Baker Hughes

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Halliburton and Baker Hughes announce approval of transaction by stockholders of both companies

Halliburton Company (NYSE:HAL) today announced that its stockholders approved Halliburton's proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes Incorporated (NYSE: BHI). In addition, Baker Hughes today announced that its stockholders adopted... Friday, March 27, 2015

100,000 Layoffs and Counting: Is this the New Normal?

This time a year ago, the oil industry's biggest problem was finding a way to deal with the 'retirement tsunami' about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom-55. Now, with oil prices still in the doldrums, many of those same workers are lucky to be ha... Thursday, March 19, 2015

Baker Hughes announces February 2015 rig counts

Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for February 2015 was 1,275, up 17 from the 1,258 counted in January 2015, and down 66 from the 1,341 counted in February 2014. The international offshore rig count for February 2015 was 324, up 10 from the 314 co... Friday, March 6, 2015

Baker Hughes announces January 2015 rig counts

Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for January 2015 was 1,258, down 55 from the 1,313 counted in December 2014, and down 67 from the 1,325 counted in January 2014. The international offshore rig count for January 2015 was 314, down 24 from the 338 ... Friday, February 6, 2015

US onshore rig count continues steady decline

The Gaffney, Cline & Associates (GCA) US Oil & Gas Monitor, launched on 9 January 2015 to track onshore and Gulf of Mexico (GoM) activity in the light of the oil price crash, continues to show a steady decline generally tracking that seen six years ago in the 2008-2009 oil price crash. The Baker Hug... Monday, January 26, 2015

Baker Hughes announces fourth quarter and annual results

Baker Hughes Incorporated (NYSE: BHI) announced today results for the fourth quarter of 2014. Martin Craighead, Baker Hughes Chairman and Chief Executive Officer commented, "Our fourth quarter results punctuate a record year for our company in 2014. We delivered very strong growth in revenue, ... Tuesday, January 20, 2015

Oil price, Petrofac, Sundry-Schlumberger-Afren-Azonto-GKP-Plexus- And finally...

Oil price With the US closed yesterday it was pretty quiet according to traders I have contacted this morning, prices above are what I think are about right consensus. Either way crude fell in that light trading and various stats are having an effect on the market. The most important number was of... Tuesday, January 20, 2015

5 Ways To Play The Oil Price Plunge

The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is figuring out which side of the trade to be on. The most obvious victim of the slide in Brent and WTI prices over the last 6 months has been the major oil prod... Wednesday, January 14, 2015

Baker Hughes announces December 2014 rig count and fourth quarter 2014 well count

December 2014 rig counts Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for December 2014 was 1,313, down 11 from the 1,324 counted in November 2014, and down 22 from the 1,335 counted in December 2013. The international offshore rig count for December 2014 w... Friday, January 9, 2015

Turbulent times call for insulated investments

Turbulence and volatility are in Steven Salz's forecast for the energy market. The special situations analyst at M Partners tells The Energy Report that falling oil prices are hurting oil field services companies in different measures depending on their specialties, but that all are taking hits.... Friday, December 19, 2014

Oil price, IGas, Sundry-Shell- And finally...

Oil price Friday was another down day for a couple of reasons, economic commentators are now panicking about something different, viz is lower world economic growth the reason for the fall in the oil price. Well, its part of that funny old supply and demand equation that some of you must have been ... Monday, December 15, 2014

Drilling Waste Management Market worth $8.5 billion by 2019

Drilling Waste Management Market services market is estimated to grow from $5.3 billion in 2014 to $8.5 billion by 2019, at an approximate CAGR of 11% from 2014 to 2019. The constant increase in the demand for energy has put an apparent pressure on the oil & gas industry to increase the production.... Monday, December 15, 2014

Oil price, Bowleven, Range Resources, Sundry-Halliburton/BH-Ophir- And finally...

Oil price The oil market fell yesterday on the news that I mentioned about Saudi pricing for January liftings, the interesting thing about about it was that it only fell less than a dollar, indicating that the market has already adopted a tolerance to such news. Reuters is reporting this morning th... Friday, December 5, 2014

Baker Hughes announces November 2014 rig counts

Baker Hughes Incorporated (NYSE: BHI) announce that the international rig count for November 2014 was 1,324, up 16 from the 1,308 counted in October 2014, and up 13 from the 1,311 counted in November 2013. The international offshore rig count for November 2014 was 341, up 15 from the 326 counted in ... Friday, December 5, 2014

Micro-Cap E&Ps with less risky businesses

Many small-cap exploration and production companies have had a good run in recent years, but are now getting whacked given their strong connections to oil prices. But the news is not all bad: Philip Juskowicz of Casimir Capital makes a good case for certain micro-cap names. In this exclusive intervi... Friday, December 5, 2014

Halliburton announces integration leadership for Baker Hughes acquisition

Halliburton Company (NYSE:HAL) announce its Board of Directors has appointed Executive Vice President and Chief Financial Officer Mark McCollum to the new role of Executive Vice President and Chief Integration Officer. In this capacity, he will serve as head of the Joint Integration Team that Hallib... Friday, December 5, 2014

New Frontiers: Tapping Mexico's Gulf of Mexico oil reserves

The opening of Mexico’s oil industry will give a company, or several companies, an opportunity to develop reserves in the Gulf of Mexico that aren’t on the US side of the border. It’s been a frustrating task so far but the possibilities are significant, as Robert Perkins reviews in... Monday, December 1, 2014
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