While SLB’s Q3’25 results reflected the broader struggles of the oilfield services sector—driven by weaker crude prices and softer onshore activity—one area of the business is defying the trend: Data Center Solutions.
Baker Hughes (NASDAQ: BKR) is reshaping its business once again—this time through a bold acquisition of Chart Industries (NASDAQ: GTLS). The $13.6 billion deal marks one of the company’s largest strategic shifts in years, signaling a move away from its historic dependence on oilfield services toward a broader energy technology platform.
Halliburton’s third-quarter results showed steady growth overall, but one detail stood out — cementing activity in U.S. Land declined.
Nationally, the U.S. rig count ticked up to 548, with 418 oil rigs, 121 gas rigs, and 17 offshore platforms — a sign of slow but durable recovery heading into winter.
Liberty Energy’s pivot toward distributed natural gas power generation represents a bold evolution from a traditional oilfield services provider to an energy infrastructure enabler for the emerging AI and data center economy.
The Permian Basin’s natural gas future just became a lot more connected. On October 9, ARM Energy and PIMCO announced a Final Investment Decision (FID) on the Mustang Express Pipeline, a $2.3 billion, 42-inch project that will transform gas flows from the Katy Hub to the Gulf Coast LNG corridor.
The global crude market is entering a rare phase: the world’s largest producer, the United States, is pumping at record levels and consuming barrels at a pace that defies seasonal patterns. Add tightening chokepoints in Europe, Saudi pricing adjustments, and Libya’s upstream revival—and the Atlantic and Middle Eastern basins are now locked in a complex tug-of-war between abundance and constraint.
Occidental Petroleum CEO Vicki Hollub shared a confident yet measured outlook for oil markets this week at the Energy Intelligence Forum in London, forecasting a period of price stability followed by a tightening market later in the decade. Hollub expects oil prices to remain within a $58 to $62 per barrel range through 2026, describing the near-term environment as relatively balanced. But beyond that horizon, she sees growing potential for upward movement. v
If all the announced LNG export projects in North America get built — and that’s still a big if — our continent’s LNG export capacity is on track to more than double over the next five years.
At the Pennsylvania Energy and Innovation Summit, hosted by Senator Dave McCormick More than $92 billion in private-sector investments—yes, nearly one-tenth of a trillion dollars—were unveiled for the Keystone State.
And at the center of this massive wave of capital? The Marcellus Shale, the largest natural gas field in the United States and the foundation of Pennsylvania’s modern industrial resurgence.
