Baker Hughes Shifts Strategy, Invests in Argent LNG Export Project
Baker Hughes takes a 5% equity stake in Argent LNG, signaling a strategic pivot from equipment supplier to direct investor in a major Louisiana LNG export
Market-moving news and intelligence across global energy markets.
Baker Hughes takes a 5% equity stake in Argent LNG, signaling a strategic pivot from equipment supplier to direct investor in a major Louisiana LNG export
GE Vernova reports robust Q2 2026 results, driven by significant orders in Power and Electrification, raising full-year revenue and free cash flow guidance
Magnolia Oil & Gas acquires WildFire Energy for $4.06 billion, significantly expanding its Eagle Ford/Austin Chalk acreage and production in South Texas.
ConocoPhillips acquires a 42% interest in BP Energy Company of Kirkuk Limited, boosting its presence in Iraq's producing oil fields.
Shell's $16.4 billion acquisition of ARC Resources is set to close, significantly expanding its Montney shale gas footprint and reinforcing its LNG Canada
A new S&P Global Energy study projects US LNG exports will double to 36 bcf/d within five years, becoming the nation's second-largest net export industry.
TotalEnergies expects strong Q2 2026 results, buoyed by higher Brent prices and robust refining margins, despite a dip in LNG trading performance.
Argent LNG and Ukraine's Naftogaz signed an MoU for long-term US LNG supply, enhancing European energy security and diversifying gas sources.
BP anticipates reduced Q2 2026 upstream production due to seasonal maintenance and Middle East disruptions, while projecting a significant net debt reducti
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