Baker Hughes News

President Barack Obama's new budget proposal will ask Congress to devote $26 million for a new trade enforcement center and more U.S. inspectors in China as the administration takes aim at unfair trade practices abroad.

PNC Financial Services Group, Inc. is a diversified financial services company based in the United States.

Del Mar College's Small Business Development Center, 3209 S. Staples St., will offer "Creating and Promoting a Facebook Page for Your Business" from noon to 2 p.m. in Room 167.

The number of rigs actively exploring for oil and natural gas in the U.S. is down eight this week to 1,989. The Houston-based oilfield services company Baker Hughes Inc.

The number of rigs actively exploring for oil and natural gas in the U.S. is down 11 the week ending Feb.

In the first half of 2011, the Big Four benefited from tight supply-demand conditions for many key services, as frenzied drilling activity in North American shale oil and gas plays strained the industry's capacity to meet these needs.

The leading operators were: Devon Energy, 10 rigs ; EOG Resources, 8 rigs ; Chesapeake Energy, 6 ; and XTO Energy, 6 . The number of active U.S. drilling rigs fell by eight this week, to 1,989. Rigs drilling for oil rose by 18, to 1,263, while natural gas rigs fell by 25, to 720, according to Houston-based oilfield services firm Baker Hughes.

Energy companies this week reduced the number of rigs drilling for natural gas in the United States for the fifth straight week, as decade low gas prices continued to squeeze producer profit margins.

While Baker Hughes has struggled recently, near-term visibility is improving and will drive multiples expansion.

The North American land drilling cycle appears to be intact despite the plunge in natural gas prices and cuts in dry gas drilling across the exploration and production industry.

The number of rigs actively exploring for oil and natural gas rose by 9.2 percent worldwide in January, following a 12 percent increase in benchmark oil prices.

Nabors Industries Ltd. has gotten so cheap that traders in the options market are betting the world's largest land-drilling contractor may be a takeover candidate after the departure of its 81-year-old chief executive officer.

In its weekly release, Houston-based oilfield services company Baker Hughes Inc.

U.S. stock futures fell, indicating the Standard & Poor's 500 Index will decline for a second straight day, as Greece held talks to secure rescue funds.

National Oilwell Varco Inc. A reported higher profit for the fourth quarter as revenue showed growth.A Net income for National Oilwell Varco Inc.

In North Texas, Chesapeake Energy had only seven rigs busy this week, compared with 11 just a week earlier, according to RigData -- evidence that the company is already shifting rigs toward other areas where it can recover more attractively priced oil, condensate and natural gas liquids.

The number of rigs actively exploring for oil and natural gas in the U.S. has dropped by 11 this week to 1,997. The Houston-based oilfield services company Baker Hughes Inc.

Research analysts at Deutsche Bank lowered their price target on shares of Baker Hughes to $89.00 in a report issued on Thursday.

In its weekly release, Houston-based oilfield services company Baker Hughes Inc.

Cameron International has traded sideways since summer. But following earnings next week the stock could be poised to move higher.