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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


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


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


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


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


Asia Pacific Spill Response OSRL Increases Capabilities

the new base in Singapore

Last month Oil Spill Response Limited (OSRL), a global oil spill response cooperative funded by more than 160 companies, opened its new base with enhanced response capabilities at Loyang in Singapore. Maritime Reporter took the opportunity to speak with Robert Limb, OSRL Chief Executive, regarding the significance of OSRL’s expansion. The opening of the base last month in Singapore was touted as a milestone event for the maritime and oil and gas industries in the Asia Pacific region


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


Hedge Funds' Big Bets on Energy Companies Pummeled

Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller


Merger Talks Feed Energy Sector Deal Speculation

Employees work in a lab at the Halliburton Co. facility in Houston.

  Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell


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 nominations followed discussions between the parties regarding a potential


Halliburton & Baker Hughes Merger

Two giants merge

  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


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.


'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


Kelvin Hughes to Supply Sharpeye Radar Systems

photo: Kelvin Hughes

Kelvin Hughes announced that it has been contracted by VisSim, a VTMS system provider and integrator, to supply a total of 11 SharpEye radar sets for the protection of offshore facilities in Azerbaijan. As part of VisSim’s Marine Asset Protection and Surveillance System


World’s Fastest Ferry Using SharpEye Radar

Incat Francisco Hull 69 Approved for commercial use 0690433EH web.jpg

Kelvin Hughes, a designer and supplier of navigation and surveillance systems, announced that its SharpEye radar is now in continuous use on the world’s fastest ferry, operating between Argentina and Uruguay. Launched in Oct 2013 by the President of Argentina


Rig Counts up from One Year Ago

Baker Hughes Incorporated (BHI) has announced  that the international rig count for January 2014 was 1,325, down 10 from the 1,335 counted in December 2013, and up 46 from the 1,279 counted in January 2013. The international offshore rig count for January 2014 was 302


Baker Hughes Announces Q2 Conference Call

Baker Hughes

  Baker Hughes Incorporated (NYSE: BHI) announced today that it has scheduled a conference call on Thursday, July 17, 2014, to discuss results for the second quarter 2014, ending June 30, 2014. The call will begin at 8:30 a.m. Eastern time


Bordelon Celebrates 35 Years in Marine Services

Bordelon Marine Anniversary.png

This year marks the 35th anniversary of Bordelon Marine. Established in 1979, the company said it has maintained a family-oriented culture and a positive presence in its community by continuing the long standing trust it has established with its vendors and employees alike. 


Flirting with Default, Argentina Enjoys Oil Drilling Boom

  Holders of Argentina's  defaulted debt and their supporters have warned the country risks being frozen out from international capital markets unless it finds a way to solve its legal problems by the July 30 deadline. But away from the bad-tempered litigation in U.S


Expanded Kelvin Hughes Product Range on Display

Stand Picture 9 Sept.jpg

Kelvin Hughes is launching and demonstrating a host of new products and services at SMM 2014, including a port security radar system, specialist mission radome radar and displays, Voyage Data Recorders and the latest version of ChartCo PassageManager software.


Baker Hughes Names Kimberly Ross as CFO

Kimberly A. Ross

  Baker Hughes Incorporated has today announced appointment of Kimberly A. Ross, as Senior Vice President and Chief Financial Officer (CFO) effective October 22, 2014. Ross currently serves as Executive Vice President and CFO of Avon Products, Inc


U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive, data showed on Friday. The number of rigs drilling for oil fell by 13 to 1,582 in the latest week






 
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