Baker Hughes

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Independent Oil and Gas announces seismic remapping underway in Southern North Sea

Independent Oil and Gas plc, (AIM:IOG.L), the North Sea focused oil and gas company, is pleased to announce that is has commenced the 3D seismic remapping project over its Southern North Sea gas portfolio on a phased basis, with the first results expected by the end of May. IOG has decided to compl... Tuesday, May 12, 2015

Baker Hughes announces April 2015 rig counts

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2015 was 1,202, down 49 from the 1,251 counted in March 2015, and down 147 from the 1,349 counted in April 2014. The international offshore rig count for April 2015 was 300, down 16 from the 316 counted i... Thursday, May 7, 2015

The Big Opportunity in US Energy Right Now - and Why

Logistics are a bigger piece of the energy pie than ever before—especially rail. Most energy investors are familiar now with the huge rise in crude-by-rail; getting Canadian and Bakken crude to the east and west coast refineries in the United States. It saved the profit margins for many oil p... Wednesday, April 29, 2015

How did that prediction work out, Nostradamus?

They say never make predictions, especially about the future; and by 'they' I mean just about everyone, the quote is variously attributed to Yogi Berra, Albert Einstein and Dan Qualye, amongst others. Foolishly I ignored that advice and I did make a prediction, but I did have a little edge, I paid ... Thursday, April 23, 2015


Baker Hughes announces first quarter results

Baker Hughes Incorporated (NYSE: BHI) announced today results for the first quarter of 2015. Highlights: 20% decline in revenue compared to the first quarter of 2014 attributed to unfavorable market conditions. GAAP net loss per diluted share of $1.35 for the quarter includes $557 million, or $1.28... Tuesday, April 21, 2015

Quantifying the oversupply of US natural gas

This time a year ago, the United States produced about 66 Bcf/d of natural gas and the national average price of next-day delivered natural gas was $4.59/MMBtu. Today, the US is producing roughly 72 Bcf/d of natural gas and the average national price of next-day delivered gas, as of April 13, was $2... Monday, April 20, 2015

Oil price, Petrofac, Halliburton, Kurdistan/Genel, Victoria Oil & Gas, And finally...

Oil price The oil price ended the week up, resuming the positive trend and keeping the bulls happy. Whilst I wouldnt want to rain on anyone's parade I feel that there will be some testing of the lower levels in the next few months. In the meantime the signs are quite positive, as I mentioned last w... Monday, April 20, 2015

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
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