Later, the partnership agreement between the McDermott and Baker Hughes will be converted to an engineering, procurement, construction and installation (EPCI) contract wherein both the companies will provide optimized and integrated solutions for BP’s project. The agreement marks the first EPCI contract for both McDermott and Baker Hughes in West Africa for BP. (BP) : Free Stock Analysis Report Baker Hughes Incorporated (BHGE) : Free Stock Analysis Report To read this article on Zacks. As such, Baker Hughes and General Electric also closed their merger last year to create one of the world's largest oilfield service providers in terms of revenues.
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Friday, March 16
Date: 16 Mar 18 Time: 17:08
Wednesday, March 14
Tuesday, March 13
Date: 13 Mar 18 Time: 13:28
Baker Hughes partners with McDermott to compete offshore
Baker Hughes and McDermott International said they're partnering to offer integrated offshore energy services in order to better compete with other growing players like Schlumberger and TechnipFMC. Houston's Baker Hughes recently expanded with its recent merger with General Electric's oil and gas business, while Houston-based McDermott is growing with its pending acquisition of The Woodlands' CB&I. Their first partnership announced this week is to provide integrated front-end engineering work for British oil major BP's latest West Africa development offshore of Senegal and Mauritania. "Increasingly, industry players are looking for commercially-innovative business models and integrated offerings that help reduce costs, while increasing efficiency and productivity," said Graham Gillies, vice president of subsea production systems and subsea services at Baker Hughes, a GE company. " James West, an energy analyst with Evercore ISI, said Baker Hughes is responding quicker than expected to continue competing with the top offshore players.
Friday, March 09
Date: 09 Mar 18 Time: 18:10
Baker Hughes Inc (INX:BHI) social chatter is higher than usual
Date: 09 Mar 18 Time: 18:08
U.S. oil drillers cut rigs for first week in seven -Baker Hughes
March 9 (Reuters) - U.S. energy companies this week cut oil rigs for the first time in seven weeks even as crude prices hovered near a three-year high, prompting more drillers to boost spending plans for 2018. Drillers cut four oil rigs in the week to March 9, bringing the total count down to 796, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. RIG-OL-USA-BHI The U.S. rig count, an early indicator of future output, is much higher than a year ago when 617 rigs were active as energy companies have continued to boost spending since mid-2016 when crude prices began recovering from a two-year crash. Download the app to read more Reuters News. In anticipation of higher prices in 2018 than 2017, U.S. financial services firm Cowen & Co said 58 of the roughly 65 exploration and production (E&P) companies they track have already provided capital expenditure guidance indicating an 11 percent increase in planned spending over 2017. Cowen said those E&Ps that have reported spending plans for 2018 expected to spend a total of $80.5 billion in 2018, up from an estimated $72.4 billion in 2017. Analysts at Simmons & Co, energy specialists at U.S. investment bank Piper Jaffray, last week forecast the total oil and natural gas rig count would average 1,015 in 2018 and 1,128 in 2019. So far this year, the total number of oil and natural gas rigs active in the United States has averaged 959. That compares with an average of 876 rigs operating in 2017, 509 in 2016 and 978 in 2015. Most rigs produce both oil and gas.
Wednesday, March 07
Date: 07 Mar 18 Time: 11:00
Baker Hughes, a GE Company Announces February 2018 Rig Counts
Offshore. Total. About Baker Hughes, a GE company. Baker Hughes, a GE companyMedia Relations:Stephanie Cathcart, +1 202-549-6462stephanie.
Story Sourcesuk.finance.yahoo.com businesswire.com digitaljournal.com oilvoice.com oilandgas360.com boereport.com
Friday, March 02
Date: 02 Mar 18 Time: 18:09
U.S. drillers add oil rigs for 6th consecutive week -Baker Hughes
March 2 (Reuters) - U.S. energy companies added oil rigs for a sixth week in a row as crude prices hovered near three-year highs, prompting more drillers to boost their spending plans for 2018. Drillers added 1 oil rig in the week to March 2, bringing the total count to 800, the highest level since April 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. They added rigs for 23 weeks in a row between January and June 2017. The U.S. rig count, an early indicator of future output, is much higher than a year ago when 609 rigs were active as energy companies have continued to boost spending since mid-2016 when crude prices began recovering from a two-year crash. U.S. crude oil production shattered a 47-year output record in November and retreated slightly in December as oil production from shale continued to upend global supply patterns, the U.S. Energy Information Administration (EIA) said in a report this week. For the year, EIA projected in February that total U.S. production will rise to 10.6 million bpd in 2018 and 11.2 million bpd in 2019, up from 9.3 million bpd in 2017. The current all-time U.S. output annual peak was in 1970 at 9.6 million bpd, according to federal energy data.
Thursday, March 01
Date: 01 Mar 18 Time: 09:56
Baker Hughes, a GE company (BHGE): Stock Notable Good EPS Growth For Next Year – Investor News Place
Baker Hughes, a GE company (BHGE) is projected to achieve earnings per share (EPS) growth of 100.00% for this year while EPS growth expected to touch 92.94% for next year. One obvious way to identify high earnings per share growth companies is to find companies that have demonstrated such growth over the past 5 to 10 years. On the other side it is not a negative indicator for Investor portfolio value — when the price of a stock Investor owns moves down in value. Baker Hughes, a GE company (BHGE) stock price performed at a change of -6.50% from 20 day SMA and stands at a distance of -15.92% away from 50 day SMA.
Date: 01 Mar 18 Time: 05:50
Baker Hughes, a GE company Class A (BHGE) Shares Sold by Jennison Associates LLC
Cowen set a $55.00 target price on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Thursday, January 11th. Baker Hughes, a GE company Class A (BHGE) Shares Sold by Jennison Associates LLC – Week Herald. Baker Hughes, a GE company Class A’s dividend payout ratio (DPR) is -1,270.59%. analysts expect that Baker Hughes, a GE company Class A will post 0.82 earnings per share for the current year.
Wednesday, February 28
Date: 28 Feb 18 Time: 23:41
Price Michael F Has $316,000 Holdings in Baker Hughes, a GE company Class A (BHGE)
B. Riley reiterated a “hold” rating and set a $36.00 target price on shares of Baker Hughes, a GE company Class A in a research report on Monday, January 29th. Bank of America dropped their target price on Baker Hughes, a GE company Class A from $36.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 25th. Baker Hughes, a GE company Class A’s dividend payout ratio is currently -209.71%. analysts expect that Baker Hughes, a GE company Class A will post 0.82 earnings per share for the current year.
Key Stats & Ratios
|Quaterly Earnings Growth||N/A|
|Quaterly Revenue Growth||-15.30%|
|Revenue per share||21.90|