Baker Hughes Company News

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US Drops 10 Oil and Gas Rigs
Thursday, April 18, 2019 This week's rig count saw declines of eight oil rigs and two gas rigs for a net loss of 10.

US Has Net Loss of Three Rigs
Friday, April 12, 2019 The nation added two oil rigs and dropped five gas rigs.

Mining Employment Sees Slight Gains in March
Friday, April 05, 2019 Oil and gas extraction jobs increased while support jobs declined.

Shale's Growing Pains Could Curb US Oil Production
Tuesday, March 26, 2019 The dramatic ramp-up in U.S. shale production is running into a combination of issues that threaten to slow the pace of expansion.

US Has Fourth Straight Week of Rig Count Declines
Friday, March 15, 2019 The U.S. dropped one oil rig this week.

BP West Africa Contracts Go to McDermott and BHGE
Monday, March 11, 2019 The contracts cover SURF and SPS equipment.

Permian Still Booming Despite Hurdles
Thursday, March 07, 2019 The Permian's oil pipeline network is expected to grow 60-70 percent in the next five years.

US Drops 10 Oil Rigs
Friday, March 01, 2019 The U.S. dropped rigs for the second week in a row, with a net loss of nine rigs.

US Drillers Add Rigs for Second Consecutive Week
Friday, February 15, 2019 The US added a net total of two rigs this week.

US Adds Seven Oil Rigs
Friday, February 08, 2019 The US saw an addition of seven oil rigs this week but saw a decline in gas rigs.

Golden Pass Supply Contract Goes to BHGE
Thursday, February 07, 2019 A McDermott-Chiyoda-Zachry JV will build the LNG export facility.

US Adds 10 Oil Rigs
Friday, January 25, 2019 Following last week's deep declines, the US added a total of 10 oil rigs this week.

US Drops 25 Oil and Gas Rigs This Week
Friday, January 18, 2019 This marks the third consecutive week of rig declines for the US.

US Drops Four Oil Rigs This Week
Friday, January 11, 2019 The US oil rig count dropped by four this week, while the country added four gas rigs, keeping the total rig count flat.

US Drops Eight Oil Rigs This Week
Friday, January 04, 2019 US drillers drop eight rigs this week as crude prices advance.

US Adds Oil Rigs for Second Week in a Row
Friday, December 28, 2018 The US added two oil rigs this week, marking the second week of increases.

US Drillers Add 10 Oil Rigs This Week
Friday, December 21, 2018 This week's oil rig count has increased for the first time in three weeks.

US Oil Rig Count Drops for Second Week in a Row
Friday, December 14, 2018 US drillers cut four rigs this week.

McDermott and BHGE Join Australia Gas Project
Wednesday, December 12, 2018 McDermott and BHGE have struck a deal with Western Gas to be the exclusive development partners for the Equus Gas Project.

US Oil Rig Count Drops by 10
Friday, December 07, 2018 US drillers cut 10 rigs this week.

Baker Hughes Inks Service Contract with Saudi Aramco
Wednesday, December 05, 2018 Baker Hughes inks a three-year well services contract with Saudi Aramco.

US Adds Two Oil Rigs This Week
Friday, November 30, 2018 Despite crude oil prices falling below $50 this week, the US oil rig count increased.

BHGE Introduces Cost-Saving Subsea Technology
Thursday, November 29, 2018 Baker Hughes says the new technology can reduce the economic development point of subsea projects by 30%.

US Adds Oil Rigs for Fifth Out of Sixth Weeks
Friday, November 16, 2018 This week's rig count marks the fifth out of six weeks that the nation has added oil rigs.

GE Looks to Speed Up Separation from Baker Hughes
Tuesday, November 13, 2018 The companies agree to a deal which frees up GE to begin selling Baker Hughes stock.

GE's Knack for Bad Timing Strikes Again
Tuesday, November 13, 2018 General Electric Co.'s plan to unravel its Baker Hughes stake smacks of desperation.

US Drops Oil Rigs for First Time in Four Weeks
Friday, November 02, 2018 According to rig count data compiled by Baker Hughes, a GE Company, drillers cut one rig this week.

US Rig Count Reaches Highest Level in Two-and-a-Half Years
Friday, October 19, 2018 The US adds four rigs this week, making this week's count the highest since March 2015.

Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
Friday, September 14, 2018 US energy companies this week added oil rigs for the second time in the last three weeks.

Baker Hughes: US Oil Drillers Cut Rigs For Second Week In Three
Friday, September 07, 2018 US energy companies cut oil rigs for the second week in three as the rig count has stagnated over the past three months along with crude prices.

Baker Hughes: US Drillers Add Oil Rigs For The First Time In Three Weeks
Friday, August 31, 2018 US energy companies added oil rigs for the first time in three weeks, energy services firm Baker Hughes reported.

Baker Hughes: US Drillers Cut Most Oil Rigs In Over 2 Years
Friday, August 24, 2018 US energy companies cut nine oil drilling rigs this week, the biggest reduction since May 2016, following a recent decline in crude prices.

Baker Hughes: US Oil Drilling Rig Count Holds Steady This Week
Friday, August 17, 2018 US energy companies kept the oil rig count unchanged this week amid a steady decline in crude prices, which hit a near 2-month low earlier this week.

Baker Hughes: US Drillers Add Most Oil Rigs Since May
Friday, August 10, 2018 US energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration and production.

US Oil Drillers Cut Rigs for Second Week in Three -Baker Hughes
Friday, August 03, 2018 So far this year, the total number of oil and gas rigs active in the United States has averaged 1,010.

Baker Hughes: US Drillers Add Oil Rigs For First Week In Three
Friday, July 27, 2018 US energy companies this week added oil rigs for the first time in the past three weeks.

Schlumberger, Baker Hughes Set Sights on 'Healthy' 2H
Friday, July 20, 2018 Schlumberger and Baker Hughes have their sights set in different directions as they move into the second-half of 2018.

Baker Hughes: US Drillers Cut Rigs By Most Since March This Week
Friday, July 20, 2018 US energy companies this week cut oil rigs by the most in a week since March.

US Drillers Leave Oil Rig Count Unchanged -Baker Hughes
Friday, July 13, 2018 U.S. energy companies left the oil rig count unchanged this week as the rate of growth has slowed over the past month or so.

US Drillers Add Oil Rigs for First Week in Three -Baker Hughes
Friday, July 06, 2018 U.S. energy companies this week added oil rigs for the first time in three weeks but the rate of growth has slowed.

Baker Hughes: US Oil Drillers Cut Rigs For Second Week In A Row
Friday, June 29, 2018 US energy companies this week cut oil rigs for a second straight week.

Myanmar Shwe Contract Goes to McDermott, BHGE
Wednesday, June 27, 2018 A consortium of McDermott and BHGE has won a contract for the second phase of the Shwe gas field development offshore Myanmar.

GE to Pursue 'Orderly Separation' from BHGE
Tuesday, June 26, 2018 GE plans to pursue an 'orderly separation' from BHGE over the next 'two to three years'.

Chevron Awards BHGE Contracts for Next Gorgon Phase
Tuesday, June 26, 2018 The new equipment will facilitate a second development phase within the Greater Gorgon area offshore northwestern Australia.

BHGE to Close Schertz Facility by End of Year
Monday, June 25, 2018 Turbomachinery & Process Gas Processing will be closing the doors of its facility in Schertz, Texas.

Baker Hughes: US Oil Drillers Cut Rigs For First Time In 12 Weeks
Friday, June 22, 2018 US energy companies this week cut one oil rig, the first reduction in 12 weeks.

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.