Baker Hughes

Latest Baker Hughes News

• Recently in U.S. Land, Baker Hughes deployed an 11-stage Frac-Point system with 22 newly developed multiport sleeves with DirectConnect ports.
• In Brazil, Baker Hughes completed drilling the first horizontal well in the pre-salt reservoir in the Lula field in the offshore Santos basin.
• Baker Hughes continues to be a leader in the HP/HT Wireline market in the North Sea.
• In Australia, Baker Hughes was awarded a three-year liner hanger and wireline contract to service wells offshore Western Australia in the harsh-environment deepwater area.

• Operating profit before tax(1) for the first quarter of 2012 is expected to be lower than the fourth quarter of 2011.

• Engineering work on the marine and stimulation systems has already begun.
• The Blue Orca will join Baker Hughes' other stimulation vessels.

• Former co-chair Callum Munro will take the helm as chairman of the organisation, while fellow committee member Michael Taggart has been appointed as the new co-chairman.

• The U.S. oil rig count rose to a new record last week as energy companies including First Titan Corp. boosted exploration to take advantage of crude prices topping $100 a barrel.

• The international offshore rig count for February 2012 was 320, up 13 from the 307 counted in January 2012 and up 11 from the 309 counted in February 2011.

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