BAKER HUGHES INTEQ
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.
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
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
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 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, 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
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
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 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 & 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
Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king, Salman, who took the throne on Friday morning after the death of his brother Abdullah
As part of the Lockheed Martin Canada prime contract for the Frigate Systems Upgrade project, a contract has been awarded to Kelvin Hughes to supply SharpEye radars and with an Agile Tracker to the New Zealand (NZ) Ministry of Defense.
The number of U.S. oil and gas rigs declined by 48 last week, according to data released today by Baker Hughes, which shows the number of U.S. rigs is now down to 1,310, a decrease of 461 from a year ago and the lowest since January 2010.
Brent premium over U.S. crude widens to $12; China's implied oil demand set to grow 3 percent this year. Crude oil futures rebounded on Friday and Brent headed for its first monthly gain since July, helped by strong investor inflows, an improving demand outlook and supply outages.
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
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
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
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
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
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
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
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 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
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
Ingalls Shipbuilding donates more than $102,000 in STEM grants to Gulf Coast schools Huntington Ingalls Industries’ Ingalls Shipbuilding division has awarded more than $102,000 in grants for 28 projects at schools and educational organizations in Mississippi and Alabama