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Baker Hughes Incorporated (NYSE:BHI) Cuts 17% Of Staff, Closes Facilities

On Tuesday morning, Baker Hughes Incorporated (NYSE:BHI) reported that it had trimmed its labor force by 17% within the first quarter of the 2015 financial year as it closed over 140 facilities. The company’s performance in the first quarter was lower than the projections of Wall Street. So far, the company has trimmed 10500 job […]

Halliburton Company (NYSE:HAL) Feels Pain Of Lower Oil Prices

Halliburton Company (NYSE:HAL) experienced losses in 1Q2015, in light of the reduced oil prices. Halliburton is ranked second in oil-field services. The oil field service provider that is based in Houston Texas claims that its clients have brought down their crisis and were in the pursuit of price discounts. The company’s chief executive said that […]

Halliburton Company (NYSE:HAL) Hires Bank of America Corp (NYSE:BAC) And Deutsche Bank AG (USA)(NYSE:DB) For Asset Sales

Halliburton Company (NYSE:HAL) reported that it hired Bank of America Corp (NYSE:BAC) and Deutsche Bank AG (USA)(NYSE:DB) for asset sales. The two banks will help the company in the sale of two businesses. The assets are valued around $5 billion collectively. The move Following its $35 billion merger deal with Baker Hughes Incorporated (NYSE:BHI) in […]

Baker Hughes Incorporated (NYSE:BHI) Implements New Policy For Fracturing Operations

Boston, MA 10/02/2014 (wallstreetpr) – According to reports, Baker Hughes Incorporated (NYSE:BHI) has announced that it has implemented a new policy under which 100% of chemistry involved in hydraulic fracturing fluid system will be disclosed. The company has implemented this new technology without using any trade secret designation. Road so far:  Earlier in the month of […]

Number ofDrilling Rigs in Williston Basin to Touch New Highs

Boston, MA 09/22/2014 (wallstreetpr) – Due to the boom in the shale oil production, the number of drilling rigs for crude oil in the Williston Basin has jumped to the highest level in around two years. Due to the shale boom, it is forecasted that North Dakota’s output will increase to two million barrels a […]

Wall Street Breakfast: Carnival Corporation (NYSE:CCL), Baker Hughes Incorporated (NYSE:BHI) Kinder Morgan Inc (NYSE:KMI)

Boston, MA 06/04/2014 (wallstreetpr) – The cruise company Carnival Corporation (NYSE:CCL) intends to spend up to $400 million in its clean air program. The company originally announced plans to spend $180 million for the program. That would have seen the company install systems in 32 of its ships to control air pollution. However, the company […]

Baker Hughes Incorporated (NYSE:BHI) Moves To Consolidate Training Activities

Boston, MA 05/29/2014 (wallstreetpr) – Baker Hughes Incorporated (NYSE:BHI) excels in its oilfield services business because of its highly trained personnel. The company is not ready to take a break from keeping its workers abreast with cutting-edge technology in the industry if that is what it takes to guarantee positive financial results. The company announced […]

Suburban Minerals Corp (OTCMKTS:SUBB) And CAM Look Ahead This Quarter

Boston, MA 01/30/2014 (wallstreetpr) – Suburban Minerals Corp (OTCMKTS:SUBB) earlier known as Lexington Energy Services Inc, is the US based oil equipment and services major which operates through three subsidiaries – Lexcore, Leccoil and Nitro Gen Technologies Inc. SUBB is essentially a leasing and operations facilitator offering coring units, coiled tubing services as well as […]

At 22% Profit Rise, Wall Street Failed To Capture Baker Hughes Incorporated (NYSE:BHI) This Time Around

Boston, MA 10/22/2013 (wallstreetpr) – Baker Hughes Incorporated (NYSE:BHI) is an oilfield services provider whose technology helps explorers and drillers make sense in their businesses. But that sense has not stretched to Wall Street estimates which failed to predict its coming. In its Q3.13 released Friday, October 18, BHI announced profits increase by 22% against a […]