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    News and Articles on Baker Hughes (BHI)

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    Relief at pump may come at high price  Jan 6, 2009
    According to Baker Hughes, in 2005 Montana had an average of 25 active oil and gas drilling rigs. Last weeks count was 10 drilling rigs. (Williston Daily Herald, ND)

    A year after US$100, oil prices cut in half  Jan 3, 2009
    Baker Hughes Inc. reported Friday the number of rigs actively exploring for oil and natural gas in the United States fell by 98 last week to 1,623. That's nearly 16 percent fewer rigs at work than when oil prices peaked in July, and 9 percent below the year-ago figure. (The Star Online, Malaysia)

    Market Winners & Losers: Hess, Dow Chemical  Dec 30, 2008
    Baker Hughes Inc. (BHI). BHI was another beneficiary of rising oil prices, the drilling equipment and service provider gained 5. (Fox News)

    Number of active oil rigs drops by 43  Dec 26, 2008
    Of the rigs running nationwide, 1,347 were exploring for natural gas and 364 for oil, Houston-based Baker Hughes Inc. reported Friday ... Baker Hughes has tracked rig counts since 1944. (KSLA.com, LA)

    Siemens to pay $1.3 billion in fines  Dec 16, 2008
    The Baker Hughes settlement took five years, but Siemens, determined to end a persistent distraction to a new management team, pulled it off in less than two ... The next-highest fine imposed by U.S. authorities for bribery was $48 million, paid by the oil field services company Baker Hughes in 2007. (International Herald Tribune)

    Oil firm sidesteps sanctions on Iran  Dec 7, 2008
    "The lawyers said, 'It's your job to design it. Let us worry about the patents,' " said Kurkoski, who is now employed by Baker Hughes, a competitor of Schlumberger. Kurkoski said the team swiftly designed the device, which uses five curies of americium-241, a radioactive chemical that comes from nuclear weapons production. (Boston Globe)

    Number of active oil rigs drops by 14  Dec 6, 2008
    Baker Hughes in Houston says one year ago the rig count stood at 1,828 ... Baker Hughes has tracked rig counts since 1944. (KSLA.com, LA)

    Bargain Stocks for Black Friday: Halliburton  Nov 29, 2008
    The company I have in mind is Halliburton (NYSE: HAL), the second-largest factor in the oilfield service group behindSchlumberger (NYSE: SLB) and immediately ahead of Baker Hughes (NYSE: BHI) and Weatherford (NYSE: WFT). With energy having demonstrated in spades over the past year that its reputation for cyclicality remains justified, Halliburton shares are currently trading about 70% below their 52-week high. (MSNBC -- Business)

    Larger Foreign Corrupt Practices Act Fines Ahead  Nov 25, 2008
    U.S. v. Baker Hughes Inc., No. 07-00130 (S.D. Texas). Enforcement actions related to the law are typically filed in court when a settlement has been reached. (Law.com)

    BroadVision Develops New Phil@Poste Website in Record Time  Nov 19, 2008
    Hundreds of organizations, serving over 50 million registered users -- including Baker Hughes, BioRad Laboratories, Epson America, Hilti, Iberia, ING Bank, PETCO, Prime Polymer, Vodafone, and Xerox -- rely on BroadVision as their solution of choice for e-business. For more information about BroadVision, Inc., call +1 650-331-1000, +33 (0) 1 71 18 27 11, email to or visit. (Primezone Releases)

    Lonrho Raises 15.6 Million to Continue the Development of its Core Businesses  Nov 12, 2008
    Long term contractual clients now operating from the port include Exxon Mobil; Baker Hughes; Amerada Hess; Schlumberger and SBM with Noble and others mobilising. Luba is owned 63% by Lonrho and 37% by the Government of Equatorial Guinea. (allAfrica.com)

    DIRECTV Group Promotes Patrick T. Doyle to Executive Vice President, Finance  Nov 7, 2008
    Previously, Doyle worked for oilfield services company Baker Hughes and public accounting firm Deloitte & Touche. About the DIRECTV Group. (Yahoo! Wire -- Entertainment News)

    History's biggest margin call  Oct 28, 2008
    3bn, Baker Hughes $1. 25bn, National Rural Utility Cooperative $1. (Asia Times Online)

    Nigeria:Corruption Agency Probes U.S. Firm Halliburton  Oct 27, 2008
    com: Nigeria: Halliburton Scam - EFCC Seeks Clues From Abroad (Page 1 of 1). Use our pull-down menus to find more stories. (allAfrica.com)

    Investors fear another credit squeeze  Oct 26, 2008
    Investment-grade companies like Pepsi Bottling Group and Baker Hughes have been able to sell bonds recently, but four weeks have passed without any debt issuances from non-investment grade companies, noted John Atkins, a fixed-income analyst at IDEAGlobal. com. (Business Report, South Africa)

    Baker Hughes Announces Pricing of $1.25 Billion of Senior Notes  Oct 24, 2008
    Baker Hughes Announces Pricing of $1 ... Baker Hughes Announces Pricing of $1 ... HOUSTON, Oct. 23 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: ) announced today that it has sold $500 million of 6. (PR Newswire)

    Best Corporate Counsel - Winners  Oct 23, 2008
    Jay Martin Baker Hughes Inc.. Christine LaFollette, Akin Gump Strauss Hauer & Feld LLP, nominated Jay Martin of Baker Hughes Inc. for the Outstanding Associate or Assistant Corporate Counsel because. (Houston Business Journal, TX)

    Oil Companies Take Steady, Careful Approach to '09  Oct 23, 2008
    Oilfield services company Baker Hughes Inc , on the other hand, missed Wall Street estimates and its shares plunged 22 percent. Yet Baker Hughes executives told analysts they could maintain capital spending or even raise it depending on how 2009 shapes up, and they would have a clearer view on that in the next month or so as clients set budgets ... Baker Hughes would tighten up hiring practices and reduce money tied up in working capital, which until recently had been of little concern as energy... (ABC News -- Wire)

    Schlumberger Slumps  Oct 19, 2008
    Shares of Baker Hughes (nyse: - - ) lost 51 cents, or 1. 4% to $36. (Forbes -- Markets)

    Schlumberger Paints A Dark Picture  Oct 19, 2008
    Shares of Baker Hughes (nyse: - - ) lost $2. 22, or 6. (Forbes -- Markets)

    5-Star Stocks Poised to Pop: Schlumberger  Oct 15, 2008
    Baker Hughes (NYSE: BHI). CAPS members bullish on SLB also bullish on. (MSNBC -- Business)

    Houston Immigration Firms to Merge in 2009  Oct 15, 2008
    Foster says his firm's clients include Houston companies Schlumberger Ltd., Baker Hughes Inc. and HISD.. Quan says merger talks started more than a year ago when Judy Lee, a partner in Quan Burdette, started chatting with Magali Candler, a Tindall & Foster shareholder, on an airplane when both were returning to Houston from a conference for immigration lawyers. (Law.com)

    Former SG Olson: Whole Foods Ruling 'Turned Antitrust Law on Its Head'  Oct 10, 2008
    "As if in a time warp, the Panel eclipsed decades of leading cases -- including this court's decision in Heinz and Baker Hughes, which require an analysis of the competitive effects of a merger under modern economic principles -- and dusted off a series of cases dating back to the 1960s that have long been discarded by modern antitrust decisions," writes Olson, a partner at Gibson, Dunn & Crutcher. Citing Judge Brett Kavanaugh's dissenting opinion, Olson says the majority opinion, written by... (Law.com)

    Like Money in the Bank  Oct 8, 2008
    Baker Hughes () shares are cheaper still, at 8. 7 times estimated earnings for 2009; its shares have fallen nearly 40% in the past year. (SmartMoney)

    Excel version  Oct 3, 2008
    00\) ' " "$"#,##0.00_);[Red]\("$"#,##0.00\) 7 * 2 _("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_) . ) ) _(* #,##0_);_(* \(#,##0\);_(* "-"_);_(@_) ? , : _("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_) 6 + 1 _(* #,##0.00_);_(* \(#,##0.00\);_(* "-"??_);_(@_) "Yes";"Yes";"No" "True";"True";"False" "On";"On";"Off" + ) , ... (Investors Business Daily)

    Tech a family tradition  Sep 21, 2008
    The Montana Standard. The Montana Standard. (Montana Standard, MT)

    American International Industries, Inc. Announces Definitive Asset Purchase Agreement With Shumate Industries, Inc. to Acquire Shumate Machine Works, An Energy Related Company  Sep 3, 2008
    The purchase will be accounted for as an asset purchase, and the assets of SMW will be owned by a wholly-owned AMIN subsidiary named Shumate Energy Technologies, Inc. SMW manufactures highly specialized equipment for energy industry customers including Baker Hughes, Halliburton Energy Services, Smith International, National Oil Well Varco, BJ Services Company, Canrig Drilling Technology, a Nabors Industries company, Enventure Global Technologies, FMC Technologies, Oceaneering Intervention... (Primezone Releases)

    Energy services companies among those eager to tackle natural gas work  Aug 31, 2008
    Major oil field services firms, including Schlumberger, Halliburton and Baker Hughes, also see big opportunity and are jockeying to get their share of the work ... "It's kind of touted as the next gold rush, yet there are some people who are very concerned will it come to pass?" said Joe DeGeare, manager of the eastern U.S. area at Baker Hughes' oil tools division ... Houston's Baker Hughes has not said it will increase 2008 spending, but DeGeare said the third-largest oil field services company... (Houston Chronicle)

    Business briefs  Aug 31, 2008
    Of the rigs running nationwide, 1,594 were exploring for natural gas and 395 for oil, Houston-based Baker Hughes Inc. reported Friday. Nine were listed as miscellaneous. (Casper Star-Tribune, WY)

    Mutual Funds &Personal Finance  Aug 28, 2008
    Those included National Oilwell Varco, () Peabody Energy () and Baker Hughes. () But now that the sector has backed off its run, Brooks is starting to scale back energy. (Investors Business Daily)

    Precision Drilling buys Grey Wolf  Aug 26, 2008
    The number of rigs searching for oil and gas onshore in North America rose by 11 per cent in July from a year earlier to 2,276, according to data released by Baker Hughes. Precision did not give details on potential cost savings or profitability from the deal but said the transaction is expected to be highly accretive to Precision's cash flow per unit. (Globe and Mail)

    Precision Drilling Said to Sign Agreement to Acquire Grey Wolf  Aug 25, 2008
    Precision will gain 121 rigs, mostly drilling for natural gas in the U.S., where rigs in operation have risen 13 percent this year to a record 1,998, according to weekly counts by Baker Hughes Inc. Canadian rigs have fallen 13 percent since a high of 457 were operating in February. Prices Tumble. (Bloomberg)

    US oil and gas rig count up by 8  Aug 23, 2008
    Of the rigs running nationwide, 1,594 were exploring for natural gas and 395 for oil, Houston-based Baker Hughes Inc. reported Friday ... Baker Hughes has tracked rig counts since 1944. (Rapid City Journal, SD)

    Baker Hughes to Present at the Lehman Brothers 2008 CEO Energy/Power Conference  Aug 20, 2008
    HOUSTON, Aug. 19 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: ) announced today that Chad Deaton, Baker Hughes' president, chairman, and chief executive officer, will present at the Lehman Brothers 2008 CEO Energy/Power Conference in New York, New York on Wednesday, September 3, 2008 at 11:05 a.m. eastern time ... Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry ... SOURCE Baker... (PR Newswire)

    Richard Grigg Appointed Senior Vice President and Managing Director of Pacific Asia Petroleum, Inc.  Aug 8, 2008
    These companies include Sperry Sun (now part of the Halliburton Group), Core Laboratories, Dowell Schlumberger (now Anadrill and part of the Schlumberger Group), and Eastman Whipstock (now BH/Inteq and part of the Baker Hughes Group). Mr. Grigg started his career in 1970 with West Australian Petroleum (WAPET), then owned by Texaco Inc. and Chevron Corporation, and worked on the Barrow Island oilfield development gaining invaluable grass roots experience in all aspects of bringing an oilfield to... (Primezone Releases)

    Exxon told to pay $7bn for oil spill  Jul 30, 2008
    baker hughes in research, development, manufacturing, field operations, sales, finance, it, marketing and human resources. title: product & service reliability. (Yahoo News -- Oil Spills)

    M&A Deal Boosts Biotech Fund  Jul 22, 2008
    M Boosts Biotech Fund (Wells Fargo, Yahoo, Merck, Schering-Plough, Genentech, Roche, Biotech HOLDRs, iShares Dow Jones Broker-Dealers, Apple, SPDR Select Technology, ATrosoft, Cisco) at SmartMoney. Tuesday July 22, 2008 10:11 AM ET. (SmartMoney)

    Bismarck Tribune Breaking News N.D. prominent again in national rig count  Jul 19, 2008
    Baker Hughes Inc. never stopped counting oil rigs in North Dakota, but in 1998 the company removed the state from its list of those with major drilling activity ... Baker Hughes at the time cited a lack of drilling in North Dakota ... "There's been a lot of activity going on up there in terms of the Bakken," said Gene Shiels, assistant director of investor relations for Baker Hughes. (Bismarck Tribune, ND)

    On the Rebound  Jul 19, 2008
    Financial ETFs End Week in the Black (Microsoft, Google, Merrill Lynch, Citigroup, IBM, Freddie Mac, Fannie Mae, Wells Fargo, SPDR Select Financials, iShares Dow Jones U.S. Financial Services, SPDR Sbuilders, Market Vectors Coal, United States Gasoline, United States Oil, Wachovia, Washington Mutual, DuPont, Caterpillar, UPS DuPont, UnitedHealth) at SmartMoney. Saturday July 19, 2008 9:33 AM ET. (SmartMoney)

    U.S. oil and gas rig count up by 8  Jul 3, 2008
    Of the rigs running nationwide, 1,539 were exploring for natural gas and 373 for oil, Houston-based Baker Hughes Inc. reported Wednesday ... Baker Hughes released the rig count two days earlier than usual because of the Fourth of July holiday Friday ... Baker Hughes has tracked rig counts since 1944. (Rapid City Journal, SD)

    American International Industries, Inc. Announces Letter of Intent to Purchase Shumate Machine Works, An Energy Related Company  Jun 26, 2008
    Shumate Machine Works manufactures highly specialized equipment for energy industry customers including Baker Hughes, Halliburton Energy Services, Smith International, National Oil Well Varco, BJ Services Company, Canrig Drilling Technology, a Nabors Industries company, Enventure Global Technologies, FMC Technologies, Oceaneering Intervention Engineering, Shell Development, Weatherford International and other energy related companies. SMW produces complex assemblies, including expandable tubing... (Primezone Releases)

    The Energy Underworld  Jun 12, 2008
    Baker Hughes (nyse: - - ), a Houston oil services company, pleaded guilty last year to making improper payments to secure work in Kazakhstan ... Baker Hughes paid $44 million in fines and forfeitures, the biggest FCPA penalty ever. (Forbes -- Business)

    METRO vanpool ridership skyrockets  Jun 4, 2008
    Baker Hughes, for one, offers employees monthly incentives. Many of them get free rides. (KHOU.com, TX)

    Baker Hughes settles patent agreement with ReedHycalog  May 23, 2008
    Meanwhile, ReedHycalog has agreed to pay royalties for the license of certain Baker Hughes (NYSE: BHI) patented technologies. Latest News. (Houston Business Journal, TX)

    America's Bosses Bet On Clinton  May 17, 2008
    After his convincing victory in North Carolina, Barack Obama is now the presumptive Democratic nominee. In terms of delegates and the overall popular vote, the math favors. (Forbes -- Business)

    Forget Ironman, Wyo's got iron roughnecks  May 11, 2008
    The number of active rotary rigs in Wyoming increased slightly to 71 compared to 66 two weeks ago, according to Baker Hughes. That's a slower springtime increase than in years past. (Casper Star-Tribune, WY)

    Honeywell unveils tough semiconductor  May 8, 2008
    Oil- and gas-exploration companies such British Petroleum, Baker Hughes and Schlumberger were among eight industrial companies that helped fund the research. Honeywell Aerospace is a division of Honeywell International Inc. of Morris Township, N.J.. (AZCentral -- Business)

    Wall St lower amid mixed earnings news  Apr 23, 2008
    69, Baker Hughes lost 0. 9 per cent to $81. (FT.com -- Markets)

    Baker Hughes Announces First Quarter Results  Apr 22, 2008
    HOUSTON, April 22 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) today announced that net income for the first quarter 2008 was $395 ... Chad C. Deaton, Baker Hughes chairman, president, and chief executive officer said, "Results from North America were better than expected. Improving fundamentals for natural gas reflected in lower storage levels, higher natural gas prices, increased oil-directed drilling, and announcements by Eators of spending increases support higher drilling... (PR Newswire)

    Grey Wolf will buy Basic Energy for $1.4 billion  Apr 22, 2008
    Dingmann said the deal is part of a burgeoning trend of oil field services companies teaming up to offer more one-stop shopping so they can compete better with conglomerates like Halliburton Co., Schlumberger and Baker Hughes. In December, National Oilwell Varco announced plans to buy Grant Prideco in a $7. (Houston Chronicle)

    Conference proves to be global success  Apr 12, 2008
    For example, Baker Hughes told us some specific details about what they got penalized for. You can t learn things like that from books alone. (Pasadena Citizen, TX)

    San Jac sets international business, logistics conference  Apr 1, 2008
    Sponsors include Lyondell, Mediterranean Shipping, Oilog Inc., PC Data Services, Roberts International Marketing, Total Comfort, Transportation Club of Houston, Clark Freight Lines, Excargo Services, G& H Towing, HEB, Hoyer Global Transport, Cariserve, Century Freight Corporation, CEVA Freight Management, Baker Hughes and Broussard Logistics. One day these conferences will not be voluntary anymore, said Cohen. (Pasadena Citizen, TX)

    Production Enhancement Group announces 2007 annual results: revenue grows by 50% from USD 21.0 million to USD 31.5 million; reorganization to benefit 2008  Apr 1, 2008
    Prior to that, he served in significant operational roles with Baker Hughes. The Company announced the departure of its previous CEO in October 2007. (PR Newswire)

    How to Be Exactly Wrong  Mar 30, 2008
    Baker Hughes (NYSE: BHI). Wall St. Strategies. (MSNBC -- Business)

    San Jac North hosts international business, logistics conference  Mar 29, 2008
    Included are Special Agent William Carter of the Federal Export Enforcement Department of Commerce, Andrew Pidgirsky of the Adams and Reese law firm, Bobby Butler of Baker Hughes, and Ted Henderson, senior vice president of CEVA Logistics. Breakout sessions will include: *International Transportation Issues, presented by Ana Flores of Hoyer-Global. (North Channel Sun, TX)

    Pluspetrol Peru Oilfield Protests Leave One Dead, 27 Wounded, 52 Arrested  Mar 25, 2008
    Houston-based Baker Hughes spokesman was unable to elaborate in a phone interview. Crude oil for May delivery fell 98 cents to $100. (Bloomberg -- Latin America)

    ‘High School Musical’ star Corbin Bleu to appear at Children’s Festival  Mar 22, 2008
    Designated as "Houston s Official Family Celebration," the H-E-B Houston Children s Festival, presented by Baker Hughes, is gearing up for its 20th year ... The nonstop fun continues in the exciting, interactive Family Adventure Zones, including the H-E-B Kid s Kingdom, featuring Child Advocates Inc., Baker Hughes Circus Town, EarthZone, by Shell & Motiva, Chevy Safety Zone, McDonald s Family Fitness Zone, Wells Fargo Great American Barnyard, SABIC Monster Math Zone, Healthy Kid Zone, presented... (Woodlands Villager, TX)

    Industry: Rig count may be misleading  Mar 10, 2008
    "The Gulf (rig count) is kind of a head-scratcher," said Gene Shiels, assistant director of investor relations at Baker Hughes Inc., the Houston company that has conducted industrywide rig counts since 1944. Shiels said new regulations implemented by the U.S. Minerals Management Service after the 2005 hurricane season might have discouraged some activity in the Gulf. (The Advocate)

    High Oil Prices, ROIC Should Fuel Schlumberger  Feb 29, 2008
    Sign up now for FREESmartMoney. com Newsletters Enter your email address below. (SmartMoney)

    Phoenix Reports Record Revenue and Activity for the Year Ended December 31, 2007 and Reports on Financial Results for the Three-Month Period and Year Ended December 31, 2007  Feb 28, 2008
    (Source: Baker Hughes) Horizontal and directional drilling activity accounted for approximately 44 percent of the total wells drilled in 2007 as compared to 40 percent in 2006 ... (Source: Baker Hughes). (CCNMatthews Press Releases)

    Professional violinist performs at Mission West Elementary  Feb 12, 2008
    The program was funded by the Young Audience of Houston Assistance Fund and donations made to ARTreach by Baker Petrolite, a division of Baker Hughes Incorporated supporting children at risk in Greater Fort Bend County. Houston Community Newspapers Online 2008. (Fort Bend Southwest Sun, TX)

    BroadVision annonce les rsultats fructueux de son quatrime trimestre et de l'exercice 2007  Feb 8, 2008
    Des centaines d'organisations desservant plus de 50 millions d'utilisateurs inscrits dont Baker Hughes, BioRad Laboratories, Citibank, Epson America, Fiat, Hilti, Iberia, ING Bank, Prime Polymer, Renault, Sony, Standard Bank of Argentina, Vodafone et Xerox ont choisi BroadVision comme plateforme de pr. dilection pour le commerce. (BusinessWire)

    BroadVision gibt Gewinnergebnisse fr das vierte Quartal und das Jahr 2007 bekannt  Feb 8, 2008
    Hunderte von Organisationen mit mehr als 50 Millionen angemeldeten Nutzern darunter u. a. Baker Hughes, BioRad Laboratories, Citibank, Epson America, Fiat, Hilti, Iberia, ING Bank, Prime Polymer, Renault, Sony, Standard Bank of Argentina, Vodafone und Xerox vertrauen auf BroadVision als die bevorzugte Plattform f. r ihr E-Business. (BusinessWire)

    Baker Hughes' Expensive Pair of Pennies  Feb 2, 2008
    It didn't quite meet the dart throwers' expectations, but Baker Hughes merits your attention ... But for Baker Hughes (NYSE: BHI), that wasn't quite good enough, and the market told the company so in no uncertain terms ... The conundrum for Baker Hughes, as with virtually all other oilfield services operators, including Schlumberger (NYSE: SLB), BJ Services (NYSE: BJS), Halliburton (NYSE: HAL), and Weatherford (NYSE: WFT), is the increasing disparity between activity levels in North America and... (MSNBC -- Business)

    Advanced Energy Consortium will develop micro and nanosensors to boost energy production  Jan 16, 2008
    Members of the privately funded consortium include BP America Inc., Baker Hughes Incorporated, ConocoPhillips, Halliburton Energy Services Inc., Marathon Oil Corp., Occidental Oil and Gas, and Schlumberger. The Bureau of Economic Geology will manage the Houston-based AEC on behalf of the funding members. (EurekAlert! -- Business News)

    Baker Hughes Names Jan Kees van Gaalen Vice President and Treasurer  Jan 10, 2008
    HOUSTON, Jan. 9 /PRNewswire/ -- Baker Hughes Incorporated announced today that Jan Kees van Gaalen, has been appointed vice president and treasurer for Baker Hughes Incorporated and is expected to assume his duties on January 14, 2008 ... Peter A. Ragauss, Baker Hughes senior vice president and chief financial officer, said "We are pleased that Jan Kees van Gaalen is joining the Baker Hughes management team. Jan Kees is a seasoned finance executive and brings with him a wealth of experience in... (PR Newswire)

    Baker Hughes Announces December 2007 Rig Counts  Jan 9, 2008
    HOUSTON, Jan. 8 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for December 2007 was 1,036, up 44 from the 992 counted in November 2007, and up 85 from the 951 counted in December 2006 ... Land OS Total Land OS Total -------------------------------------------------------------------------- Europe 31 46 77 6 34 37 71 26 39 65 Middle East 235 39 274 9 235 30 265 226 29 255 Africa 58 16 74 5 51 18 69 47 20 67 Latin America 294 76 370 30... (PR Newswire)

    Fiat Automobiles Expands BroadVision e-Business Platform to Sustain Increasing Web Traffic During Launch of ''Fiat 500''  Jan 8, 2008
    Hundreds of organizations, serving over 50 million registered users including Baker Hughes, BioRad Laboratories, Epson America, Fiat, Hilti, Iberia, ING Bank, Prime Polymer, Renault, Sony, Standard Chartered Bank, Vodafone, and Xerox rely on BroadVision as their platform of choice for e-business. For more information about BroadVision, Inc., call 650-331-1000, email or visit. (BusinessWire)

    Fowler and Peth builds in Evansville  Jan 6, 2008
    The area has seen a considerable amount of activity recently, including new Baker Hughes Inteq and Budget Blinds buildings. Fowler and Peth is a distributor of roofing, waterproofing, insulation and general building materials. (Casper Star-Tribune, WY)

    Production Enhancement Group appoints CEO  Dec 25, 2007
    In addition, he spent 22 years with Baker Hughes Incorporated in various capacities within well servicing where he had annual revenue responsibilities ranging from US$20 million to US$300 million. Clifford McFarland, Chairman of the Special Committee formed to identify a new CEO for the Company, said PEG is excited to have Mr. Cobb rise to the role of CEO. "In a short time, Don has implemented significant improvements within WISE's core operations, focusing on operating efficiency and... (PR Newswire)

    U.S. expands enforcement of anti-bribery laws at home and abroad  Dec 20, 2007
    This year, for example, Baker Hughes, a major oilfield-services provider, agreed to pay $44. 1 million to resolve criminal and civil charges over a bribery scheme in Kazakhstan. (International Herald Tribune)

    An Oilfield Services Sponge  Dec 19, 2007
    It also faces off against Tenaris (NYSE: TS) and Vallourec in the market for premium tubular products, and Grant's drill bits compete with those of Baker Hughes (NYSE: BHI) and Halliburton (NYSE: HAL). Nevertheless, the high-margin drill pipe business seems to be what NOV desires the most. (MSNBC -- Business)

    U.S. Expands Foreign-Bribery Probes, Targeting Nigeria, Kazakhstan Payoffs  Dec 19, 2007
    This year, for example, Baker Hughes Inc., the world's third-largest oilfield-services provider, agreed to pay $44. 1 million to resolve both criminal and civil charges over a bribery scheme in Kazakhstan. (Bloomberg -- US)

    National Oilwell Builds a Drilling Powerhouse  Dec 18, 2007
    Grant Prideco is the third largest manufacturer of drill bits, behind Baker Hughes Inc. () and Smith International (), and historically oilfield service operators have played these producers off each other in order to get lower prices, he said. Unlike some other parts of the energy industry, where smaller players are at a disadvantage to companies of larger size and ability to take on bigger projects, very small companies in the contract drilling marketplace have managed to do quite well,... (BusinessWeek)

    Rise in oil prices a boon to drilling-equipment companies  Dec 18, 2007
    Oil prices hovering around $90 a barrel are doing a lot more for shareholders of Cameron International and Baker Hughes than for investors in Exxon Mobil and Chevron ... Their difficulties are making the Houston companies Cameron and Baker Hughes richer: They provide the valves, pumps and fluids needed to extract crude from the oceans ... Halliburton, a large oil field contractor, will gain 30 percent in the next 12 months in New York trading, and Baker Hughes will advance 26 percent, according... (International Herald Tribune -- Business Asia)

    Bribery probes seen changing oil services business  Dec 15, 2007
    Chad Deaton, the CEO of oil services company Baker Hughes Inc, which pleaded guilty to FCPA violations earlier this year, said his company has good compliance controls in place, but the industry is due for big changes ... In fact, Deaton said that he has already seen some of Baker Hughes' customers in a lot of areas make positive changes. (San Diego Union-Tribune -- Business)

    Baker Hughes Names Nelson Ney as President of Centrilift  Dec 14, 2007
    HOUSTON, Dec. 13 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: ; EBS) announced today that Nelson Ney has been appointed President of Centrilift and Vice President of Baker Hughes Incorporated effective immediately, succeeding Charles S. "Charlie" Wolley who is leaving the company ... He joined Baker Hughes as Marketing Manager in Colombia in 1991 ... Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the... (PR Newswire)

    more »  Dec 9, 2007
    These 32 companies are also active in White County: Artexoma Logistic; Baker Hughes; Beck Oil Field Supply; Cenoke Pipeline; Central Oklahoma Pipeline; Circle K; DEPPCO; G.C. Boots Smith; Global Geophysical Exploration Distribution; High Country Energy; Integrity; Jet; Kinder Morgan/Natural Gas Pipelines; KSW Oil; Land Star Light Towers; Lide Industries; Melvin and Donald (MAD); Mudhopper Oilfield Services; Scientific Drilling; Scooner Pipe Company; Spirit Drilling Fluids; Sunvest Mud Company;... (Searcy Daily Citizen, AR)

    Lonrho to Develop New 110mtr Quay at Luba Freeport to Meet Rapidly Growing Demand  Dec 8, 2007
    The new quay will provide additional access, larger handling capacity and faster vessel turn around to ExxonMobil and other port users such as MI Swaco, Baker Hughes, Schlumberger, SBM, and Lonrho's 51% owned container shipping line, SA Liners Limited. David Lenigas, Lonrho's Chairman stated. (allAfrica.com)

    // • • • • • • • • Company In The News:• Dril-Quip: Offshore Gear Is In Demand As Oil Search Goes Offshore  Nov 27, 2007
    " With healthy demand for subsea production equipment, Dril-Quip continues to see its backlog rise, West adds. Equipment It Makes Subsea equipment is anything connected to the seabed. Dril-Quip also makes surface equipment, used mainly for flow control on offshore production platforms. It also makes offshore rig equipment. Executives weren't available. But the company's backlog at Sept. 30 was about $457 million, up from roughly $288 million the prior year. Dril-Quip had a strong showing during... (Investors Business Daily)

    Nigeria: Will Govt Act on German Bribery Scandal? [analysis]  Nov 24, 2007
    Another case involved Baker Hughes Energy where an employee of the company in the United States sued the company for allegedly sacking him for refusing to pay bribes to Nigerian officials. The suit was later settled out of court by the company where the company agreed to comply with the terms of the settlement that the former employee demanded. (allAfrica.com)

    Pure Energy-2007 Third Quarter Financial Statements and M D & A  Nov 13, 2007
    (3) Source - Baker Hughes Weekly Rotary Rig Count ... (3) Source - Baker Hughes Weekly Rotary Rig Count. (CCNMatthews Press Releases)

    business briefs  Nov 11, 2007
    Of the rigs running nationwide, 1,459 were exploring for natural gas and 337 for oil, Houston-based Baker Hughes Inc. reported Friday. Five were listed as miscellaneous. (Casper Star-Tribune, WY)

    Microsoft and Novell Celebrate Year of Interoperability, Expand Collaboration Agreement  Nov 8, 2007
    The full list is as follows: Abraxas Informatik AG; ADIF; AFG IT Consulting; Arsys Internet S.L.; Baker Hughes; BATS Trading Inc.; State of California Department of Technology Services; Cash Converters International Ltd.; CHRISTUS Health; The Church of Jesus Christ of Latter-day Saints; City of Los Angeles; CompuCom Systems Inc.; Conductor Tecnologia S.A.; Costco Wholesale Corp.; Flagstar Bank; iLoop Mobile Inc.; Leicester City Council; Kent County, Mich. Mercury Insurance; Pioneer Corp.;... (PR Newswire)

    To The Point  Oct 28, 2007
    Baker Hughes misses, cautions ... Baker Hughes' () sales grew 16% to $2. (Investors Business Daily)

    Archives: Baker Hughes

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