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Baker Hughes

Baker Hughes' CEO to Present at 2014 Barclays Energy-Power Conference

Baker Hughess Chairman and Chief Executive Officer, Martin Craighead,

  Baker Hughes Incorporated announced that the Company's Chairman and Chief Executive Officer, Martin Craighead, will be making a presentation at the Barclays CEO Energy-Power Conference on Wednesday, September 3, 2014, at 9:45 a.m. Eastern time.  Those interested can listen to the presentation and view the presentation materials during the conference, by logging onto the "Events & Presentations" page on our website at: www.bakerhughes.com/investor. They could also listen to a replay, it will be available within 24 hours of the live presentation and will remain available through September 17, 2014. One may use the same website address above to access the replay. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 59,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes, visit: www.bakerhughes.com.


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


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


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


US Weekly Oil Rig Count Decline Slows

The fall in the U.S. oil rig count slowed this week, data showed on Friday, suggesting the collapse in drilling may be coming to an end as prices recover after falling 60 percent from June to March.   The oil rig count fell by 24 this week to 679 active rigs, the smallest drop since early April, after the loss of 31 and 26 rigs in the prior two weeks, oil services firm Baker Hughes Inc said in its closely-watched report.  


US Oil Drillers Cut Rigs for 6th Week

U.S. energy firms cut oil rigs for the sixth straight week, data showed on Friday, and were expected to shed more in coming weeks with three major U.S. shale oil companies slashing their spending plans after crude prices hit 12-year lows.   Drillers removed 12 oil rigs in the week ended Jan. 29, bringing the rig count down to 498, the least since March 2010, oil services company Baker Hughes Inc said in its closely followed report.  


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.


Forum to Focus on Sand Management

spe.jpg

Energy industry professionals will gather in Aberdeen this spring for the sixth European Sand Management Forum. The conference and exhibition, organized by the Society of Petroleum Engineers (SPE) Aberdeen Section and the Sand Management Network, will take place at the Aberdeen Exhibition and Conference Center between March 26-27, 2014. The forum will focus on the importance of sand management within the oil and gas industry


Murray Selected to Lead ICoTA

Kelly Murray and Andrew Louden (Photo courtesy ICoTA)

Oil and gas industry body, the Intervention & Coiled Tubing Association (ICoTA) European Chapter, has appointed Former vice-chair Kelly Murray as the new chair and vice-chair. Murray will be the first women to take the helm as chair of the organization in the chapter’s 20-year history, while fellow committee member Andrew Louden has been appointed as the new vice-chair. Murray becomes chair after spending five years as an ICoTA committee member where she has played a pivotal role


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. 16, bringing the total rig count down to 595, the least since July 2010. Over the prior six weeks, drillers had cut 70 rigs, oil services company Baker Hughes Inc said in its closely followed report.  


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


Baker Hughes: Rig Counts Continue to Fall

 Baker Hughes  announced that the international rig count for December 2015 was 1,095, down 14 from the 1,109 counted in November 2015, and down 218 from the 1,313 counted in December 2014. The international offshore rig count for December 2015 was 250


US Oil Rig Count Lowest Since 2010

The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling, data showed on Friday.   Drillers removed 20 oil rigs in the week ended Jan


U.S. Drillers Cut Rigs to Lowest Number in Almost 6 Years

U.S. energy firms this week continued to cut the number of rigs drilling for oil to the lowest in nearly six years, data showed on Friday, suggesting drillers were preserving cash as they evaluate spending plans as crude prices hover near 12-year lows.


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


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


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


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 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


US Oil Rigs Cut for 13th Week in 14

U.S. energy firms this week cut oil rigs for the 13th week in the last 14, data showed on Friday, a sign drillers were still waiting for higher prices before returning to the well pad.   On Friday, OPEC decided to keep production near record highs despite depressed prices


Baker Hughes Deal Likely to Close in 2016 -Halliburton Exec

Oilfield services company Halliburton's proposed $35 billion acquisition of rival Baker Hughes Inc will likely close in 2016 instead of this year as talks with U.S. regulators continue, a Halliburton executive said on Wednesday.   The companies have already agreed to divest $5


US Oil Drillers Cut Rigs for 14th Week in 15

U.S. energy firms this week cut oil rigs for a 14th week in the last 15, data showed on Friday, a sign drillers were still waiting for higher prices before returning to the well pad.   Drillers removed 21 oil rigs in the week ended Dec


LNG Containership Perla Del Caribe Fuels Up

Image: General Dynamics NASSCO

On December 11, General Dynamics NASSCO completed bunkering of liquefied natural gas (LNG) for the Perla Del Caribe, the world’s second containership to be powered by LNG.   Bunkering services were provided by the California-based company Clean Energy as well as Baker Hughes and


US Oil Drillers Add Rigs for First Week in Five

U.S. energy firms this week added oil rigs for the first time in the last five weeks, data showed on Friday, despite continued weak crude prices.   Drillers added 17 oil rigs in the week ended Dec. 18, bringing the total rig count up to 541


U.S. Crude Up on Supply, Export Variables

U.S. crude prices up 9 pct this week; at slight premium over Brent for most of day. U.S. crude prices rose for a fourth straight session on Thursday, headed for a 9 percent weekly gain in the lead-up to Christmas as the market tightened on the back of falling supplies and looming exports.






 
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