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March 19, 2013
09:36 EDTBHIBaker Hughes CEO sees $17B opportunity from ultra-deepwater wells
Baker Hughes' CEO Martin Craighead said the company has identified 10 customers that intend to collectively drill almost 300 ultra-deepwater wells over the next eight to ten years, which represents a $17B opportunity. The CEO added certain ultra-deepwater projects require up to a half a million pounds of proppant and "there are only two vessels in the world that can handle two and a half million pounds of proppant, and they belong to Baker Hughes." Craighead also said the company sees the potential for its synthetic gels to replace guar in drilling.
News For BHI From The Last 14 Days
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August 28, 2015
13:02 EDTBHIBaker Hughes reports U.S. rig count down 8 to 877
Baker Hughes reported the U.S. rig count is down 8 rigs from last week to 877, with oil rigs up 1 at 675, gas rigs down 9 to 202, and miscellaneous rigs unchanged at 0.
August 26, 2015
12:47 EDTBHIOn The Fly: Top stock stories at midday
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10:57 EDTBHIEuropean oilfield service names boosted by M&A speculation, says JPMorgan
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10:00 EDTBHIOn The Fly: Analyst Upgrade Summary
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09:20 EDTBHIBaker Hughes upgraded to Conviction List from Outperform at Iberia
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August 21, 2015
13:05 EDTBHIBaker Hughes reports U.S. rig count up 1 to 885
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