Baker Hughes

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Baker Hughes announces suspension of the well count

Baker Hughes Incorporated (NYSE:BHI) announced today that effective immediately it has suspended the quarterly publication of the U.S. onshore well count. In response to the recent market downturn and internal initiatives to reduce costs, the company has prioritized its resources to support the ongo... Friday, April 10, 2015

Top 12 Media Myths On Oil Prices

The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There's a constantly evolving learning curve. And then there's all the regulations and compliance. But all-in-all it's pretty str... Thursday, April 9, 2015

Baker Hughes announces March 2015 rig counts

Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for March 2015 was 1,251, down 24 from the 1,275 counted in February 2015, and down 94 from the 1,345 counted in March 2014. The international offshore rig count for March 2015 was 316, down 8 from the 324 counted... Wednesday, April 8, 2015

Halliburton to separately sell businesses in connection with pending Baker Hughes acquisition

Halliburton Company (NYSE: HAL) today announced it will separately market for sale the company's Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling (LWD)/Measurement-While-Drilling (MWD) businesses. The final sale of these businesses will not be completed until ... Wednesday, April 8, 2015

How will the top 10 oilfield service companies be affected by the large E&P spending cuts in 2015?

E&P companies have increased their spending on oilfield services over the recent years with a record level just shy of USD 1 trillion in 2014. New field developments have been crucial to the growth in spending, but also increased exploration efforts and operational expenses have played an important ... Wednesday, April 1, 2015

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
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