March 10, 2025 14:18 GMT
AMERICAS OIL: Baker Hughes says producers unlikely to increase spending in 2025
AMERICAS OIL
Baker Hughes says producers unlikely to increase spending this year: Reuters
- Baker Hughes Chief Executive Lorenzo Simonelli said on Monday at S&P Global’s CERAWeek conference in Houston that US producers are unlikely to increase spending this year, and production increases will primarily come from greater efficiencies, rather than new drilling.
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