Baker Hughes Incorporated BHI -3.02% today announced adjusted net income (a non-GAAP measure) for the fourth quarter 2011 of $534 million, or $1.22 per diluted share. This excludes an after-tax charge of $220 million ($0.50 per diluted share) related to the impairment of certain trade names. This compares to $0.77 per diluted share for the [...]
January 24, 2012 | Posted in
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![Offshore Energy 2011: Baker Hughes, Cuadrilla and EBN on Unconventional Gas]()
For the first time, the Offshore Energy conference program will offer a session on unconventional gas. On Wednesday afternoon, October 12th speakers from Baker Hughes, Cuadrilla Resources Nederland , EBN and the University of Groningen will discuss the world wide potential for unconventional gas, possible meanings for the Netherlands’ energy future, and technological developments. [...]
![Xodus Group, Mos Baker Team Up to Launch XMOS in Lagos, Nigeria]()
International energy consultancy Xodus Group today joined forces with Nigerian company Mos Baker to launch a brand new operation in Lagos called XMOS. XMOS brings integrated field development and front end services to the African oil and gas markets with an initial focus on three divisions, process and facilities, flow assurance and subsea engineering. [...]
![Baker Hughes Opens New Facility in Australia]()
Baker Hughes Announced that it has opened a new facility in Welshpool, Australia, to meet growing demand and increased oilfield activity in Australia. Three of the company’s service lines–pumping services, tubular services, and process and pipeline services–are now housed in the new 340,000-square-foot facility. Major growth in the region prompted the company to expand its [...]
![Norway: Baker Hughes to Provide Integrated Services to Norway Consortium]()
Baker Hughes announced today it has been awarded a multimillion dollar integrated project for the Borgland Dolphin Consortium (BDC) in Norway. The contract covers an initial three-year period for a full exploration program on the Norwegian continental shelf encompassing 15 wells. Under the terms of the contract, Baker Hughes will provide service integration and planning [...]
October 20, 2010 | Posted in
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![Baker Hughes Awarded Eight-Year ESP Contract in Ecuador Worth $137 million]()
Baker Hughes announced today it was awarded a $137-million, eight-year contract extension from Repsol for the exclusive supply and maintenance of electrical submersible pumping (ESP) systems in Ecuador’s Block 16 and Tivacuna production areas. The award covers 200 wells in which Repsol requires ESP systems to maximize production. Baker Hughes has supplied ESP systems for [...]
![USA: Baker Hughes Appoints Martin Craighead President and Chief Operating Officer]()
Baker Hughes Incorporated announced today that effective immediately, Martin Craighead is promoted to the position of President and Chief Operating Officer (COO). “Martin’s leadership has been a major factor in the successful implementation of the geomarket reorganization and in executing our strategy to achieve long-term profitable growth,” said Chad Deaton, Chairman and Chief Executive Officer [...]
![Baker Hughes Rotary Rig Counts for June 2010]()
Baker Hughes Incorporated announced that the international rig count for June 2010 was 1,099, up 9 from the 1,090 counted in May 2010, and up 132 from the 967 counted in June 2009. The international offshore rig count for June 2010 was 312, up 14 from the 298 counted in May 2010 and up 45 [...]
July 8, 2010 | Posted in
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![USA: Baker Hughes to Sell Certain Gulf of Mexico Assets to Superior Energy]()
Baker Hughes Incorporated (“Baker Hughes”) announced today that its subsidiaries have signed an agreement to sell a package of assets including two stimulation vessels (the HR Hughes and Blue Ray) and certain other assets used to perform sand control and stimulation services in the US Gulf of Mexico to a subsidiary of Superior Energy Services, [...]
![Scotland: Baker Hughes Opens Eco-Centre Waste Management Facility]()
This purpose-built waste processing center provides an unparalleled level of environmental compliance from the rig to final disposal. Baker Hughes opened its Eco-Centre™ waste management facility in Peterhead, Scotland, today, providing the North Sea oil and gas industry with the highest level of environmentally compliant waste processing services from the rigsite to final disposal. For [...]
