Tag Archives: Baker Hughes

Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.

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 …

Conventional offshore stimulation systems are often limited to only five zones or ‘stages’ and these systems lack configuration flexibility.

The market is bearish because sentiment has turned

The oil market remains focused on the global rebalancing act.

Reuters reported. A two-rig rise in the oil rig count in the United States. the ninth weekly increase in a row. as reported by oilfield services provider Baker Hughes Inc. added to bearish sentiments.