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BAKER HUGHES INTEQ

Baker Hughes Rig Count Down 7

The number of rigs searching for oil and natural gas in the United States fell by seven to 1,225 during the week ending May 18, according to oil services firm Baker Hughes. Last year the number of U.S. rigs was 841, Baker Hughes said. Meanwhile, the number of rigs exploring for oil and gas in Canada gained 24, compared to 182 last year. The number of rigs in the U.S. Gulf of Mexico fell by four to 160, compared to 135 a year ago.


'Blue Orca' Active in North Sea Well Stimulation

Similar well-stimulation vessel: Photo credit Baker Hughes

Maersk Oil has contracted with well-stimulation vessel owner Baker Hughes for the charter of the 'Blue Orca', currently busy in restoring safe and efficient production to ageing North Sea wells. The Blue Orca incorporates state-of-the-art stimulation technology and unsurpassed treatment capabilities to reduce risk, rig time, and nonproductive time (NPT) while enhancing production and profits. The vessel is specially engineered for North Sea conditions


North American Rig Count Up

The number of rigs exploring for oil and natural gas in North America rose by 23 during the week ending October 20, because of a gain of 14 in Canada and helped by an increase of nine in the United States, according to oil services firm Baker Hughes Inc. The number of rigs operating in the United States rose by nine to 1054 compared to 750 a year ago, while the number of rigs in Canada rose by 14 to 352, compared with last year's 292, according to Baker Hughes. In the U.S


Baker Hughes Name New Corporate Treasurer

Mike Sumruld has been named Vice President and Treasurer of the giant oil-field services provider. "Mike brings more than 20 years of diversified financial expertise, international experience and a record of solid performance within Baker Hughes to his new role as Treasurer," said Peter Ragauss, Baker Hughes Senior Vice President and Chief Financial Officer. "We believe this depth of experience will enable him to interact very effectively with our external stakeholders


Bordelon Marine Awarded Multiple PSV Contract

MV Connor Bordelon

Bordelon Marine has been contracted by Baker Hughes to utilize the first of three 'Stingray'-class 'MV Connor Bordelon' as a well stimulation vessel. The second and third vessels of this class are currently under construction at Bordelon Marine Shipbuilders in Houma, LA. with delivery dates in Q2 2014 and Q1 2015 respectively. Stingray series 260 Class vessels are 257’ x 52’x 18’ DP-2 with a clear deck of 185’ x 44’ (8,140 sqft) and a top speed of 14 knots


Deep Casing Tools Continues Global Growth

Lance Davis

Deep Casing Tools, which has an innovative range of tools designed to land casing and completions at target depth within oil or gas wells, has appointed Jason Henry and Magnus Wardle as Vice-Presidents of Business Development and Technology respectively, further strengthening the global team. Jason has extensive experience in the oil and gas industry, originally joining Baker Hughes in 1986 with operational and project management roles in Europe


New Managing Director at Kelvin Hughes

Kelvin Hughes has appointed Ron Nailer as the new managing director of Kelvin Hughes Ltd., succeeding Dr. Martin Jones, who has returned to the parent company - Smiths Group Plc head office - to pursue his responsibilities as director of Technology and Innovation of Smiths' Industrial Group. Nailer leaves his current post as divisional managing director for the Dowty aviation support and electronics distribution companies, which Smiths acquired via its merger with TI last year


Indo-China Ship Management Purchases Kelvin Hughes Radars

The Indo-China Ship Management Company Ltd. has purchased Kelvin Hughes Nucleus3 radars for the retrofit of two ships. The Indo-China Ship Management Company is overseeing the retrofit of a product tanker in Dalian, China with a Kelvin Hughes Nucleus3 6000 radar. The company has also retrofitted a cargo vessel in Cammell Laird Shipyard in Gibraltar with Kelvin Hughes Nucleus3 5000 radar. Both ships were retrofitted with the Kelvin Hughes radars in dry dock.


Statoil Awards Drilling Services Contracts

Statoil has extended its contracts with Schlumberger Norge AS and Baker Hughes Norge AS for integrated drilling services. The extensions are valid for two years from the autumn of 2010. The contracts include delivery of directional drilling, measurement while drilling (MWD) and mud logging services for a total of 25 licenses on the Norwegian continental shelf (NCS). The total value is estimated at around $0.41b per year.


Baker Lyman Taps TBS for RCP-TSMS Transition Plan

Baker Lyman logo.JPG

Baker, Lyman & Co. announced the appointment of Tug & Barge Solutions, LLC (TBS) as the lead implementation manager for Baker Lyman’s signature “RCP-TSMS Model Transition Plan”. The USCG’s proposed Towing Safety Management System (TSMS) has received much industry attention since the release of the Sub-Chapter M Notice of Proposed Rulemaking in August, 2011. Baker Lyman’s “RCP-TSMS Model Transition Plan” allows current AWO RCP companies to


Merger Talks Feed Energy Sector Deal Speculation

Employees work in a lab at the Halliburton Co. facility in Houston.

  Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell


Halliburton Seeks to Replace Baker Hughes Board

Baker Hughes Incorporated today announced receipt of notice from Halliburton Company that it intends to nominate candidates to replace the entire board of directors of Baker Hughes at its Apr. 2015 annual meeting. The nominations followed discussions between the parties regarding a potential


Halliburton & Baker Hughes Merger

Two giants merge

  Halliburton Company and Baker Hughes Incorporated  today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78


US Sets Import Duties on Containers from China

Photo courtesy of the Port of Los Angeles

The U.S. Commerce Department on Thursday set duties on imports of rail and road transport containers from China after finding the goods were sold below cost in the United States. Under the department's preliminary decision, 53-foot domestic dry containers will face anti-dumping duties of up to


Expanded Kelvin Hughes Product Range on Display

Stand Picture 9 Sept.jpg

Kelvin Hughes is launching and demonstrating a host of new products and services at SMM 2014, including a port security radar system, specialist mission radome radar and displays, Voyage Data Recorders and the latest version of ChartCo PassageManager software.


ChartCo Acquires Regs4ships

Maritime digital data services company ChartCo acquired Regs4ships, the supplier of digital regulatory information, consultancy and training. ChartCo, part of the Kelvin Hughes Group, created a range of digital services in 1998 in anticipation of the move from paper to digital charts and


Baker Hughes Names Kimberly Ross as CFO

Kimberly A. Ross

  Baker Hughes Incorporated has today announced appointment of Kimberly A. Ross, as Senior Vice President and Chief Financial Officer (CFO) effective October 22, 2014. Ross currently serves as Executive Vice President and CFO of Avon Products, Inc


Kelvin Hughes Debuts Port Security Products

Image courtesy of Kelvin Hughes

Kelvin Hughes is displaying its new combined camera and radar Single Mast Solution (SMS) at SMM 2014 in Hamburg from September 9-12. The company is also demonstrating the associated CxEye display software which provides intuitive command and control for the system.


Maersk Convincer gets 1 yr More

Maersk Convincer

Petronas Carigali, the Exploration and Production subsidiary of the national oil company in Malaysia, has extended the contract for the jack-up rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015


US Sets Import Duties on Chinese Containers

The U.S. Commerce Department on Tuesday set duties on imports of rail and road transport containers from China after finding the goods were produced using unfair government subsidies. Under Commerce's preliminary decision, 53-foot domestic dry containers


Fire Aboard Alaska Natural Gas Platform

The U.S. Coast Guard launched several assets in response to a report of a fire on board a natural gas drill platform in Cook Inlet Thursday. The Coast Guard diverted a Coast Guard Hercules HC-130 crew and an MH-60 Jayhawk helicopter crew to conduct an overflight of the Baker Platform in Cook


US Confirms Duties on China's Refrigerant Imports

The U.S. Department of Commerce confirmed steep duties on imports of refrigerant gas from China on Wednesday, saying the goods were sold too cheaply in the United States and were produced using Chinese government subsidies. Final duties on the gas known as 1,1,1,2-tetrafluoroethane


North P&I Club Advises Inclusion of Ebola-Specific Clauses

Charterparties Should Include Ebola Specific Clauses

  The 180 million GT, ‘A' rated North P&I Club is advising shipowner Members to take great care to protect the health of their crew members when calling at ebola-affected ports in west Africa. In the latest issue of its loss prevention newsletter Signals


U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive, data showed on Friday. The number of rigs drilling for oil fell by 13 to 1,582 in the latest week


Hedge Funds' Big Bets on Energy Companies Pummeled

Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller






 
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