Baker Hughes Company (BKR) projected a decrease in drilling and well completion spending in North America for 2024.The forecast comes amid ongoing volatility in commodity prices, significantly impacting the industry’s dynamics.Lorenzo Simonelli, the CEO of Baker Hughes, expressed that there is a continued lack of momentum in North American activity. He anticipates no substantial improvement in activity during the initial half of 2024. This indicates the company’s cautious stance in response to the growing u ...