Baker Hughes Is Busy Drilling in Middle East Even as OPEC Cuts

Baker Hughes Inc., which will soon be the world’s second-largest oil services provider, called the Middle East a positive environment for expected work in the first half this year. “There’s a bit of a disconnect between the OPEC cuts that were announced and what we’re forecasting at least for the next 6 months in terms of activity,” Martin Craighead, chief executive officer at Baker Hughes, told analysts and investors Thursday on a conference call.