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Baker Hughes Reports $10 Billion Loss, Revenue Miss, as Demand Sinks
2020-04-22 15:06:36| OGI
Oilfield firm Baker Hughes Co. reported a $10 billion loss and lower-than-expected revenue in the first quarter on April 22 as an 80% plunge in oil prices crushed demand for services and equipment.
Tags: reports
loss
miss
demand
Baker Hughes Taking $1.5 Billion Charge on Drop in Oil Services
2020-04-14 11:10:00| OGI
Baker Hughes said falling customer demand had led it to reduce its view of the long-term prospects for its oilfield services and equipment unit, resulting in a $15 billion goodwill impairment charge.
Tags: services
taking
charge
oil
Baker Hughes, C3.ai Launch BHC3 Production Optimization Software
2020-02-03 15:04:22| OGI
BHC3 Production Optimization is an AI-based application that allows well operators to view real-time production data, better project future production, and help optimize operations for improved oil and gas production rates.
Tags: software
production
launch
baker
Baker Hughes Profit Misses On Waning LNG Equipment Demand
2020-01-22 14:25:38| OGI
Baker Hughes also reported North America revenue in its oilfield services unit fell 15% from a year earlier to $1.04 billion, echoing results from rivals Schlumberger and Halliburton.
Tags: equipment
demand
profit
baker
Baker Hughes Releases Worldwide Rig Count For November
2019-12-06 16:05:18| OGI
Baker Hughes said Dec. 6 that its international rig count for November dropped by 34 to 1,096, compared to 1,130 in October.
Tags: november
count
releases
worldwide
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