Baker Hughes | Egypt Oil & Gas - Part 11
US Drillers to Cut Capital Spending by 30%
A group of 44 US oil and gas drillers will need to cut their capital budgets by an additional 30% to balance their lowered income, according to an analysis by IHS Inc.
Halliburton Faces More Questioning Over Acquisition of Baker Hughes
Oil services giant Halliburton is facing more questioning from the US Justice Department over the potential acquisition of rival Baker Hughes, reported the Houston Chronicle.
Baker Hughes Claims Decline in US Weekly Oil Rig Count
Energy firms pulled three rigs from U.S. oil fields this week, the smallest drop in five weeks, data showed on Friday, a sign the collapse in drilling is coming to an end as crude prices recovered after falling 60 pe ...
Baker Hughes, Halliburton Issue Joint Proxy Statement
Halliburton and Baker Hughes have issued a joint proxy statement/prospectus relating to the merger of Baker Hughes into a wholly owned subsidiary of Halliburton.
Baker Hughes: Gulf of Mexico Rig Count Remains Stable
Baker Hughes count of rigs operating offshore US held steady last week at 54. Of this number, 53 were in the Gulf of Mexico. This in a week where the total US rotary rig count dropped 42, reaching 1,568 as compared ...
Baker Hughes, Schlumberger Beat Earnings Expectations
Oilfield service companies Baker Hughes and Schlumberger posted higher than expected earnings thanks to activity growth in the U.S. Gulf of Mexico and international markets that balanced out cyclical weakness in the ... Baker Hughes Joins BP, Schlumberger on Talks to Upgrade Kirkuk
U.S. giant oil services firm Baker Hughes Inc. has joined U.K.-supergiant BP PLC and Schlumberger Ltd. on separate talks with Iraq to more than double output from the country's giant Kirkuk oil field in northern Iraq ... Baker Hughes Opens Unconventional Resources Research and Technology Center in Dhahran
The Baker Hughes Dhahran Research and Technology Center opens its doors today with a focus on research and development of new technologies to unlock the potential of unconventional resources. 
