Iraq Signs Gas-Processing Contract With International Firms

• Thursday, 5th April 2018
• by Editorial Team

Baker Hughes and General Electric signed a contract with the Iraqi government to process natural gas extracted alongside crude oil at the Nassiriya and Al-Gharraf oilfields in southern Iraq.

Petroleum Ministry, Baker Hughes GE Sign Cooperation Agreement

• Sunday, 18th February 2018
• by Sarah Samir

Egypt's Ministry of Petroleum and Baker Hughes GE signed a cooperation agreement to launch an electronic portal for online marketing of exploration and production (E&P) concession areas.

Baker Hughes Mulls Investment Boost in Egypt

• Tuesday, 5th September 2017
• by Sarah Samir

El Molla met with Baker Hughes' Vice President for Egypt and South Gulf, Ayman Khattab, and the company's General Manager, Sameh Hussein.

Iraq’s Oil Production to Reach 5 M b/d

• Wednesday, 26th July 2017
• by Editorial Team

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.

Saudi Aramco Installs New ESP System

• Thursday, 2nd February 2017
• by Editorial Team

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 replacement c ...

US Shale Oil Producers Restart Rigs

• Tuesday, 7th June 2016
• by Egypt Oil & Gas

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 adding that explorers have idled more than 1,000 oil rigs since the start of last year.

Sonatrach Awards $180m in Oil Service Contracts

• Tuesday, 10th May 2016
• by Egypt Oil & Gas

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.

Halliburton, Baker Hughes $28b Merger Deal Fails

• Tuesday, 3rd May 2016
• by Egypt Oil & Gas

Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28b merger deal after opposition from US and European antitrust regulators.

US Drillers to Cut Capital Spending by 30%

• Tuesday, 9th February 2016
• by Egypt Oil & Gas

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

• Tuesday, 4th August 2015
• by Egypt Oil & Gas

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.