Baker Hughes Inc. expects the North American rig count will “begin to stabilize” in the second half of this year, but things are expected to get worse before they get better, CEO Martin Craighead said Wednesday.
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North America Onshore Boosted by Egypt Sale, Says Apache CEO
Apache Corp. late Thursday pulled off what many analysts had not thought probable, selling a one-third operational stake in strife-torn Egypt for $3.1 billion in cash to China’s Sinopec International Petroleum Exploration and Production Corp.
September 3, 2013