$BKR

Simply Wall St says Baker Hughes’ (BKR) multi-year Kuwait Oil Company contract and an Indonesia contract position it as a technology partner for upstream work in Ahmadi Innovation Valley. The article cites supportive North American rig activity and recent share performance. It estimates fair value at $71.24 versus a $64.82 close, implying about 9% upside, while noting LNG/gas demand and margin risks.

Baker Hughes’ weekly U.S. rig count rose by 1 to 580 for the week, with oil rigs unchanged at 445 and gas rigs up 1 to 126, according to the Baker Hughes Rig Count report. The release is used as a leading indicator for drilling activity and can affect WTI, natural gas, and energy stocks.

Karnataka High Court quashed GST recovery notices (Form GST DRC-13) against BKR Services Private Limited, ruling it is a separate legal entity from the deceased proprietor’s proprietary concern, B. K. R. Swamy Security Agencies. The court also set aside Section 73 adjudication orders for 2021-22 and restored proceedings, allowing the proprietor’s son and wife to file detailed replies.

Baker Hughes shares rose about 4% after Bloomberg News reported the company is exploring a sale of its Waygate Technologies unit. Baker Hughes agreed last year to buy Chart Industries for about $9.6 billion and is considering divesting Waygate, potentially worth around $1.5 billion. Separately, it said it received a gas turbine order from Twenty20 Energy for U.S. data centers.

Baker Hughes reported its weekly rig count rose 5 to 593. Oil rigs increased 1 to 455 and gas rigs rose 4 to 128. Compared with a year ago, oil is up from 412, gas from 122, and total from 539. The article also notes crude oil at $82.19 and various macro market moves.

Simply Wall St says Baker Hughes (BKR) won multi-year contracts with Kuwait Oil Company for upstream technology innovation and with QatarEnergy to supply equipment for two LNG mega trains at Qatar’s North Field West project. It also cites new subsea and hydrogen-infrastructure collaborations in Indonesia and Europe. The article projects BKR revenue of $30.8B and earnings of $3.3B by 2029.

Baker Hughes said it secured a multi-year contract from Kuwait Oil Company (KOC) to build an R&D and technology development centre within Kuwait’s Ahmadi Innovation Valley. The centre will evaluate and deploy technologies using Baker Hughes’ digital and AI-enabled automation, targeting higher hydrocarbon recovery and lower operating costs, water production and power use. KOC appointed Baker Hughes, SLB, Halliburton and NESR as strategic partners.

Oilprice.com says geopolitical disruptions have raised LNG prices and highlighted supply risks. It cites damage to QatarEnergy’s Ras Laffan trains 4 and 6 and Shell’s Pearl GTL Train 2 outage plans. The article lists five LNG megaprojects, including Qatar North Field expansion, NextDecade’s Rio Grande LNG, and Sempra’s Port Arthur LNG, with 2026-2031 timelines and capacity targets.

Baker Hughes (BKR) said it won a multi-year contract from Kuwait Oil Company for the Ahmadi Innovation Valley Project. The deal calls for an in-country R&D center focused on digital and AI solutions for oil recovery and operations. Investors may watch commissioning progress and follow-on deployments in 2026-2027.

The article links oil price risk to escalating attacks affecting Iran-related shipping and energy infrastructure. Yemen’s Transport Ministry reported deaths in a suspected Houthi attack on the Egyptian-owned Tihamah. U.S. CENTCOM said a U.S. helicopter struck a Panama-flagged vessel after it tried to bypass a blockade of Iranian ports. A drone hit a power station at Libya’s Zawiya oil export terminal. It also cites energy-sector deals involving Baker Hughes, CenterPoint Energy, Phillips 66, Kind