The performance for drilling services company Baker Hughes was mixed and the market was still uncertain, despite a hike in oil prices, its CEO said Wednesday. Baker Hughes, now a company under the General Electric umbrella, reported fourth quarter revenue of $5.8 million, an increase of 7 percent from the third quarter, but down 3 percent year-over-year. The company said all of its business segments grew from the third quarter “desfourth-quarterng rig count within the quarter.” Baker Hughes publishes a weekly count of rig activity globally and the figures serve as a loose gauge for confidence in the exploration and production, or upstream, side of the energy sector. Drilling services companies were hit hard by a […]