Baker Hughes agreed to sell its Waygate Technologies business to Hexagon in an all-cash transaction valued at $1.45 billion. The divestiture is part of Baker Hughes' strategy to streamline its portfolio, strengthen its balance sheet, and enhance earnings and cash flow durability. BKR shares were up 1.61% in premarket trading on Monday.

Baker Hughes secured an order from San Matias Pipeline S.A. for three NovaLT16 gas turbines to support natural gas transportation from Argentina's Vaca Muerta formation. This marks the first deployment of Baker Hughes' NovaLT technology in South America. The win follows a recent 60-month service agreement with Petrobras for Brazil's offshore operations. However, BKR stock is underperforming its energy sector peers despite strong long-term momentum.

Baker Hughes secured a strategic order from San Matias Pipeline S.A. to supply three NovaLT™16 gas turbines with centrifugal compressors for a natural gas pipeline project in Argentina. The equipment will support transportation of natural gas from the Vaca Muerta formation to feed Southern Energy's floating LNG vessels, marking the first deployment of Baker Hughes' NovaLT technology in South America.

Baker Hughes announced its Q1 2026 earnings will be released on April 23, 2026, with a webcast discussion on April 24. The company signed a strategic long-term service agreement with Petrobras covering maintenance and repairs for up to 64 aeroderivative gas turbines for Brazil's offshore and refinery operations. Baker Hughes also successfully issued $6.5 billion in senior notes.

Baker Hughes secured a substantial 60-month service agreement with Petrobras worth significant value to support critical turbomachinery equipment for Brazil's offshore operations. The deal covers maintenance and engineering advisory services for up to 64 aeroderivative gas turbines across approximately 19 FPSO vessels. The stock showed mixed technical signals with neutral RSI but bearish MACD, trading slightly up on the news.

The global oil and gas wells drilling services market is projected to grow from $53.42 billion in 2026 to $61.38 billion by 2030, with a CAGR of 3.5%. Growth is driven by unconventional resource development, offshore expansion, and technological advancements including directional drilling and automation. Major players are investing in innovations like advanced diagnostics and wellbore placement solutions to enhance operational efficiency.

Baker Hughes priced a $6.5 billion U.S. dollar and €3 billion euro debt offering consisting of senior unsecured notes across multiple tranches with maturities ranging from 2029 to 2056. The company intends to use net proceeds to fund a portion of the cash consideration for its proposed acquisition of Chart Industries, Inc. The offerings are expected to close on March 11, 2026, subject to customary closing conditions.

Baker Hughes and Vallourec have signed a memorandum of understanding to collaborate on underground hydrogen storage solutions using the Delphy solution. This partnership represents a strategic move by both companies into the hydrogen storage sector.

Baker Hughes and Vallourec have signed a memorandum of understanding to collaborate on underground hydrogen storage solutions using the Delphy solution. This partnership represents a strategic move by both companies into the hydrogen storage sector.

The global industrial radiography equipment market is projected to grow from USD 2.01 billion in 2025 to USD 3.46 billion by 2032, with a CAGR of 8.04%. Growth is driven by increasing demand for digital and portable inspection solutions, integration with digital workflows, supply chain resilience, and regulatory compliance. Key trends include adoption of advanced imaging technologies, emphasis on lifecycle management partnerships, and region-specific procurement strategies.

Vallourec and Baker Hughes have signed a Memorandum of Understanding to collaborate on hydrogen storage solutions. The partnership will integrate Vallourec's Delphy underground hydrogen storage solution with Baker Hughes' compression technology to serve the green hydrogen market, including applications in green ammonia, sustainable fuels, green steel, and data centers.

Major M&A activity includes Mercedes-Benz planning to sell part of its Daimler Truck stake for €12 billion, Humana in advanced talks to acquire MaxHealth for ~$1 billion, ByteDance selling Mobile Legends creator for $6-7 billion, and Britney Spears selling her music catalog to Primary Wave. Warner Bros. Discovery faces activist opposition to its Netflix deal, while Baker Hughes considers divesting Waygate Technologies.