Baker Hughes | Egypt Oil & Gas - Part 7
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.
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 replacement c ...
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 adding that explorers have idled more than 1,000 oil rigs since the start of last year.
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.
Halliburton, Baker Hughes $28b Merger Deal Fails
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%
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 ...
