The Number of Drilling Rigs in the World in May Fell the Third Month in a Row
The number of active oil and gas drilling rigs in the world in May decreased at the end of the third month in a row, according to the American oilfield company Baker Hughes. On average, last month, 1675 installations against 1726 in April worked in the world. At the same …
American Baker Hughes Will Support a Gas Project in Algeria
American oilfield services company Baker Hughes announced the signing of a major contract with the largest Algerian state-owned oil and gas company SONATRACH, specializing in the production, processing and sale of oil and natural gas. The contract is part of a wider order for the construction of booster plants, Phase …
The United States Extended the License for the Big Four Oilfield Services to Provide Some Services in Venezuela
The Office of Foreign Assets Control (OFAC) has extended until November 15, 2024 the license for Schlumberger, Halliburton, Baker Hughes and Weatherford to provide some oilfield services in Venezuela, the department said in a statement. The document allows these companies, as well as their subsidiaries, to conduct transactions in the …
Baker Hughes Co. Reduced Net Profit in the First Quarter of 2024 by 21% Due to Higher Costs and Lower Order Volumes
The company’s net profit in January-March amounted to $455 million compared to $576 million in the same period last year. Earnings per share decreased to $0.45 from $0.57. Earnings excluding one-time factors were $0.43 per share, exceeding the consensus forecast of analysts polled by FactSet at $0.39 per share. Baker …
The Net Profit of the Oil Service “OFS Technology” Tripled in 2023
The company noted that positive dynamics were achieved due to several factors – increasing activity on current projects and implementing new projects. The net profit of the oil service company OFS Technologies (formerly Baker Hughes in Russia) grew to 6.4 billion rubles in 2023, the company reported. This is more …
Baker Hughes Noted a Decline in the Number of Oil and Gas Drilling Sites in the World in March
The number of active oil and gas drilling rigs in the world fell in March due to Canada, US oil services company Baker Hughes said. On average, 1,793 installations operated around the world last month compared to 1,813 in February. At the same time, the March level is 86 lower …
The Number Of Oil And Gas Drilling Rigs In The World Grew For The Second Month In February, Driven By Canada
The number of active oil and gas drilling rigs in the world increased in February for the second month in a row, mainly due to Canada, according to the American oil services company Baker Hughes. On average, 1,813 installations operated worldwide last month compared to 1,784 in January. At the …
The Number Of Oil And Gas Drilling Rigs In The World Increased In January Due To Canada
The number of active oil and gas drilling rigs in the world increased in January, mainly due to Canada, according to the American oil services company Baker Hughes. On average, 1,784 installations operated around the world last month compared to 1,739 in December. At the same time, the January level …
Baker Hughes Increased Quarterly Dividends By 5%
American oil service corporation Baker Hughes Co. (SPB: BKR) increased its quarterly dividends by 5% to $0.21 from $0.20 per class A share. According to a company press release, payments will take place on February 23. The closure of the register of shareholders is scheduled for February 13. Baker Hughes …
The Court Rendered A Decision in The Dispute Between Baker Hughes and Yamal LNG For $50 Million
Nefteservis tried to get the interim measures canceled. The Arbitration Court of the West Siberian District rejected the complaint of Baker Hughes Rus Infa LLC. The company was unable to challenge the imposition of interim measures: arrest of accounts in the amount of $50.7 million (at the Central Bank exchange …