Baker Hughes Company News
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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.
Baker Hughes: U.S. Drillers Add Oil Rigs for Sixth Week in a Row
Friday, February 24, 2017 U.S. drillers add oil rigs for a sixth consecutive week, extending a nine-month recovery as shale producers ramp up spending to take advantage of a recovery in oil prices.
US Boosts Monthly Rate Of Oil Rig Additions To Most Since 2012
Friday, February 10, 2017 Drillers added eight oil rigs in the week to Feb. 10, bringing the total count up to 591, the most since October 2015.
Baker Hughes: US Oil Rigs Rise To Most Since November 2015
Friday, January 27, 2017 US energy companies this week added oil rigs for a 12th week in the last 13, extending an eight-month recovery.
Steve Jobs of Oil Patch Carved Baker Hughes Path to GE Deal
Thursday, January 26, 2017 Martin Craighead's knack for innovation helped turn Baker Hughes Inc. into a sort of Apple Inc. for oil services.
Baker Hughes Says Only Higher Oil Prices Will Spur International Spending
Thursday, January 26, 2017 Baker Hughes says crude oil prices would need to rise by roughly another 15% to spur producers to spend more on drilling outside North America.
Shale Frackers' Weak Sales Leave Investors Asking What Growth?
Wednesday, January 25, 2017 Reporting a profit might not be enough for Baker Hughes, after its two larger rivals failed to impress investors with anemic sales growth.
Baker Hughes: US Drillers Add The Most Oil Rigs Since April 2013
Friday, January 20, 2017 US energy companies this week added the most oil rigs in nearly four years, extending an eight-month recovery.
Baker Hughes: US Drillers Add Oil Rigs For 10th Week In A Row
Friday, January 06, 2017 US energy companies this week added oil rigs for a tenth week in a row, extending the drilling recovery into an eighth month.
Baker Hughes: US Oil Rig Count Recovers To End 2016 Near Year-Ago Levels
Friday, December 30, 2016 The US oil rig count ended 2016 just below year-ago levels as drillers added rigs this week.
Baker Hughes: US Drillers Add Oil Rigs For 7th Week In A Row
Friday, December 16, 2016 US energy companies added oil rigs again, extending a seven-month drilling recovery as crude prices held near a 17-month high.
Baker Hughes: US Drillers Add The Most Oil Rigs Since July 2015
Friday, December 09, 2016 US energy companies this week added the most oil rigs since July 2015, extending the seven-month drilling recovery as crude prices rose to a near 17-month high.
Baker Hughes: US Oil Drilling Rig Count Recovery Extends Into 7th Month
Friday, December 02, 2016 US energy companies extended their recovery in oil drilling into a seventh month this week as they follow through on plans to add rigs as crude rose to its highest price in over a year.
Baker Hughes To Form Fracturing JV With Goldman Sachs, CSL Capital
Tuesday, November 29, 2016 Baker Hughes says it has reached an agreement with CSL Capital Management and Goldman Sachs Group's merchant banking division.
Baker Hughes: US Drillers Add Oil Rigs For 21st Week In 24
Friday, November 11, 2016 US oil drillers increased rigs this week for a 21th week in the last 24.
GE, Baker Hughes $30 Billion 'Shrewd Move' Could Avert Anti-Trust Issues
Tuesday, November 01, 2016 The GE-Baker Hughes deal could indicate a bounce ahead for troubled oilfield services sector.
GE To Merge Oil Unit With Baker Hughes To Create Service Giant
Monday, October 31, 2016 General Electric says it would merge its oil and gas business with Baker Hughes creating the world's second-largest oilfield services provider.
BLOG: Digital Technology Could Expand with GE-Baker Hughes Merger
Monday, October 31, 2016 The GE-Baker Hughes merger could expand the adoption of digital technology in the oil and gas industry.
Baker Hughes-GE Talks Come After Difficult Time For Both Companies
Friday, October 28, 2016 Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces.
Baker Hughes Posts Smaller-Than-Expected Loss As Costs Fall
Tuesday, October 25, 2016 Baker Hughes reports a smaller-than-expected quarterly loss on strict cost control.
Baker Hughes: US Drillers Extend Rig Recovery With Oil Over $50/Bbl
Friday, October 21, 2016 The number of rigs drilling for oil in the United States this week rose by the most in two months.
Baker Hughes: US Oil Rig Count Extends Recovery Amid Crude Rally
Friday, October 07, 2016 The number of rigs drilling for oil in the United States rose this week, extending one of its best recoveries with no cuts for 15 straight weeks.