VanEck Oil Services ETF (OIH)

Baker Hughes partners with Frontier Infrastructure to accelerate carbon capture and storage and power solutions, utilizing their technology and expertise.

Baker Hughes shares down on CFO transition. The company reiterated its first-quarter and full-year 2025 outlook.

The company’s quarterly revenue fell 26.6% to $1.16 billion compared to last year. Analysts, on average, expected the company to post $1.25 billion in revenue.

Baker Hughes Company announced transactions and partnerships at its 2025 Annual Meeting, including a contract with ExxonMobil and a partnership with Hanwha.

SLB Capturi wins contract to deliver carbon capture solution for Hafslund Celsio. Plans to capture 350,000 tons yearly and reduce emissions.

Several analysts lowered price target for Halliburton (HAL) mixed Q4 results and weak guidance. Stifel, Goldman Sachs, Piper Sandler revised estimates.

After Goldman Sachs released its 2025 macro outlook report, a lot of traders started picking up on the new upside potential in oil names.

Schlumberger secured major contracts from Shell for energy development in various locations, leveraging its AI and ultra-deepwater expertise.

The Biden-Harris administration has imposed extensive sanctions on Russia; a second Trump administration would likely nix those sanctions.

Analysts lower price target for BP after Q3 results show revenue miss and production decline. Focus on deleveraging over growth.

SLB joint venture won a contract from BP for a subsea boosting system as part of the greenfield development of the Kaskida project in the deepwater U.S.

Crude oil prices plummeted due to targeted Israeli airstrikes in Iran, but avoided oil infrastructure. U.S. energy stocks also saw sharp losses.

Israeli military identified the body of Sinwar, a top Hamas leader, using dental records and fingerprints, which matched those on file.

Oil prices dropped over 5% as Netanyahu assured US to avoid targeting Iranian oil facilities in retaliation. Energy stocks plunged, airlines rallied.

Iran, the seventh-largest oil producer in the world, backs Hezbollah. It also exports around half its production abroad, mostly to China.

Schlumberger N.V. and ADNOC Drilling form JV with Patterson-UTI Energy to accelerate UAE's unconventional oil and gas program, targeting 144 wells by 2025.

SLB's Lumi data and AI platform, integrating advanced AI, is set to revolutionize data access and decision-making across the energy value chain.

SLB successfully demonstrates sustainable lithium production at scale in Nevada plant, using 10% of land and minimizing water use.

Baker Hughes Company reported a decrease in oil and gas rigs for the second consecutive week, due to lower prices and rising costs.

Oil futures spiked as WTI rose 3% to over $77/barrel, driven by geopolitical tensions in the Middle East and supply disruptions in Libya.

Halliburton reportedly hit by cyberattack on north Houston campus and global networks. Company working with experts to resolve issue.

Halliburton reported Q2 revenue of $5.833B, lower than the consensus of $5.949B. The company reported an EPS of $0.80, in line with consensus.

SLB and CHX received second request from US Department of Justice for acquisition. Transaction expected to conclude late 2024 or early 2025.

Schlumberger and Equinor shares rise after SLB wins Subsea Production Systems contract from Equinor for offshore Norway project.

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are expected to extend their current production cuts this weekend, as per delegates and analysts.