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Baker Hughes Inc

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  • US rig count up 6 to 1,931 Friday, 12 Sep 2014 | 1:36 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by six this week to 1,931.. Of the major oil- and gas-producing states, Alaska gained three rigs; Kansas, New Mexico and North Dakota each increased by two; and Colorado, Ohio and Pennsylvania were up one apiece.

  • Study: North Texas drilling adds $11.8B to economy Wednesday, 10 Sep 2014 | 3:56 PM ET

    FORT WORTH, Texas— Production from the natural gas-rich Barnett Shale in North Texas has risen even as drilling activity and natural gas prices have fallen, according to a study commissioned by the Fort Worth Chamber of Commerce released Wednesday.

  • Avon stock declines after CFO Ross resigns Tuesday, 9 Sep 2014 | 10:45 AM ET

    NEW YORK— Avon's stock is falling Tuesday after its chief financial officer resigned to take a CFO job in another industry. Avon's vice president and corporate controller, Robert Loughran, will be interim CFO while the New York company searches for a permanent replacement.

  • HOUSTON, Sept 8- In June 2013, activist investors got the board of SandRidge Energy Inc to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.

  • LONDON, Aug 28- The independent companies at the forefront of the U.S. shale boom will finally earn enough from selling oil and gas to cover their capital expenditures next year, for the first time since 2008.. That compares with a shortfall of around $9 billion in 2013 and $32 billion in 2012..

  • WILLISTON, Aug 18- A subsidiary of real estate developer The Prime Group Inc said on Monday it plans to build a $150 million convention center in Williston, North Dakota, aiming to supply a world-class meeting space for the fast-growing oil boom community.

  • LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.

  • July 21- Halliburton Co, North America's top oilfield services provider, said it would add fracking equipment and crew to take advantage of higher demand in the region, signaling an industry-wide recovery after a two-year slump.

  • But away from the bad-tempered litigation in U.S. courts, which has dominated the news about Argentina for months, the country is experiencing an oil drilling boom as international companies seek to cash on its huge shale resources.

  • July 21- Halliburton Co, the world's No.2 oilfield services provider, said it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.

  • Halliburton's shares rose 1.5 percent in trading before the bell, after the company also raised its share repurchase program to $6 billion from $5 billion.

  • July 17- Schlumberger Ltd's, the world's largest oilfield services company, reported better-than-expected second quarter revenue as drilling activity picked up in North America. Schlumberger and Baker Hughes provide several services, including seismic surveys that determine where oil lies under the earth's surface and hydraulic fracturing of wells.

  • By Swetha Gopinath and Ashutosh Pandey. July 17- Baker Hughes Inc, the world's third-largest oilfield services company, said it expects strong growth in North America as oil and gas producers turn to its new technologies to reduce drilling time and cut costs.

  • July 17- Baker Hughes Inc, the world's third-largest oilfield services company, posted a better-than-expected profit and said it expected increased activity for the remainder of the year. A pick up in drilling activity in North America and steady demand from the Middle East and Asia Pacific helped the company report a 47 percent jump in second-quarter profit.

  • RPT-COLUMN-The real shale revolution: Kemp Monday, 14 Jul 2014 | 10:01 PM ET

    LONDON, July 14- By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. "Horizontal drilling is the real marvel of engineering and scientific innovation," David Blackmon wrote in Forbes magazine last year.

  • COLUMN-The real shale revolution: Kemp Monday, 14 Jul 2014 | 8:45 AM ET

    LONDON, July 14- By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. "Horizontal drilling is the real marvel of engineering and scientific innovation," David Blackmon wrote in Forbes magazine last year.

  • MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.

  • LONDON, July 7- Exploring for oil and gas is like gambling: it's all about playing probabilities, and using technology and skill to improve the odds.

  • COLUMN-Why secular stagnation is wrong: Kemp Monday, 30 Jun 2014 | 9:02 AM ET

    LONDON, June 30- "Equality of opportunity as we have known it no longer exists," Franklin Delano Roosevelt warned gloomily in September 1932. In a campaign speech to the Commonwealth Club of San Francisco, the Democratic Party's nominee for president of the United States told his listeners that "opportunity in business has narrowed.

  • Cramer: ‘Basic’ way to leverage energy renaissance Wednesday, 18 Jun 2014 | 6:41 PM ET
    Jim Cramer on Mad Money.

    Jim Cramer knows he’s talked about oil producers with major shale exposure ad nauseam. Following is something new.