Baker Hughes

Impact: Baker Hughes secured a significant contract from Azule Energy to provide subsea production systems for the Greater PAJ development, expanding its offshore operations in Angola and reinforcing its global subsea tree position. This contract is expected to boost its revenue and market presence in Sub-Saharan Africa.

Impact: Baker Hughes is the primary source of the rig count data, which is a key indicator for future oil and gas production. The increase in rig count reported by Baker Hughes suggests a positive outlook for its services.

Impact: Baker Hughes is selling Baker Hughes — Waygate Technologies to Hexagon AB for $1.45 billion. This divestiture allows Baker Hughes to streamline its portfolio.

Impact: Baker Hughes, another U.S. oilfield services company, also had sites targeted by drone attacks at the Rumaila oilfield, affecting its operations.