Baker Hughes, Inc. (NYSE:BHI)

Oil drilling rig

Texas and Louisiana Lead Oil Rig Count Much Lower

Oil may have bounced this week -- last seen at $50.05 late on Friday -- but the count of U.S. and North American drilling rigs is still declining. Baker Hughes ...
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Oil drilling rig

Oil Rig Count Falls; Hedge Funds Pile In on Short Positions

In the week ended March 20, the number of rigs drilling for oil in the United States totaled 825, compared with 866 in the prior week and 1,473 a year ...
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Oil drilling rig

Hedge Funds Boost Short Positions as Oil Rig Count Falls Again

In the week ended March 13, the number of rigs drilling for oil in the United States totaled 866, compared with 922 in the prior week and 1,461 a year ...
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oil-jack-pumps

Despite Lower Oil Services Targets, Oppenheimer Still Sees Big Upside

What do Baker Hughes Inc. (NYSE: BHI), Halliburton Co. (NYSE: HAL) and Schlumberger Ltd. (NYSE: SLB) all have in common? A key investment bank, Oppenheimer, is lowering its earnings per ...
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Oil drilling rig

UBS Has 4 Diversified Oil Services Stocks to Buy

Now that the plunge in oil seems to be settling out, and February was the first month since last summer when West Texas Intermediate (WTI) ended the month up, most ...
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Drilling Rig

As Rig Count Falls, Hedge Funds Pile Into Long Crude Futures

In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and ...
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Oil drilling rig

US Drilling Rig Count Declines Slowing

In the week ended February 20, the total number of rigs drilling for oil in the United States came in at 1,019, compared with 1,056 in the prior week and ...
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Houston Ship Channel

$50 Oil Will Cost at Least 1 Million Jobs

A study in 2008 about the collapse of the auto industry in America said the disaster would cost as many as 3 million jobs. The research from the Center for Automotive Research (CAR) covered only those jobs ...
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Drilling Rig

US Drilling Rig Count Dropped by 84 in the Past Week

In the week ended February 13, the total number of rigs drilling for oil in the United States came in at 1,056, compared with 1,140 in the prior week and ...
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Oil drilling rig

Halliburton Will Slash Up to 6,500 Jobs: Report

Halliburton Co. (NYSE: HAL) announced to its employees on Tuesday that the company would lay off between 5,000 and 6,500 employees due to low crude oil prices and the concomitant ...
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Oil drilling rig

US Drilling Rig Shutdowns Continue

In the week ended February 6, the total number of rigs drilling for oil in the United States came in at 1,140, down from 1,223 in the prior week and ...
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Drilling Rig

Weatherford Slashes 8,000 Jobs on Low Crude Oil Prices

Oilfield services company Weatherford International Inc. (NYSE: WFT) reported fourth-quarter results after markets closed on Wednesday, and the company managed to beat earnings per share estimates by a penny, but ...
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Drilling Rig

US Drilling Rig Count at Lowest Point in More Than 5 Years

In the week ended January 30, the total number of rigs drilling for oil in the United States came in at 1,223, compared with 1,317 in the prior week and ...
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Drilling Rig

Baker Hughes, Halliburton Beat the Odds on Earnings

Two of the world’s largest oilfield services companies reported fourth-quarter and full-year 2014 results before markets opened Tuesday. Baker Hughes Inc. (NYSE: BHI) has agreed to be acquired by Halliburton ...
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Sakhalin-1

What to Expect From Halliburton and Baker Hughes Earnings

Leading oilfield services companies Baker Hughes Inc. (NYSE: BHI) and Halliburton Co. (NYSE: HAL) are both scheduled to report their fourth-quarter results Tuesday before the U.S. markets open. This comes ...
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