Search results for: Baker Hughes

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  • 15 November 2014
    Business & Finance

    Oilfield services and technology provider Baker Hughes has today announced that Halliburton wants to nominate candidates to replace the entire board of directors of Baker Hughes at its Apr. 2015 annual meeting. To remind, it has earlier been announced that the two companies were in talks where Halliburton would buy Baker Hughes. According to Baker Hughes, during […]

  • 3 July 2017
    Business & Finance

    More than 99% of the votes cast by Baker Hughes stockholders on Friday were in favor of the previously announced combination of Baker Hughes with General Electric Company’s oil and gas business (GE Oil & Gas). The combination will create Baker Hughes, a GE company, which will be traded on the New York Stock Exchange (NYSE) under the ticker symbol “BHGE”. […]

  • 13 July 2015
    Business & Finance

    Halliburton and Baker Hughes, world’s second and third largest oilfield services providers, respectively, have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) to extend the period for the DOJ’s review of Halliburton’s previously announced acquisition of Baker Hughes to the later of November 25, 2015 or 90 […]

  • 19 July 2013

    Baker Hughes Incorporated announced the introduction of the Baker Hughes Well Count, a new index that provides key U.S. onshore well count data to the oil and gas industry. The proprietary count will be available on a quarterly basis. The Baker Hughes Well Count is a natural extension of the Baker Hughes Rig Count, which […]

  • 20 October 2010
    Business & Finance

    Baker Hughes announced today it has been awarded a multimillion dollar integrated project for the Borgland Dolphin Consortium (BDC) in Norway. The contract covers an initial three-year period for a full exploration program on the Norwegian continental shelf encompassing 15 wells. Under the terms of the contract, Baker Hughes will provide service integration and planning […]

  • 30 October 2019
    Business & Finance

    Oilfield services provider Baker Hughes reported a rise in its third quarter 2019 profit as its orders grew by 35 percent when compared to the same period last year. 

  • 4 July 2017

    Oilfield service provider Baker Hughes said its combination with GE’s oil and gas unit has been completed, creating a “fullstream oil and gas company.”

  • 7 March 2017

    General Electric Company (GE) and Baker Hughes have each received a request for additional information from the United States Department of Justice (DOJ) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The two companies announced their agreement to combine GE Oil & Gas and Baker Hughes to create […]

  • 31 October 2016
    Business & Finance

    GE and Baker Hughes on Monday announced that the companies have entered into an agreement to combine GE’s oil and gas business (GE Oil & Gas) and Baker Hughes to create the second largest oilfield technology provider. The agreement comes days after GE denied the allegations about merging its O&G business with the oilfield services […]

  • 8 January 2020
    Operations & Maintenance, Project & Tenders

    The Montrose Port Authority (MPA) has signed a seven-year extension to its contract with Baker Hughes for the provision of internal and external storage facilities. Captain Tom Hutchison, CEO of Montrose Port Authority said: “We are delighted to extend what is already a long-standing and mutually beneficial relationship with Baker Hughes. This contract extension supports […]

  • 31 October 2016
    Business & Finance, Equipment, Operations & Maintenance

    GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create oilfield technology provider with mix of service and equipment capabilities. The transaction will be executed using a partnership structure, pursuant to which GE Oil & Gas and Baker Hughes will each contribute their operating […]

  • 17 October 2019
    Business & Finance

    Baker Hughes, a GE company, has announced its name change to Baker Hughes Company.

  • 26 May 2016
    Business & Finance

    Oilfield services provider Baker Hughes has announced changes to its organizational structure and senior leadership team.  Earlier this year, Halliburton and Baker Hughes terminated the proposed merger agreement after a series of regulatory hurdles. Following the cancellation of the merger agreement, Baker Hughes announced earlier in May its plans to reduce costs and simplify its business, enhance commercial […]

  • 11 February 2015
    Business & Finance, Equipment

    Halliburton Company and Baker Hughes Incorporated today announced that, as expected, the companies have each received a request for additional information from the United States Department of Justice (“DOJ”) in connection with Halliburton’s pending acquisition of Baker Hughes. The second requests were issued under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, […]

  • 31 October 2016
    Project & Tenders

    GE said an agreement has been reached to combine its oil and gas with Baker Hughes creating an oil and gas productivity service giant.

  • 28 March 2017

    Baker Hughes, one of the world’s largest oilfield services provider is looking to cut its workforce in Norway amid challenging market conditions. Following several reports from Norway that the company will offer severance packages to its Norwegian workforce, Offshore Energy Today has managed to obtain the confirmation from the company itself. This is what the […]

  • 18 November 2010
    Business & Finance

    Baker Hughes Announced that it has opened a new facility in Welshpool, Australia, to meet growing demand and increased oilfield activity in Australia. Three of the company’s service lines–pumping services, tubular services, and process and pipeline services–are now housed in the new 340,000-square-foot facility. Major growth in the region prompted the company to expand its […]

  • 13 June 2017
    Business & Finance

    Baker Hughes and GE have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Pursuant to a proposed consent decree filed in District Court in Washington, D.C., GE has agreed that it will divest its GE Water & Process Technologies business (GE Water) […]

  • 6 July 2010
    Business & Finance

    Baker Hughes Incorporated (“Baker Hughes”) announced today that its subsidiaries have signed an agreement to sell a package of assets including two stimulation vessels (the HR Hughes and Blue Ray) and certain other assets used to perform sand control and stimulation services in the US Gulf of Mexico to a subsidiary of Superior Energy Services, […]

  • 29 April 2011
    Business & Finance

      Oil and Natural Gas Corporation (ONGC) of India has awarded Baker Hughes  a five-year contract to provide drilling and evaluation services and to manage third-party services for the Platinum Explorer drillship. Under the terms of the contract, Baker Hughes will supply directional drilling, measurement-while-drilling, logging-while-drilling, surface logging services, drilling fluids, liner hangers, cementing and […]

  • 13 October 2010
    Business & Finance, Equipment

    Baker Hughes  announced today that BJ Services, a Baker Hughes company, was awarded a USD multimillion contract by Woodside to provide casing and tubing running services in Australia. Work associated with the three-year contract began in May 2010 on various wells in Woodside’s operations offshore northwestern Australia. Baker Hughes will support operations from its bases […]

  • 4 September 2014
    Business & Finance, Operations & Maintenance, Project & Tenders, Research & Development

    Aker Solutions and Baker Hughes have received the necessary regulatory approvals for the Subsea Production Alliance announced in April 2014. Earlier this year, Aker Solutions and Baker Hughes agreed to form an alliance to develop technology for production solutions designed to boost output, increase recovery rates and reduce costs for subsea fields. The alliance combines […]