Baker hughes expects natural gas demand will grow at more than twice the rate of oil over the next 10 yrs - conf. call
Baker hughes co - believe natural gas demand will grow at more than twice the rate of oil over the next 10 years.baker hughes co - lng demand growth will be an annual rate of 4% to 5% over next 10 years.baker hughes co - incrementally positive view of macro environment is tempered by growing geopolitical risk, most notably in the middle east.baker hughes says overall outlook for ofs and ofe segment remain largely unchanged from framework outlined on q3 earnings call.baker hughes expects n. american drilling and completion spending to see low double digit decline rate this year.baker hughes - for lng portion of tps unit, outlook remains constructive.baker hughes - despite some softness in near-term spot prices for lng, talks with customers have not changed materially.baker hughes co - anticipates subsea tree market to remain stable, with around 300 trees.baker hughes co - anticipates mid single-digit growth in for international oilfield service unit.baker hughes - expect net capex levels in 2020 to be similar to 2019.baker hughes - margins in ofs were down 110 basis point in q4, below co's expectations.baker hughes - believe margin headwinds in ofs in q4 largely transitory, expectations for 2020 unchanged.baker hughes - subsea tree awards in 2020 expected to remain consistent with 2019.baker hughes co - expect ofe revenues to increase in the mid single-digit range on a year-over-year basis for q1.
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