CNBC's Dominic Chu reports the Baker Hughes weekly rig count data.
CNBC's Dominic Chu reports the weekly Baker Hughes rig counts.
U.S. OIL DRILLERS ADD RIGS FOR SECOND TIME IN 2016 -BAKER HUGHES.
May 27- U.S. oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, even as crude prices this week tested a seven-month high at $50 a barrel. They broke above the $50- mark on Thursday and were trading around $49 on Friday with analysts predicting range-bound markets for the next few months as supply outages...
May 27- U.S. oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, despite crude prices this week testing a seven-month high at $50 a barrel. U.S. oil futures have recouped about half of their losses and broke above the $50- mark on Thursday and were trading around $49 on Friday with analysts predicting...
CNBC's Brian Sullivan reports the Baker Hughes weekly rig count.
A wave of U.S. energy bankruptcies are creating opportunities to pick up assets, former Magnum Hunter Resources CEO Gary Evans said.
While the oil markets remain volatile, there are a handful of stocks in the sector that are the best bets right now, says Andy Lipow.
CNBC's Brian Sullivan reports the number of oil rigs online remains at 318 from a week ago.
Tough sanctions on Iran that hammered its oil exports may have helped the country cope with the commodities slump by forcing it to diversify its economy.
Officers says more than 88-thousand gallons of crude oil have leaked off the Louisiana coast.
The ouster of Saudi Arabia’s oil minister will send oil prices lower … and for quite some time. Here’s why, says Mark Harrington.
CNBC's Brian Sullivan reports from Louisiana about how the state's fishing industry is being inundated with job seekers coming out of the embattled oil and gas industry.
CNBC's Brian Sullivan looks at what life is like on a Louisiana oil barge.
May 6- U.S. oil drillers cut rigs for a seventh week in a row to the lowest level since October 2009, oil services company Baker Hughes Inc said Friday, although as analysts see an end to the nearly two-year slump in drilling for new wells. RIG-OL-USA- BHI> In 2015, drillers cut on average 18 oil rigs per week for a total of 963 for the year, the biggest annual decline since...
The impact of low oil prices and energy layoffs is reverberating across Louisiana — and being felt acutely in the bayou.
CNBC's Brian Sullivan reports from Louisiana about how the state's oil and gas industry is hurting and how unemployed workers are turning to another big industry there: fishing, shrimping and crabbing.
Louisiana's finances were already in doubt when oil prices came crashing down, and now energy layoffs are denting income and tax revenue.
The company's net income attributable to controlling interest was $249 million, or 68 cents per share, in the first quarter ended March 31, compared with a loss of $483 million, or $1.33 per share, a year earlier. Excluding items, the company earned 69 cents per share. Revenue fell 34.4 percent to $1.34 billion.
Halliburton and Baker Hughes announced the termination of their merger agreement in the face of regulatory opposition.