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Baker Hughes Inc

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  • US rig count up 2 to 1,929 Friday, 31 Oct 2014 | 1:46 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by two this week to 1,929.. Texas lost five rigs, New Mexico lost three and Ohio and West Virginia each lost two. Alaska, Arkansas, California, Colorado, North Dakota, Utah and Wyoming were unchanged.

  • US rig count up 9 to 1,927 Friday, 24 Oct 2014 | 3:18 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by nine this week to 1,927.. Of the major oil- and gas-producing states, Texas gained eight rigs, New Mexico increased five, West Virginia was up three, while Arkansas, California and Ohio gained two apiece. Kansas declined by four,...

  • Oct 21- As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Halliburton, the world's largest provider of fracking services, is more than doubling its railcar fleet and...

  • But offshore drillers such as Transocean Ltd are expected to post lackluster quarterly sales as new rigs ordered in boomtime hit the seas, creating overcapacity in an already crowded market. Revenue at Transocean, the second-biggest global offshore driller by market value, is expected to fall 15 percent- its steepest in three years- according to Thomson...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, said there were no signs of a slowdown in drilling activity despite the recent 25 percent fall in oil prices. Halliburton's shares rose about 2.5 percent in early trading after the company reported a better-than-expected quarterly profit and raised its quarterly dividend.

  • Oct 16- Schlumberger Ltd, the world's largest oilfield services company, posted a third-quarter profit that beat estimates for at least the ninth consecutive quarter, helped by strong drilling activity in North America. "Strong activity in North America and robust growth in international areas... in spite of international sanctions in Russia, drove...

  • *Q3 profit misses estimates as weak Gulf of Mexico hits margins. Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, said its clients would reconsider projects if oil prices fell to and remained at $75 per barrel for a few months, although many of them considered the recent slide in oil prices a short term blip. The caution from came after Baker...

  • *Netflix tumbles after quarterly results. *Goldman Sachs falls after earnings. NEW YORK, Oct 16- U.S. stocks tumbled on Thursday, after the S&P 500 closed at its lowest in six months, on continued concerns about weak global demand and its potential impact on the U.S. economy and businesses.

  • *Netflix tumbles in premarket after quarterly results. *Goldman Sachs falls after earnings. The VelocityShares Daily 2 x VIX Short Term exchange-traded note jumped 28.7 percent to $6.28 in premarket.

  • *Netflix tumbles in premarket after quarterly results. *Goldman Sachs falls after earnings. The VelocityShares Daily 2 x VIX Short Term exchange-traded note jumped 23.8 percent to $6.04 in premarket.

  • Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, reported a lower-than-expected profit as political tensions disrupted activity in Libya and Iraq, and a sharp fall in drilling in the Gulf of Mexico weighed on margins. Baker Hughes shares dropped more than 10 percent in premarket trading on Thursday as the company's profit fell short of...

  • Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, reported a lower-than-expected profit for the first time in five quarters as political tensions in Libya and Iraq, and a sharp fall in drilling activity in the Gulf of Mexico weighed on margins. Baker Hughes said pretax profit margins in its operations in Europe, Africa and the Russia Caspian...

  • Baker Hughes misses Street 3Q forecasts Thursday, 16 Oct 2014 | 7:03 AM ET
    View of three oil wells and flaring of natural gas on The Fort Berthold Indian Reservation near New Town, ND on August 13, 2014.

    Baker Hughes reported third-quarter earnings of $375 million, shy of analysts' estimates.

  • Oct 16- Baker Hughes Inc, the world's No.3 oilfield services company, reported a 10 percent rise in quarterly profit, driven by a boom in drilling in North American shale oil fields. The company's net income rose to $375 million, or 86 cents per share, in the third quarter ended Sept. 30, from $341 million, or 77 cents per share, a year earlier. Revenue rose 8 percent to $6.25...

  • Traders looking for more economic headwinds Thursday, 16 Oct 2014 | 6:06 AM ET
    Traders on the floor of the New York Stock Exchange, October 15, 2014.

    After Wednesday’s market turbulence, traders will be watching Thursday’s economic reports for any further indications the U.S. economy is running into headwinds.

  • Market fear factors could linger Thursday Wednesday, 15 Oct 2014 | 7:57 PM ET
    Traders on the floor of the New York Stock Exchange, October 15, 2014.

    After Wednesday’s market turbulence, traders will be watching Thursday’s economic reports for any further indications the U.S. economy is running into headwinds.

  • NEW YORK, Oct 15- Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. At stake is not just the fate of a U.S. drilling frenzy that has transformed the North American energy picture and powered the U.S. economy, but the shape of the global market as OPEC leader Saudi Arabia hopes to take share from U.S. producers.

  • NEW YORK, Oct 15- Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. At stake is not just the fate of a U.S. drilling frenzy that has transformed the North American energy picture and powered the U.S. economy, but the shape of the global market as OPEC leader Saudi Arabia hopes to claw share from U.S. producers.

  • NEW YORK, Oct 2- Energy shares were the weakest industry group in the market on Thursday, pressured as crude oil continued a recent decline. Among the most active names, Halliburton Co fell 2.4 percent to $60.98 while Baker Hughes Inc lost 2.5 percent to $61.78. November crude oil fell 0.5 percent to $90.30 per barrel, though the commodity was well off its low of the...

  • Midday movers: Apple, Chevron, Exxon Mobil & more Tuesday, 16 Sep 2014 | 12:47 PM ET

    Some of Tuesday's midday movers: