The Court Seized the Assets of Baker Hughes for $50 Million at the Request of Yamal LNG
The arbitral tribunal agreed to provisional measures. The Arbitration Court of the Yamalo-Nenets Autonomous District ruled on the application of Yamal LNG LLC. The company filed a demand to seize the assets of the American Baker Hughes Baker Hughes Rus Infra. According to the case file, Yamal LNG demanded the …
Baker Hughes Completed the 2nd Quarter of 2023 with a Net Profit
In 2023, U.S. oilfield services corporation Baker Hughes ended the 2nd quarter with net income, with adjusted earnings per share and revenue better than expected. This was reported by the press service of Baker Hughes. The company’s net profit in April-June 2023 was $410 million, or 40 cents/share, against a …
The Number of Oil and Gas Drilling Rigs in the World Increased in July
The number of active oil and gas drilling rigs around the world rose by 20 in July compared to June, or 1.1%, to 1820, according to data from the American oil and gas service company Baker Hughes. In annual terms, the number of operating drilling rigs increased by 45, or …
U.S. Drilling Rig Count Rises For First Time in Ten Weeks
The number of operating oil and gas drilling rigs in the United States in the reporting week increased for the first time in the last 10 weeks. This was facilitated by the strongest increase in the number of active gas drilling rigs since October 2016. This was announced on Friday …
The Number of Oil and Gas Drilling Rigs in the World Increased in June
The number of active oil and gas drilling rigs around the world rose by 17 in June compared to May, or 1%, to 1,800, according to data from US oil and gas service company Baker Hughes. In annual terms, the number of operating drilling rigs increased by 94, or 5.4%. …
3t Strengthens Major Asset Potential with New Role and Appointment
3t Energy Group (3t), the global training powerhouse specialising in high-impact learning for the energy and wider safety-critical sector has announced the appointment of Dominic Zanre to a brand-new Group role. Appointed as Senior Solutions Manager, Dominic joins 3t with a focus on the Group’s innovative blended learning solutions following …
The Number of Oil and Gas Drilling Rigs in the World Decreased in May
The number of active oil and gas drilling rigs worldwide fell by 25 in May from April, or 1.4%, to 1,783, according to data from US oil and gas service company Baker Hughes. In annual terms, the number of operating drilling rigs increased by 155, or 9.5%. In the US, …
USA Extends Permission for Oil Companies to Transact with PDVSA
The US Treasury has once again extended permission for four US oilfield services companies to operate in Venezuela. The 8L General License allows Halliburton, Schlumberger Limited, Baker Hughes Holdings LLC and Weatherford International to retain Venezuelan assets until November 19 and enter into transactions with the local state-owned company PDVSA …
Former Baker Hughes in Russia Wants to Produce Rotary Steerable Systems
The OFS Technologies oilfield service company (former Baker Hughes in Russia) plans to launch the production of rotary-steered systems in Russia in early 2025 – equipment that allows you to control the trajectory of the well, said David Gadzhimirzaev, president of the company. Among the main problems with oilfield equipment …
The Number of Oil and Gas Drilling Rigs in the World Decreased in April
The number of active oil and gas drilling rigs worldwide fell by 71 in April from March, or 3.8%, to 1,808, according to data from US oil and gas service company Baker Hughes. In annual terms, the number of operating drilling rigs increased by 205, or 12.8%. In the United …