GE to Merge Oil & Gas Unit with Baker Hughes
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…
US Oil Drillers Add Rigs for 5th Week in a Row
U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast doubts on a substantial recovery in drilling this year with…
Baker Hughes Disappoints on Weaker Drilling Volume
Baker Hughes Inc reported a bigger-than-expected quarterly loss, hurt by lower drilling activity and pricing, and the oilfield services provider said it did not expect North America activity to increase substantially this year.
U.S. Energy CEOs Ready to Drill as Oil Rebounds
After cutting spending and staff levels to the bone, U.S. oil executives say they are getting ready for new drilling projects as a 50 percent increase in crude prices since February leads them to believe the worst of the downturn may be over.
Baker Hughes: US Rig Count May Stabilize in 2016
Oilfield services provider Baker Hughes Inc said on Wednesday that U.S. rig count will likely stabilize in the second half of the year after falling in the current quarter. The company, which also reported a bigger quarterly loss…
Baker Hughes: 2016 Rig Count Could Fall 30 pct
Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expected global rig count to decline by as much as 30 percent in 2016, as the slump in oil prices shows no signs of abating.
Big U.S. Shale Savings Waning Fast
Huge cost savings are waning for U.S. shale oil companies, marking an end to the drastic price cuts on equipment and services over the past 16 months that helped them survive the worst industry downturn in six years.
Baker Hughes: No Respite From 'Unfavorable Market Conditions'
Oilfield services provider Baker Hughes Inc, which is being acquired by larger rival Halliburton Inc, said it expects unfavorable market conditions to persist for the rest of the year. The forecast comes days after industry…
U.S. Drilling Firms Impacted by Price Slump
Oil drilling in the United States will continue to fall in the first half of this year, and could even halve, according to major oil service companies looking to past slowdowns as a guide. Baker Hughes Inc and Halliburton Co, two of the largest U.S.
Halliburton, Baker Hughes See Tough 2015
Baker Hughes says falling rig count to affect 2015 results; Halliburton adjusted profit from cont ops $1.19 vs est $1.10. Oilfield service providers Baker Hughes Inc and Halliburton Co posted better-than-expected quarterly profits on resilient demand…
Halliburton & Baker Hughes Merger
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 $78.62 per Baker Hughes share…
Baker Hughes CEO Due Millions if Halliburton Deal Closes
Martin Craighead, chairman and chief executive officer of Baker Hughes Inc, stands to collect millions if Halliburton Co succeeds in its $35 billion takeover and he loses his job, according to regulatory filings. Halliburton…
Halliburton Seeks to Replace Baker Hughes Board
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…
Baker Hughes' CEO to Present at 2014 Barclays Energy-Power Conference
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.
