Baker Hughes reported rig counts in the U.S. were up from 568 the previous week to 588 as of November 18, 2016. read more

NOV 21, 2016 - 7:15 am

GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create the second largest player in the oilfield equipment and services industry. read more

NOV 1, 2016 - 6:16 am

Fitch Ratings affirmed the ‘AA-/F1+’ Long-and Short-Term Issuer Default Ratings for GE and GE Capital Global Holdings following the agreement to combine GE Oil & Gas with Baker Hughes. read more

NOV 1, 2016 - 5:54 am

Baker Hughes said the average U.S. rig count for June 2016 was 417, down 444 or 52% from the 861 counted in June 2015. read more

JUL 11, 2016 - 6:45 am

Halliburton and Baker Hughes terminated their merger agreement. In connection with the termination, Halliburton will pay Baker Hughes a termination fee of $3.5 billion. read more

MAY 2, 2016 - 7:36 am

According to Bloomberg, GE could emerge as the most likely bidder for Baker Hughes if the oilfield service company’s planned merger with Halliburton falls through. read more

APR 11, 2016 - 8:11 am

The Department of Justice filed a civil antitrust lawsuit seeking to block Halliburton’s proposed acquisition of Baker Hughes, alleging the transaction threatens to eliminate competition, raise prices and reduce innovation in the oilfield services industry. read more

APR 7, 2016 - 7:07 am

Baker Hughes reported the average U.S. rig count for February 2016 was 532, down 816 or 61% from the 1,348 counted in February 2015. The worldwide rig count for February was down 41% year/year. read more

MAR 10, 2016 - 6:53 am

Baker Hughes said the average U.S. rig count for January 2016 of 654 was down 1,029 or 61% compared to 1,683 average rig count in January 2015. read more

FEB 16, 2016 - 7:02 am

Baker Hughes announced the international rig count for December was 1,095, down 16.6% from the 1,313 counted a year earlier. The average U.S. rig count took a bigger hit, falling 62% from 1,882 in December 2014 to 714 in December 2015. read more

JAN 19, 2016 - 8:06 am

Oil rig counts in the U.S. dropped by 4% this week, with 524 counted as of December 11, according to Baker Hughes. There were 545 oil rigs counted as of December 4, making for a loss of 21 during the course of the week and driving the count to its lowest level since April 30, 2010, according to Business Insider. read more

DEC 14, 2015 - 7:10 am

Baker Hughes announced the average U.S. rig count for November 2015 was 760, down 60.5% from 1,925 counted in November 2014. read more

DEC 7, 2015 - 7:20 am

According to Bloomberg, a German natural-gas storage company is suing Baker Hughes, accusing the oil field service company of supplying defective safety valves. read more

SEP 23, 2015 - 7:45 am

According to Baker Hughes, the average U.S. rig count for August was 883, up 17 from the 866 counted in July, and down 1,021 from the 1,904 counted in August of 2014. The worldwide rig count for August was down 39% year-over-year. read more

SEP 14, 2015 - 6:24 am

Correction: This morning we reported according to Baker Hughes that the latest rig count for the week ending May 29, 2015 was 875, down 113% from 1,866 a year earlier. The correct percentage should have been 53%, not 113%. Monitordaily regrets this error. read more

JUN 1, 2015 - 7:48 am