Baker Hughes Inc. (NYSE: BHI) announced today results for the first quarter of 2017. “Baker Hughes delivered another sequential quarter of improved adjusted operating profit, despite industry headwinds in certain market segments,” said Martin Craighead, Baker Hughes Chairman and Chief Executive Officer. “In North America we grew our well construction onshore business, particularly drill bits and rotary [...]
Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for March 2017 was 943, up 2 from the 941 counted in February 2017, and down 42 from the 985 counted in March 2016. The international offshore rig count for March 2017 was 197, down 3 from the 200 counted in February 2017, and down 14 from the 211 counted in March 2016. The average U.S. rig count for March 2017 was 789, up 45 from the 744 [...]
Baker Hughes Inc. (NYSE: BHI) announced today that it will release its financial results for the first quarter 2017 on Tuesday, April 25, 2017, at 6:30 a.m. Eastern Time (5:30 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The conference call will broadcast live via a webcast that can be accessed by visiting [...]
Baker Hughes announced today the commercial release of its TerrAdapt™ adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures. With the industry’s first self-adjusting depth-of-cut (DOC) control elements, the TerrAdapt bit automatically changes its aggressiveness based on the [...]
Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for February 2017 was 941, up 8 from the 933 counted in January 2017, and down 77 from the 1,018 counted in February 2016. The international offshore rig count for February 2017 was 200, down 6 from the 206 counted in January 2017, and down 25 from the 225 counted in February 2016. The average U.S. rig count for February 2017 was 744, up 61 from [...]
General Electric Company (NYSE: GE) and Baker Hughes Inc. (NYSE: BHI) today announced that the companies have each received a request for additional information (“second request”) from the United States Department of Justice (“DOJ”) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The second requests were issued under the Hart-Scott-Rodino Antitrust [...]
Baker Hughes Inc. (NYSE: BHI) announced today that the company’s Chairman and Chief Executive Officer Martin Craighead will present at Scotia Howard Weil Energy Conference on Tuesday, March 28, 2017, at 10:15 a.m. Eastern Time (9:15 a.m. Central Time). If you would like to view the presentation materials, please visit the “Events & Presentations” page on our website at: www.bakerhughes.com/investor [...]
Saudi Aramco and Baker Hughes (NYSE:BHI) announced today the first installation of the TransCoil™ rigless-deployed electrical submersible pumping (ESP) system, which is designed to help operators bring wells on production faster and lower the costs associated with installing and replacing ESPs. Because they can eliminate the need for a rig in fields where rig availability is a concern or where high intervention [...]
Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for January 2017 was 933, up 4 from the 929 counted in December 2016, and down 112 from the 1,045 counted in January 2016. The international offshore rig count for January 2017 was 206, down 4 from the 210 counted in December 2016, and down 36 from the 242 counted in January 2016. The average U.S. rig count for January 2017 was 683, up 49 from [...]
Baker Hughes Inc. (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable February 17, 2017 to holders of record on February 6, 2017. Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas [...]
Baker Hughes Inc. (NYSE:BHI) announced today results for the fourth quarter and full year of 2016. “During 2016, against the back-drop of another difficult year for the industry, we achieved significant progress on our commitment to improve financial performance by reducing operational costs, optimizing our capital structure, and strengthening our commercial strategy,” said Martin Craighead, Baker Hughes [...]
Baker Hughes Inc. (NYSE:BHI) announced today that the international rig count for December 2016 was 929, up 4 from the 925 counted in November 2016, and down 166 from the 1,095 counted in December 2015. The international offshore rig count for December 2016 was 210, down 1 from the 211 counted in November 2016, and down 40 from the 250 counted in December 2015. The average U.S. rig count for December 2016 was 634, up 54 [...]
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