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Showing results for Baker-Hughes Oilfield Operations, Inc.
...“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...
...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....
...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....
...“It’s like choosing between a Bentley and a Tesla,” said Mark Mandel, chair of Baker McKenzie’s North America capital markets group....
...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....
...Meanwhile, some analysts are asking questions about the price Chevron paid for Hess, which has offshore operations in Guyana....
...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....
...Others, such as Unilever and PepsiCo, have opted to keep up partial operations in the country....
...Halliburton joins rivals Baker Hughes and Schlumberger — the other two biggest providers of services to the global oil and gas industry — which both posted strong results last week....
...Rival Baker Hughes on Wednesday also reported an uptick in revenue, though at a slower pace....
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