Monday 29 December 2014
 
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Baker Hughes

Halliburton to buy Baker Hughes for $35 billion

Halliburton said on Monday it will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as customers curb spending on falling oil prices. Hal

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Halliburton to buy Baker Hughes for $35 billion

Halliburton said on Monday it will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as customers curb spending on falling oil prices. Hal

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Middle East leads drilling boom

Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes in the Middle East and Africa. More than 1,300 drilling rigs have been operating

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Increased activity boosts oilfield firms' profits

Increased oilfield activity in US offshore waters and overseas gave a bigger-than-expected lift to profits at Schlumberger and Baker Hughes, marking a clear divide with struggling smaller US oil services firms.  

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Baker Hughes opens research centre in Dhahran

The Baker Hughes Dhahran Research and Technology Center opened yesterday with a focus new technologies to unlock the potential of unconventional resources. The newly constructed, world-class centre is the result of years of planning and a

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Baker Hughes gets $640m Iraqi drilling deal

Iraq awarded a $640 million deal to US oil service company Baker Hughes to drill 60 wells in the southern Zubair oilfield, a government spokesman said on Tuesday. The Iraqi cabinet approved the Oil Ministry's request to award the three-yea

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Baker Hughes launches waste recycling unit

Baker Hughes has launched its mobile and portable onshore waste facility that offers operators a one-stop solution to processing a wide range of drilling fluids and solids in close proximity to shale formations. The new Eco-Centre CR elimi

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Baker Hughes to start Iraq drilling by next year

Baker Hughes International is on track to start drilling in Iraq's giant West Qurna oilfield by early 2012, a senior executive at the world's third largest oilfield services firm said. "Drilling activities in Iraq will probably start towar

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Lukoil awards Iraq contract to Baker Hughes

US-based Lukoil has awarded Baker Hughes, a major oilfield services company, a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq. Under the terms of the contract, Bake

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Baker Hughes sees Saudi, Iraq drilling boost

Baker Hughes, the world's third largest oilfield services firm expects drilling activity to pick up in Opec-members Saudi Arabia and Iraq from the second half of this year as delayed projects restart, a company executive said on Wednesday.

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