Tag Archives: Baker Hughes

The recent US oil rig peak of 1.609 was in October 2014. at a time oil prices had fallen to the mid-$80s b.

ADNOC Drilling deal with Baker Hughes would allow the US firm to expand in the Middle East.

U.S. output will likely rise further this year. towards or past Russia'.s 11 million bpd. as its energy firms keep drilling for more.

Oil turns higher as dollar moves. looming decision on Iran sanctions tug at market.

U.S. crude inventories rose by 3.4 million barrels to 432.575 million in the week to March 27.

Concerns rise that US exit from nuclear deal with Tehran will result in sanctions on Iranian oil and reduced exports.

The Aramco board meets next in early May in Houston. where they will review the latest IPO developments.

U.S. President Donald Trump has until May 12 to decide whether to restore the sanctions on Iran that were lifted after an agreement over its disputed nuclear programme.

A surplus in global oil inventories is also close to evaporating. OPEC said on Thursday.

It is the second contract signed by Iraq to process gas associated with oil. after one with U.S. energy firm Orion in January.