Baker Hughes | Egypt Oil & Gas - Part 12
Baker Hughes Mulls Investment Boost in Egypt
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Baker Hughes’ Vice President for Egypt and South Gulf, Ayman Khattab, and the company’s General Manager, Sameh Hussein, to...
Iraq’s Oil Production to Reach 5 M b/d
Iraq’s oil production is expected to reach 5 million b/d by the end of 2017, while associated gas production is expected to record 1.3 billion standard cubic feet, according to Iraq’s Oil Minister, Jabar Ali Al-Luaibi...
Saudi Aramco Installs New ESP System
Saudi Aramco recently installed and tested the functionality of its Baker Hughes’ TransCoil rigless deployed electrical submersible pumping (ESP) system, which is expected to cut down on installation and replace...
US Shale Oil Producers Restart Rigs
Rigs targeting crude in the US rose by 9 to 325 in the last week of May and demand come closer into balance, Baker Hughes said, Business Day reported. Explorers have idled more than 1,000 oil rigs since the start of ...
Sonatrach Awards $180m in Oil Service Contracts
Algerian state energy company, Sonatrach, as a part of its strategy to cope with crisis, has awarded $180m in oil service contracts with several international companies, Reuters reported. The US oil service firm Schlu...
Halliburton, Baker Hughes $28b Merger Deal Fails
Oilfield services provider Halliburton and smaller rival Baker Hughes announced the termination of their $28b merger deal after opposition from US and European antitrust regulators, reported Reuters. The contract gove...
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., cited by Bloomberg. Based on IHS’s low-cas...
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. According to the report, the US government...
