News: Baker Hughes Inc (BHI.N)

BHI.N on New York Stock Exchange

56.06USD
22 Dec 2014
Price Change (% chg)

$-1.09 (-1.91%)
Prev Close
$57.15
Open
$56.98
Day's High
$56.98
Day's Low
$55.87
Volume
916,210
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1,571,359
52-wk High
$75.64
52-wk Low
$47.51

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Fri, Dec 19 2014

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Oil price bloodbath to spark energy sector buying spree

LONDON - Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shopping spree for smaller rivals, focusing on oil producers and explorers in Africa, Asia and the United States.

Oil price bloodbath to spark energy sector buying spree

LONDON, Dec 19 - Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shopping spree for smaller rivals, focusing on oil producers and explorers in Africa, Asia and the United States.

UPDATE 2-U.S. oil drillers cut rigs, scaling back in Permian - Baker Hughes

Dec 12 - The number of rigs drilling for oil in the United States fell by 29 this week, the biggest weekly drop in two years, as tumbling crude prices continued to threaten energy company revenues.

Halliburton sees $75 million charge for staff cuts after merger

HOUSTON, Dec 11 - Oilfield services company Halliburton expects to take a $75 million charge in the fourth quarter as it trims staff following its planned takeover of rival Baker Hughes, a company official said at Capital One's annual energy conference.

UPDATE 1-US oil drillers add rigs despite low prices -Baker Hughes

Dec 5 - Energy companies added more oil drilling rigs in the United States this week despite a 40 percent slump in crude prices since June, data showed on Friday.

UPDATE 1-U.S. drillers slightly reduce rigs seeking oil -Baker Hughes

Nov 21 - Energy companies reduced the number of rigs drilling for oil in the United States, while shifting more rigs in favor of natural gas, due to weaker crude prices, data showed on Friday.

Exclusive: With Baker Hughes, Halliburton cements leading North Dakota role

WILLISTON N.D. - Halliburton Co's $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters.

Oil price rout to curb U.S. drilling costs even with mega merger

NEW YORK - Low oil prices that threaten producers' profits may be a boon in one way, as they force service companies to keep prices low for the drill bits, cement and piping for oil extraction, even if two of the largest providers of such products merge.

Oil price rout to curb U.S. drilling costs even with mega merger

NEW YORK - Low oil prices that threaten producers' profits may be a boon in one way, as they force service companies to keep prices low for the drill bits, cement and piping for oil extraction, even if two of the largest providers of such products merge.

Oil price rout to curb U.S. drilling costs even with mega merger

NEW YORK - Low oil prices that threaten producers' profits may be a boon in one way, as they force service companies to keep prices low for the drill bits, cement and piping for oil extraction, even if two of the largest providers of such products merge.

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