SLB, Baker Hughes see oil exploration spending rising as Iran war disrupts supply - Reuters

<a href="https://news.google.com/rss/articles/CBMiyAFBVV95cUxOTEpmM2NKdXByaTdEU0VJT3BLTU1mTjdvQ0trRnhNdkdVZW1FLWhLQU43a0h2SUxkMXNqd2ptdEpCd0J0MVgySXlFOWRkUTBkTkxEZklraXlXT3FnWFJicHVsMi1BUk9rbkRsb0h6T1FrbEZ2eWF4My1aeTQ5VncwUkVHd2luLTFvQ0NNdmEwbFVsUVN2WTJLX2lPQkVfWU1hSGNKWnpuRXZQUzE0WVVfM1dENHJ2NUxBaERlRlJFU1RuSnRTeVRyVA?oc=5" target="_blank">SLB, Baker Hughes see oil exploration spending rising as Iran war disrupts supply</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Top oilfield services companies SLB and Baker Hughes anticipate increased spending on oil exploration and production due to global supply disruptions caused by the Middle East conflict, particularly in North America.

SLB reported a decline in first-quarter profit as disruptions from the Iran war impacted demand for oilfield services in key oil-producing regions.

SLB and Baker Hughes expect higher spending on oil exploration and production due to tighter global supplies driven by the Middle East conflict, highlighting the need for investment, particularly in North America.

Les entreprises de services pétroliers SLB et Baker Hughes prévoient une augmentation des investissements dans l'exploration et la production de pétrole en raison des perturbations d'approvisionnement causées par le conflit au Moyen-Orient.

SLB reported a fall in first-quarter profit as disruptions from the Iran war hit demand for oilfield services in a key oil-producing region.

SLB and Baker Hughes expect higher spending on oil exploration and production due to tighter global supplies driven by the Middle East conflict, emphasizing the need for investment in North America.

SLB and Baker Hughes expect higher spending on oil exploration and production due to tighter global supplies driven by the Middle East conflict, highlighting the need for investment, particularly in North America.

SLB is seeking to recover higher costs from customers after the U.S.-Israeli war on Iran and the effective closure of the Strait of Hormuz disrupted global supply chains.

Baker Hughes CEO Lorenzo Simonelli anticipates a rebound in upstream investment in the second half of 2026 and into 2027, driven by a global push for energy security amid disruptions from the Iran war.