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United States Oil And Gas

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Oil and Gas

Baker Hughes tops estimates as gas technology pivot offsets oilfield softness

Baker Hughes (NASDAQ:BKR) reported fourth-quarter profits that comfortably cleared analyst hurdles, as the company’s strategic shift toward liquefied natural gas (LNG) and industrial energy technology bore fruit against a volatile backdrop for crude prices.

Read more: Baker Hughes tops estimates as gas technology pivot offsets oilfield softness
Grafa
Oil and Gas

Murphy Oil identifies non-commercial hydrocarbons in Ivorian frontier well

Murphy Oil (NYSE:MUR) announced today that its Civette-1X exploration well offshore Côte d’Ivoire reached total depth but failed to meet commercial thresholds, a result that provides a sober look at the frontier basin even as it confirms a working petroleum system.

Read more: Murphy Oil identifies non-commercial hydrocarbons in Ivorian frontier well