Oil service company Baker Hughes eyes strong prospects for liquefied natural gas, describing the energy source as a growth area. The company's combined order book has grown 8.6 percent, while the LNG order book has doubled since last year.
More than 300 oil workers have been temporarily laid off during a strike by Norwegian union Industri Energi, which has now lasted a week. The lay-offs relate to companies Baker Hughes, Schlumberger and Halliburton, writes Norwegian media.
Oil service major Baker Hughes was struck hard by the low oil price in 2015, a year in which especially the number of active rigs took a dive and put pressure on the company's business. This development looks set to continue in 2016 and the industry will need help, notes CEO.
A count performed by oil service company Baker Hughes shows that there were 42 fewer oil rigs actively deployed in May 2015 compared to the same month last year. This development is largely caused by the low oil price and the oil companies' investment slowdown.
En optælling fra olieserviceselskabet Baker Hughes viser, at der var hele 42 færre olierigge i arbejde i maj 2015 i forhold til samme måned sidste år. Udviklingen skyldes i høj grad den lave oliepris og olieselskabernes markante investeringsstop.