Our Arctic Neighbors: Russian investment climate needs a boost 12/27/2009
Russia needs to make itself more attractive to investment from foreign energy companies, the country's minister of natural resources, Yuri Trutnev, said in an interview with the newspaper Vremya Novos...

Number of rigs active in US up by 11 09/27/2009
The number of rigs actively exploring for oil and natural gas in the U.S. increased by 11 the week ending Sept. 18 to 1,010. Houston-based Baker Hughes Inc. reported that 705 of the rigs were explori...

EIA projects $70 oil in fourth quarter 08/16/2009
Henry Hub spot price expected to average less than $4 per mcf this year, rise to $5.48 in 2010 based on current decline in drilling
The U.S. Department of Energy's Energy Information Administration said Aug. 11 that it expects the West Texas Intermediate crude oil price to remain roughly flat at $70 per barrel in the fourth quarte...

WTI in year's 2nd half to average $70 07/19/2009
Natural gas usage in US down; gas storage expected to end injection season at historic high; natural gas drilling activity down
Crude oil prices rose in June for the fourth consecutive month, and were expected to average near $70 per barrel through the second half of 2009, the U.S. Department of Energy's Energy Information Adm...

Number of active oil rigs falls by 38 04/19/2009
The number of rigs actively exploring for oil and natural gas in the United States fell by 38 the week ending April 10 to 1,005. Of the rigs running nationwide, 790 were exploring for natural gas and...

EIA forecasts $53 per barrel WTI in '09 04/19/2009
Henry Hub spot price expected to average $4.24 per mcf this year, down from $9.13 in last year; rise to $5.80 in 2010 forecast
The U.S. Department of Energy's Energy Information Administration is forecasting an average $53 per barrel price for West Texas Intermediate crude oil this year. That compares, EIA said in its April...

Number of active oil rigs drops by 46 04/05/2009
The number of rigs actively exploring for oil and natural gas in the United States dropped by 46 the week ending March 27 to 1,039, as weak energy demand continues to hamper oilfield activity. Of the...

Baker Hughes worldwide rig count down 247 02/15/2009
Baker Hughes Inc. said Feb. 6 that the international rig count for January was 1,044, down 34 from 1,078 rigs in December and down nine from 1,053 rigs in January 2008. The company said the internati...

International rig count for October down 11/16/2008
Baker Hughes Inc. said Nov. 7 that the international rig count for October was 1,096, down 12 from 1,108 in September, and up 72 from 1,024 in October 2007. The international offshore rig count for O...

Canadian service sector buoyant 08/03/2008
Oilfield service firms take most upbeat view in 18 months about outlook; investors not buying in, energy stocks down 20%
Having emerged from a difficult 12 months, oilfield services companies are counting on a vigorous rebound in Canada. The big U.S.-based companies - Halliburton, Baker Hughes, BJ Services and Weatherfo...

Petroleum Directory: Baker installs breakthrough tool system on North Slope 07/20/2008
Baker Oil Tools has completed the world's first successful installation of an innovative new drilling system, using it in the challenging conditions on Alaska's North Slope. The new rotating, self-ali...

Canada units 'abysmal' for drillers 08/05/2007
Utilization country's 857 rigs was 42% in the first half of the year compared to 66% in same period in 2006, lowest since 1999
Nabors, Baker Hughes and Precision Drilling Trust are among those pointing fingers at Canada. The three oilfield service giants spread more gloom over an already floundering upstream sector by posting...

International rig count at 994 for March 04/15/2007
Baker Hughes Inc. said April 9 that the international rig count (including nations other than Canada and the United States) for March 2007 was 994, up 13 from the 981 counted in February and up 96 fro...

International rig count up in January 02/11/2007
Baker Hughes says the international count of working rigs for January 2007 was 972, up 21 from 951 rigs in December, and up 67 from 905 rigs counted in January 2006. The company said the internationa...

U.S. weekly rig count rises by seven 12/31/2006
The number of rigs actively exploring for oil and natural gas in the United States rose by seven the week ending Dec. 22 to 1,723. Of the rigs running nationwide, 1,438 were exploring for natural gas...

Baker Hughes adjusts rig count methodology 11/19/2006
Baker Hughes said Nov. 16 that the U.S. land rig count reported for the week ending Nov. 10 - 1,586 - represents a decrease of 41 rigs from the week ending Nov. 3, when the count stood at 1,627. Bake...

Schlumberger buys rest of WesternGeco 04/30/2006
Acquisition of Baker Hughes' 30 percent interest in $2.4 billion deal puts Schlumberger firmly at top of seismic industry
Schlumberger will be firmly at the head of the world's largest seismic company based on Baker Hughes' agreement to sell its 30 percent minority stake in WesternGeco to the oilfield services giant for...

Bolivia moves toward nationalizing gas 02/19/2006
Country has South America's second-largest natural gas reserves; also moving to revive state-owned petroleum company
In fits and starts, Bolivia President Evo Morales is moving his country closer to "nationalizing" South America's second-largest natural gas reserves and reviving a state-owned petroleum company that...

PETROLEUM DIRECTORY: Baker Hughes acquires Zeroth Technology 12/18/2005
Baker Hughes Inc. announced Dec. 2 that it has acquired all of the outstanding shares of Zeroth Technology Ltd., commonly known as Zertech. Based in Aberdeen, Scotland, privately owned Zertech special...

Canada gains 22 drilling rigs, U.S. down 31 rigs in weekly drilling survey 12/11/2005
The combined number of rotary drilling rigs operating in the United States and Canada totaled 2,113 during the week ending Dec. 2, a net increase of nine rigs from the prior week and an increase of 40...

International rigs up 4% from October 12/11/2005
The international rig count for November was 935, up 32 from 903 in October, and up 59 from 876 November 2004, Baker Hughes Inc. said Nov. 7. Including North America, the worldwide rig count for Novem...

U.S. rig count falls by 17, Canada down by 13; total stands at 2,048 rigs 11/20/2005
The combined number of rotary drilling rigs operating in the United States and Canada during the week ending Nov. 11 totaled 2,048, a decrease of 30 rigs from the previous week and a gain of 341 rigs...

International rig fleet at 903, down 4 11/20/2005
The international rig count (worldwide excluding North America) stood at 903 for October, down four from September, but up from 842 in October 2004, according to rig monitor Baker Hughes. The majorit...

U.S. gains 16 rigs, Canada loses 3 rigs; combined rig count stands at 2,078 11/13/2005
The combined number of rotary drilling rigs operating in the United States and Canada during the week ending Nov. 4 stood at 2,078, a net increase of 13 rigs from the previous week and a net gain of 3...

NASA readies drill for Mars 11/13/2005
Researchers bring subsurface technology closer to application in outer space
To the age-old question, "Is there life on Mars?" NASA scientists have added another equally intriguing one, "Are there resources on Mars?" Now, an international team of researchers is closing in on d...