The integration of the Russian businesses will be completed upon receipt of Russian regulatory approval.
Read More »Oil Prices Up as Saudi Arabia Extends Deadline on Qatar Demands
That marked only the second time the weekly oil-rig count fell this year. Oil-rig numbers had climbed for 23 weeks in a row.
Read More »Will GE Chief`s Retirement Derail Baker Hughes Merger?
The European Union'.s regulatory body signed off on the merger last month. The company is still waiting approval from the U.S. Justice Department.
Read More »Russia. Saudis See Oil Inventories Falling After Price Drop
Short-term variations in supply won’t affect the long-term trend of declining inventories. Al-Falih said.
Read More »Baker Hughes Rig Count Climbs for 20th Consecutive Week
The Permian Basin of west Texas and New Mexico has seen the predominant boost in U.S. activity.
Read More »Oil Prices Slide
The pain for OPEC will increase to such a point that 100% compliance is unrealistic.
Read More »Aramco Plans at Least 10 Energy Deals During Trump Visit
Aramco plans to sign an additional agreement with Jacobs Engineering to form a joint venture for project management.
Read More »U.S. Crude Production is Surging. Complicating OPEC’s Efforts to Rebalance the Oil Market
Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.
Read More »Baker Hughes Claims to Have Cut Millions of Dollars off Deepwater Fracking Costs
Baker Hughes have built a new deepwater fracturing tool that it claims can save companies “hundreds of millions of dollars”. The American-based oil service firm announced the new tool. DEEPFRAC. which eliminates certain steps of offshore fracturing operations and induces rapid stimulation of over 20 stages. On a recent job …
Read More »Baker Hughes Introduces Multi-Stage Fracturing Service for Deep Water
Conventional offshore stimulation systems are often limited to only five zones or ‘stages’ and these systems lack configuration flexibility.
Read More »