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Baker Hughes (NASDAQ:BKR), an energy technology company, announced Monday a substantial award from Searah North Ganal Limited (Subsidiary of Searah Limited, a joint venture Company between Eni and PETRONAS) to deliver
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Baker Hughes has secured a significant multi-year contract from bp to provide offshore stimulation services across bp's UK North Sea operations. The agreement includes deployment of Baker Hughes' StimFORCE™ modular stimulation package on a dedicated vessel to support new well development and enhanced recovery from mature fields, leveraging a UK operating base and local supply chain.
Significant contract supports new well development and production enhancement across bp's UK North Sea operationsAdvanced modular stimulation solution designed to support efficient well completion, operational
The VanEck Oil Services ETF (OIH) offers exposure to the Energy - Equipment and Services sector with a low expense ratio of 0.35% and $2.05 billion in assets. The ETF has delivered strong year-to-date performance of 53.31% and one-year returns of 73.3%, but carries high risk with a beta of 0.90 and standard deviation of 30.61%. Top holdings include Schlumberger, Baker Hughes, and TechnipFMC, with concentrated exposure across 26 holdings.
RBC Capital analyst Keith Mackey maintains Baker Hughes (NASDAQ:BKR) with a Outperform and raises the price target from $71 to $76.