% in 2025, 5% in 2024, and 20% in

Dynamis orders 76 Baker Hughes gas turbines totaling ~1.3GW

Wed, 29 Jul 2026 07:03:57 -0400

Dynamis Power Solutions, LLC and Baker Hughes (NASDAQ: BKR) announced an order for 76 NovaLT16 gas turbines paired with gearboxes and generators, totaling approximately 1.3 gigawatts of capacity for data center and oil and gas applications.

According to a press release, the turbines were booked in the second quarter of 2026, with gearboxes and generators booked in the third quarter. Baker Hughes will supply the NovaLT16 gas turbines alongside BRUSH Power Generation generators, gearboxes, and control systems.

Dynamis will package the equipment into its DT17 hypermobile power units, which are designed for deployment across data center projects and oil and gas operations

Dynamis Power Solutions Awards Baker Hughes Major Power Generation Order for Data Centers, Oil & Gas