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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.


GE to Merge Oil & Gas Unit with Baker Hughes

Photo: GE

General Electric Co said on Monday it would merge its oil and gas business with Baker Hughes Inc, creating the world's second-largest oilfield services provider as competition heats up to supply more-efficient products and services to the energy industry after several years of low crude prices.   The deal to create a company with $32 billion in annual revenue will combine GE's strengths in making equipment long-prized by oil producers with Baker Hughes's expertise in drilling and


Halliburton, Baker Hughes Extend DoJ Review Date for Deal

Halliburton, Baker Hughes

  Halliburton Co and Baker Hughes Inc have agreed with the U.S. Department of Justice to extend the date of the department's review of Halliburton's acquisition of Baker Hughes, a deal that would create an oilfield services behemoth. Halliburton has also proposed to "divest additional businesses of the companies" to get regulatory nod for the deal globally, the companies said on Friday. Several big deals, including Comcast Corp's $45 billion offer for Time Warner Cable Inc


'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


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


US Oil Drillers Cut Rigs for a 6th Week in 7

U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad.   Drillers removed 2 oil rigs in the week ended Dec. 31, bringing the total rig count down to 536, oil services company Baker Hughes Inc said in its closely followed report.   That decrease brought the total rig count down to about a third of the roughly 1,500 oil rigs operating a year ago


Baker Hughes helping IOG develop North Sea resource base

Mapping the Arctic Ocean continental shelf Photo Baker Hughes

  Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand resource potential for its Blythe and Cronx/Elgood projects in the Southern North Sea (SNS), with an expected delivery date of late July 2015. “We are pleased to strengthen our relationship with RDS as the initial results from the seismic remapping work are positive,” said Mark Routh


US Oil Drillers Cut Rigs to Nov 2009 Lows

U.S. energy firms cut oil rigs for a third week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said Friday, as energy firms keep slashing spending despite crude futures prices jumping roughly 50 percent  since hitting a near 13-year low in February.   Drillers cut 8 oil rigs in the week to April 8, bringing the total rig count down to 354, Baker Hughes said in its closely followed report.  


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


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


US Rig Count Recovers to Near Year-ago Levels

© Georg Lehnerer / Adobe Stock

The U.S. oil rig count ended 2016 just below year-ago levels as drillers added rigs this week as part of the biggest recovery since a global oil glut crushed the market over two years.   Drillers added two oil rigs in the week to Dec. 30, bringing the total count up to 525


US Drillers Add Oil Rigs for 8th Week in a Row -Baker Hughes

U.S. energy companies added oil rigs for an eighth week in a row, extending a seven-month drilling recovery as crude prices remained near a 17-month high.   Drillers added 13 oil rigs in the week to Dec. 23, bringing the total count up to 523, the most since December 2015


US Drillers Add Oil Rigs for 7th Week in a Row

U.S. energy companies this week added oil rigs for a seventh week in a row, extending a seven-month drilling recovery as crude prices held near a 17-month high.   Drillers added 12 oil rigs in the week to Dec. 16, bringing the total count to 510, the highest since January


US Drillers Add the Most Oil Rigs Since July 2015

© Georg Lehnerer / Adobe Stock

U.S. energy companies this week added the most oil rigs since July 2015, extending the seven-month drilling recovery as crude prices rose to a near 17-month high.   Drillers added 21 oil rigs in the week to Dec. 9, bringing the total count up to 498, the most since January


US Drillers Continue to Add Oil Rigs -Baker Hughes

U.S. oil drillers increased rigs this week for a 21th week in the last 24, as energy firms follow through on plans to add rigs made months ago when crude was still trading over the key $50 a barrel level analysts said should lead to more drilling.  


US Drillers Extend Rig Recovery

The number of rigs drilling for oil in the United States rose again this week, extending its second-best streak of no cuts into a 17th straight week, with analysts expecting more additions as crude prices hold over $50 a barrel.   Drillers added 11 oil rigs in the week to Oct


US Rig Count Recovery Hinges on $50 Oil Post-OPEC Meeting

U.S. oil drilling has seen its best quarter since crude prices tumbled two years ago mainly due to small operators returning to the well pad, but analysts say the continued recovery in the rig count depends on whether OPEC's output reduction plan can bring the market back to $50 a barrel.  


US Oil Drillers Add Rigs for 11th Week in 12

U.S. drillers this week added oil rigs for an 11th week in the past 12, according to a closely followed report on Friday, although the rate of increases has slowed as crude prices remain below the key $50 a barrel level that spurs a return to the well pad.  


‘A Step Forward in Submarine Radar Technology’

Photo: Kelvin Hughes

Kelvin Hughes, a U.K. baesd designer and supplier of navigation and security surveillance systems, announced that it can now bring all the benefits of its SharpEye radar technology to submarines.   Traditionally, submarines only use radar for navigation in and out of port because a high


New Commercial Shipping Radar from Kelvin Hughes

Photo courtesy of Kelvin Hughes

Kelvin Hughes has announced the launch of a new range of radar systems for commercial shipping based on its innovative, solid-state SharpEye technology.   Kelvin Hughes has been supplying IMO type-approved radar to merchant ships, fishing boats and workboats since the 1940s


MN100: Baker, Lyman & Co., Inc.

Corinne Titus (Photo: Baker, Lyman & Co., Inc.)

The Company: A wheelhouse favorite for generations, Baker, Lyman & Co. is the oldest NOAA & Admiralty Chart Agent in the United States. Baker Lyman has been provisioning vessels with nautical charts, electronic charting systems, publications, safety/educational materials


US Oil Drillers Add Rigs for 8th Week in Row

U.S. drillers this week added oil rigs for an eighth consecutive week, the longest recovery streak in the rig count in over two years, as crude prices rebounded toward the key $50-a-barrel mark that makes the return to the well pad viable.  


Kelvin Hughes bags Marseille VTS Radar Contract

Kelvin Hughes SBS Radar Marseille Fos (Photo: Kelvin Hughes)

Kelvin Hughes has been awarded the contract for the second phase of a radar system installation by the Port of Marseille Fos in Southern France.   The Enfield-based company supplied five SBS-700 radar systems earlier this year that were integrated with the port's Vessel Traffic Management


US Oil Drillers Add Rigs for 7th Week in a Row

U.S. drillers this week added oil rigs for a seventh consecutive week, according to a closely followed report on Friday, even as analysts revise down rig count growth forecasts and energy firms become more cautious the longer crude holds below $50 a barrel.  


Ince to Advise Danaos on HMM Restructuring

Photo: Danaos Corporation

 Ince & Co’s London and Piraeus corporate, finance and shipping teams have advised long-standing client Danaos Corporation on Korean container line Hyundai Merchant Marine Co. (HMM), Ltd.’s US$2.1 billion restructuring.  






 
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