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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.

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

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

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

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

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

American Club Announces 2.5% Increase

Joe Hughes (Photo: American Club)

At its meeting in New York on November 20, the American Club’s board resolved to levy a general premium increase of 2.5 percent for P&I cover, but no increase in the cost of FD and D for the 2016 policy year. The club’s board also reviewed release call requirements for open policy

US Oil Drillers Add Rigs for First Week in 11

U.S. energy firms this week added oil rigs for the first week in 11, data showed on Friday, despite continued weak crude prices.   Drillers added 2 oil rigs in the week ended Nov. 13, bringing the total rig count up to 574, oil services company Baker Hughes Inc said in its closely followed

Gulf Navigation Posts 123pct Profit Growth

Photo: Gulf Navigation Holding

 Dubai-based Gulf Navigation Holding (Gulfnav), a leading maritime and shipping company, has reported a substantial 123 per cent profit growth at the end of the third quarter of 2015 compared to the same period the previous year.  

US Oil Drillers Cut Rigs for 7th Week

U.S. energy firms cut oil rigs this week for a seventh week in a row, the longest streak of reductions since June, data showed on Friday, a sign low prices continued to keep drillers away from the well pad.   Drillers removed 10 oil rigs in the week ended Oct

US Oil Drillers Cut Rigs for Third Week on Weak Crude Prices

U.S. energy firms cut oil rigs for a third week in a row this week, data showed on Friday, a sign the latest crude price weakness was causing drillers to put on hold plans announced several months ago to return to the well pad.   Drillers removed 8 rigs in the week ended Sept

US Oil Drillers Cut Rigs as Crude Prices Collapse

U.S. energy firms cut a surprisingly sharp 13 oil rigs this week, the first drop in seven weeks, as a renewed slump in prices this summer forced drillers to make a second round of cut-backs.   The decline erases weeks of small gains and brings the total to the week ending Sept

Former CIA Spy Ship Becomes Victim of Oil Slump

U.S. Government Photo

A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices.   Christened the Hughes Glomar Explorer, after billionaire Howard Hughes was brought in on the CIA's deception

MN 100: Baker Marine Solutions, LLC

Baker 1.jpg

The Company: Baker Marine Solutions (BMS) is an industry leader providing marine assurance and consulting services, performing DP assurance, OCIMF- OVID inspections, IMCA CMID inspections, and marine warranty surveys as well as on board marine representation

MN 100: Baker, Lyman & Co., Inc.

President/CEO: Corinne Titus

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

US Drillers Add Rigs for 5th Week in a Row

U.S. energy firms added two oil rigs this week, the fifth week of increases in a row, after U.S. crude prices have fallen about a third from recent highs, data showed on Friday, a sign drillers remain undeterred by low prices.   Reflecting plans announced in May and June, when U.S

Port of Vitória Orders Hi-res Radars

Photo: Kelvin Hughes

Navigation and security surveillance systems company Kelvin Hughes announced it has been contracted to supply two of its SBS-900-2 SharpEye radar systems for the Porto de Vitória in Brazil. The equipment will be provided through Spain’s Indra.  

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June, data showed on Friday. That was a sign some drillers followed through on plans to add rigs announced in May and

Halliburton Seen Facing Antitrust Issues on Baker Hughes Deal

Oilfield services provider Halliburton Co's acquisition of smaller rival Baker Hughes Inc is facing resistance from U.S. regulators who are concerned that the deal could hurt competition, Bloomberg reported.   Justice Department lawyers reviewing the proposed $35 billion deal are worried

Aker Solutions Revenue Steady


Sales NOK 8 billion in 2Q 2015 vs NOK 8.1 billion in 2Q 2014 Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 547 million vs NOK 608 million a year earlier EBITDA margin 6.8% vs 7.5% a year earlier EBITDA margin ex. one-off items 7.6% vs 7.5% a year earlier

Inmarsat Type Approval for 9502 BGAN M2M Terminal


  Inmarsat said that that it has expanded its Machine-to-Machine (M2M) portfolio by type approving the Hughes 9450-C11 terminal, the first mobile BGAN M2M-enabled terminal.   It means that BGAN M2M — Inmarsat’s global, IP-based

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