Baker Hughes

Baker Hughes Announces July 2006 Rig Counts

Baker Hughes Incorporated announced that the international rig count for July 2006 was 921, up 15 from the 906 counted in June 2006, and up 10 from the 911 counted in July 2005. The international offshore rig count for July 2006 was 269, up for from the 265 counted in June 2006 and down nine from the 278 counted in July 2005. The US rig count for July 2006 was 1,681 up 16 from the 1,665 counted in June 2006 and up 283 from the 1,398 counted in July 2005. The Canadian rig count for July 2006 was 553, up 145 from the 408 counted in June 2006 and up 103 from the 450 counted in July 2005. The worldwide rig count for July 2006 was 3,155, up 176 from the 2,979 counted in June 2006 and up 396 from the 2,759 counted in July 2005.

Icota Europe Appoints New Chairman and Co-Chairman

The Intervention & Coiled Tubing Association (ICOTA) European Chapter has appointed a new chairman and co-chairman. Former co-chair Callum Munro will take the helm as chairman of the organization, while fellow committee member Michael Taggart has been appointed as the new co-chairman. Munro, a senior well engineer at BP, is responsible for identifying and implementing new well intervention technologies within the company

Rig Count Continues to Rise

Baker Hughes Inc.'s international rig count for December 2000 was 705, up five from the 700 counted in November 2000 and up 131 from the 574 counted in December 1999. The international offshore rig count for December 2000 was 201, up 5 from the 196 counted in November 2000 and up 42 from the 159 counted in December 1999. The U.S. rig count for December 2000 was 1,097 up 30 from the 1,067 counted in November 2000 and up 299 from the 798 counted in December 1999

Offshore Rig Use Up

Worldwide offshore rig utilization climbed slightly the week ending March 9, according to ODS-Petrodata Group. Global rig utilization climbed 0.1 percent to 87.4percent, due to a one-rig net increase in contracted rigs, ODS reported. U.S. Gulf rig utilization was unchanged at 88.2 percent, with 186 out of the region's 211 mobile offshore rigs under contract. European offshore rig utilization decreased by 0.1 percent to 92

ENSCO Announces 2Q Earnings

ENSCO International Inc. reported a net loss for the three months ended June 30, 1999 of $9.8 million on revenues of $79.4 million, compared to net income of $80.6 million on revenues of $234 million for the three months ended June 30, 1998. ENSCO's net income for the first six months of 1999 was $10.2 million on revenues of $207.1 million, compared to net income of $167.8 million on revenues of $480.4 million for the prior year period.

Kelvin Hughes Announce Saab AIS Deal

Kelvin Hughes is now able to supply both Automatic Information Systems (AIS) and Voyage Data Recorders (VDR), as part of its fully compliant integrated bridge systems (IBS). Saab Transponder Tech, following an original equipment manufacture (OEM) agreement between Saab and Kelvin Hughes, will supply the AIS. AIS systems are being made compulsory as part of the changes to SOLAS V, which go into effect in July 2002. The systems are designed to work in tandem with a ship’s radar system to

ECI Acquires Kelvin Hughes

ECI Partners LLP (“ECI”), the UK mid-market buyout specialist, has acquired Kelvin Hughes in a $109.3m transaction out of Smiths Group plc, the UK listed technology company. Kelvin Hughes is a leading supplier of navigation products and services for the Naval and Commercial marine sectors. The purchase price comprises $100.9m which was paid in cash on completion of the purchase and a deferred payment of up to $8.4m depending on certain conditions being satisfied

PPL Shipyard Wins $134M Rig Contract

PPL Shipyard, a subsidiary of SembCorp Marine signed a rig building contract worth $133.7 million with PT Apexindo Pratama Duta Tbk (.Apexindo.), the largest Indonesian oil & gas drilling company for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack Up Rig The Baker Marine Pacific Class (.BMC Pacific.) 375 Deep Drilling Offshore Jack Up Rig is a proprietary design developed by Baker Marine Pte Ltd, a

Dane Joins Kelvin Hughes

Kelvin Hughes, part of Smith Marine Systems, has enhanced its international team by recruiting Peter Devantier, a Dane, as the Sales and Marketing Manager for its Commercial Business. Peter brings to Kelvin Hughes a wealth of experience gained while working for more than 20 years within the marine industry primarily involved with navigation equipment and bridge systems. For the last 5 years he was responsible for the European Operations of the Marine Division of Lieca.

Kelvin Hughes Bridge Chosen for Queen Mary 2

Kelvin Hughes has earned its way onboard the most prestigious current cruise ship newbuild project. Cunard selected Kelvin Hughes' fully integrated bridge system is to be installed on board its eagerly anticipated new flagship, Queen Mary 2. At over 1,132 ft. (345 m) long, Queen Mary 2 will be the largest passenger liner ever constructed. Construction is due to commence in January at the Alstom-owned yard, Chantiers de l'Atlantique in Saint Nazaire, France