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...Both groups sold their Russian operations to local management in Russia, with Baker Hughes taking a $365mn charge in 2022 linked to its exit from the country....
...The issue has become a hot topic in recent years, prompted in part by the 24/7 operation of cryptocurrency trading and the rise in retail investor activity first spurred by coronavirus pandemic lockdowns...
...Authentic remains in advanced discussions with several potential operating partners to the Ted Baker brand, according to a person familiar with its operations....
...“From a historical context I’ve heard people say, you go back to the oil embargo of 1973 — that being somewhat similar,” said Lorenzo Simonelli, chief executive of Baker Hughes, in an interview with the...
...Mercury LLC, a company operating in the Syrian oil sector and sanctioned by the EU in 2021, generated sales of $67mn in the three years before the designation but declared zero revenues afterwards....
...While rival Baker Hughes beat expectations, it said that international and offshore markets would help offset “market softness in North America”....
...Its rivals Halliburton and Baker Hughes pulled out last year as sanctions were imposed in the wake of Moscow’s invasion of Ukraine....
...“It’s like choosing between a Bentley and a Tesla,” said Mark Mandel, chair of Baker McKenzie’s North America capital markets group....
...Oilfield services group Baker Hughes reported banner 2022 results as surging energy prices in the wake of Russia’s invasion of Ukraine pushed up drilling activity and demand for its technology....
...Rivals SLB and Baker Hughes both reported strong first-quarter earnings in recent days, driven by elevated demand for their services and equipment....
...Rivals Halliburton and Baker Hughes both reported waning US onshore demand this week. Most of SLB’s business is outside the US....
...Each of the three big international oilfield services groups — SLB, Baker Hughes and Halliburton — this week reported a slowdown in their North American business during the second quarter....
...Baker Hughes was the worst performer, posting a full-year loss of $601mn after struggling with parts shortages, inflation and the wind-down of its Russian operations....
...Halliburton and Baker Hughes — two of the world’s biggest service providers — both warned of an impact from the shale patch deceleration as they released second-quarter earnings yesterday....
...The number of operating oil rigs in the US, a barometer for activity in the industry, has dropped 16 per cent to 502 compared with the same time last year, according to Baker Hughes, an oilfield services...
...Oilfield services group Baker Hughes said the future remained bright for the oil and gas sector despite a gloomy macroeconomic backdrop as it reported a jump in revenues in the third quarter....
...On Friday, data showed that the number of drilling rigs deployed across the country had fallen for the eighth week in a row, according to Baker Hughes, an oilfield services company....
...Oilfield services group Baker Hughes kicked off proceedings yesterday, with a better than expected set of results fuelled by its Middle East and liquefied natural gas businesses....
...Oilfield services group Baker Hughes blamed supply chain issues and the suspension of its Russian operations as revenues slid and losses widened in the second quarter....
...Like other major oilfield services groups, Baker Hughes was forced to halt operations in Russia following US-imposed sanctions. It took a $365mn impairment charge related to its Russian operations....
...Hughes, the oilfield services company....
...Halliburton joins rival services groups SLB and Baker Hughes, which both posted strong 2022 earnings in recent days as high energy prices and a tight market in the wake of Russia’s invasion of Ukraine pushed...
...Hughes....
...Baker Hughes has reported a drop in revenues and widening losses as a result of supply chain issues and the suspension of its Russian operations, prompting a sharp sell-off in the American oilfield services...
...Oil and gas producers deployed 350 drilling rigs in the region last week, up by about a fifth from the same time last year, according to data collected by Baker Hughes....
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