Baker Hughes Company News

Recent Articles

Results 50 articles shown

Equinor Hands $3.7B Deals To Schlumberger, Halliburton, Baker Hughes
Monday, June 18, 2018 Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion).

Baker Hughes: US Drillers Add Oil Rigs for Fourth Week in a Row
Friday, June 15, 2018 U.S. energy companies added one oil rig this week, the fourth consecutive week of increases.

Baker Hughes: US Drillers Add Oil Rigs For Third Week In A Row
Friday, June 08, 2018 US energy companies added oil rigs for a third week in a row even though crude prices have declined about 8% over the past three weeks.

Baker Hughes: US Drillers Add Oil Rigs For Second Week In A Row
Friday, June 01, 2018 US energy companies added oil rigs for a second week in a row even though crude prices have declined.

Baker Hughes: US Drillers Add Most Rigs In Week And Month Since Feb
Friday, May 25, 2018 US energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad.

Baker Hughes: US Oil Rig Count Holds Steady After Six Weeks Of Gains
Friday, May 18, 2018 The US oil rig count held steady this week after rising for 6 weeks in a row even as crude prices soar to multi-year highs.

An Upstream Comeback with Less Splash but More Cash?
Friday, May 11, 2018 Capital spending with free cash flow, rather than debt, is a hallmark of the 'new normal.'

Baker Hughes: US Drillers Add Oil Rigs For Sixth Consecutive Week
Friday, May 11, 2018 US energy companies added oil rigs for a sixth week in a row as crude prices continue to soar to multi-year highs.

Baker Hughes: US Drillers Add Oil Rigs For Fifth Straight Week
Friday, May 04, 2018 US energy companies added oil rigs for a fifth week in a row as they follow through on plans to spend more on drilling this year.

Frackers Preach Patience on Payoff From $70 Oil, Growth in Shale
Tuesday, April 24, 2018 The world's biggest oilfield service companies have a message for investors: There's a payoff for patience.

Explorers Crank Rig Count Higher as US Crude Supplies Dwindle
Friday, April 20, 2018 Oil explorers deployed more U.S. rigs this week as increasingly tight crude supplies pushed prices to their highest since 2014.

Baker Hughes: US Drillers Add Oil Rigs For Second Consecutive Week
Friday, April 13, 2018 US energy companies added oil rigs for a second week in a row.

Baker Hughes, GE Sign Contract with Iraq to Process Natgas at Two Fields
Monday, April 02, 2018 Baker Hughes and General Electric signed a contract with Iraq's government to process natural gas extracted alongside crude oil at two fields in southern Iraq, the oil ministry said.

Baker Hughes GE's CEO Of Australia, New Zealand & Papua New Guinea Departs
Friday, March 30, 2018 Mary Hackett has left her job as chief executive officer of Australia, New Zealand and Papua New Guinea.

Baker Hughes: US Oil Rig Count Rises For Fifth Straight Week
Friday, February 23, 2018 US energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs.

Baker Hughes: US Drillers Add Oil Rigs For Fourth Consecutive Week
Friday, February 16, 2018 US energy companies add oil rigs for a fourth week in a row.

BHGE CEO: Oil, Gas Industry Outlook 'A Lot Brighter' in 2018
Monday, January 29, 2018 The outlook for the oil and gas industry is a lot brighter now than it was in 2017.

Baker Hughes: US Drillers Add Most Oil Rigs in a Week since March
Friday, January 26, 2018 U.S. energy companies added 12 oil rigs this week, the biggest weekly increase since March, as crude prices hovered near their highest levels since 2014, prompting drillers to return to the well pad.

GE's Baker Hughes Adjusted Profit Beats On Higher N. America Demand
Wednesday, January 24, 2018 Baker Hughes reports 4Q revenue that beat analyst estimates and profit that modestly exceeded forecasts as growing US oil production spurred demand for its products.

Baker Hughes: Oil Drillers In Canada Boost Rigs To 10-Month High
Friday, January 12, 2018 Energy firms in Canada almost doubled the number of rigs drilling for oil this week to the highest level in 10 months.

Baker Hughes: US Oil Rig Count Ends 2017 40% Above Year-Ago Levels
Friday, December 29, 2017 The US oil rig count rose by about 42% by end-2017 compared to the corresponding period last year, as energy companies boosted spending amid a recovery in crude prices.

Baker Hughes: US Drillers Add The Most Oil Rigs In A Week Since June
Friday, November 10, 2017 US energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015.

US Oil Service Firms Face Hit from Venezuela Debt Restructuring
Monday, November 06, 2017 The companies' services are critical for Venezuela.

Baker Hughes: US Oil Rig Count Falls by Most in Week Since May 2016
Friday, November 03, 2017 U.S. energy companies cut eight oil rigs, the biggest reduction since May 2016, extending a drilling decline that started over the summer when prices slipped below $50 a barrel.

Top Oilfield Services Firms Signal Fourth-Quarter Uncertainty
Friday, October 20, 2017 The world's top two oilfield service firms warned of a slowdown in North America and a challenging year ahead.

Baker Hughes: US Oil Drillers Cut Rigs For A Third Week In A Row
Friday, October 20, 2017 The US oil rig count fell for a third week in a row, extending a two-month drilling decline.

US Oil Drillers Cut Rigs for 4th Week in Five -Baker Hughes
Friday, October 06, 2017 The oil rig count fell by two to 748 in the week to Oct. 6, General Electric Co's Baker Hughes energy services firm said.

Baker Hughes: US Drillers Add Oil Rigs for First Week Since mid-August
Friday, September 29, 2017 US energy companies add oil rigs for the first week in seven after a 14-month drilling recovery stalled in August as crude prices were on track for their strongest third quarter in 10 years.

US Oil Drillers Cut Rigs for 3rd Week in a Row -Baker Hughes
Friday, September 22, 2017 Drillers cut five oil rigs in the week to Sept. 22, bringing the total count down to 744.

Baker Hughes: US Drillers Cut Most Oil Rigs Since January
Friday, September 15, 2017 US energy firms cut the most oil rigs in a week since January as a 14-month drilling recovery stalled due to weak crude prices.

Baker Hughes: US Oil Drillers Cut Rigs As Recovery Stalls
Friday, September 08, 2017 US energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to recent crude price declines.

US Drillers Add No Oil Rigs as Harvey Slows Production - Baker Hughes
Friday, September 01, 2017 The total oil rig count for the week ended Friday stayed at 759, General Electric Co's Baker Hughes energy services firm said.

Baker Hughes: US Drillers Cut Oil Rigs Ahead Of Hurricane Harvey
Friday, August 25, 2017 US energy firms cut oil rigs for a second week in a row ahead of Hurricane Harvey.

Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three
Friday, August 18, 2017 US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices.

Baker Hughes Clinches Integrated Services Contract For PNG Gas Field
Tuesday, August 08, 2017 Baker Hughes wins a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field.

Baker Hughes Quarterly Loss Narrows; Expects Slower Activity In 2H
Friday, July 28, 2017 Oilfield services provider Baker Hughes, now part of GE, expects growth in North American onshore activity.

Oilfield Rush to High-Tech Helps Smaller Companies Thrive
Thursday, July 27, 2017 A wave of next-generation upstarts is hitting America's oil patch, offering high-tech solutions aimed at an industry in flux following the worst crude-market crash in a generation.

US Drillers Add Oil Rigs, Pace Remains Slow -Baker Hughes
Friday, July 07, 2017 The pace of additions has slowed in recent months.

Kemp: US Shale Producers Are Drilling Themselves into a Hole
Friday, June 30, 2017 Drilling and production are rising. Prices are declining.

US Oil Drillers Cut Rigs for First Week Since January - Baker Hughes
Friday, June 30, 2017 Analysts, however, noted the weekly decline in the rig count was likely just a brief pause in a drilling recovery.

US Drillers Add Oil Rigs for Record 23rd Week in a Row -Baker Hughes
Friday, June 23, 2017 U.S. energy firms added 11 oil rigs in the week of June 23, Baker Hughes said Friday.

GE Wins US Antitrust Approval for Baker Hughes Tie-Up
Monday, June 12, 2017 GE wins approval from US antitrust officials to combine its oil and gas business with Baker Hughes.

Kemp: US Oil Rig Count To Peak Soon Unless WTI Prices Rise
Wednesday, May 31, 2017 The active rig count is likely to peak in June or July unless the price of benchmark WTI crude starts rising again above $50 per barrel.

Baker Hughes: US Drillers Add Oil Rigs For 18th Week In A Row
Friday, May 19, 2017 US energy companies added oil rigs for an 18th week in a row, the second-longest such streak on record.

Baker Hughes Expects N. America Revenue To Rise In 2Q
Tuesday, April 25, 2017 Baker Hughes expects revenue from North America to rise in the current quarter from the first as oil producers drill more onshore wells.

Baker Hughes: US Drillers Add Oil Rigs For 14th Week In A Row
Friday, April 21, 2017 US drillers added oil rigs for a 14th week in a row, extending an 11-month recovery.

Baker Hughes: US Drillers Add Oil Rigs For 13th Week In A Row
Thursday, April 13, 2017 US drillers added oil rigs for a 13th week in a row, with the number of active rigs rising to near a two-year high.

Baker Hughes: US Drillers Add Oil Rigs For 12th Straight Week
Friday, April 07, 2017 US drillers added oil rigs for a 12th week in a row, extending the recovery into an 11th month as energy companies boost spending on new production to take advantage of a recovery in crude prices.

Baker Hughes: US Drillers Add Most Oil Rigs in a Quarter Since 2Q 2011
Friday, March 31, 2017 U.S. drillers add oil rigs for an 11th week in a row in the best quarter for boosting the rig count since the second quarter of 2011.

Baker Hughes: US Oil Rig Count Rises To Most Since Sept. 2015
Friday, March 10, 2017 US drillers added oil rigs for an eighth week in a row to the most since September 2015, extending a ten-month recovery.