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”. […]

  • 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 […]

  • 17 October 2019
    Business & Finance

    Baker Hughes, a GE company, has announced its name change to Baker Hughes 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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, […]

  • 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. 

  • 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, […]

  • 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.”

  • 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 […]

  • 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 […]

  • 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) […]

  • 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 […]

  • 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 […]

  • 8 February 2012
    Business & Finance, Equipment

    Baker Hughes has expanded its pipeline service portfolio to include circumferential magnetic flux leakage (MFL) inspection technology, which enables pipeline operators to identify anomalies in pipeline long seams and more effectively manage the risk associated with cracks in long seam welds and the overall integrity of their pipeline assets. Baker Hughes recently acquired the assets […]

  • 24 February 2020

    Baker Hughes, a GE company, has been contracted to provide the turbomachinery for Oman LNG’s debottlenecking project. 

  • 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.

  • 6 June 2017
    Business & Finance, Equipment

    Baker Hughes and GE have announced the executive team that will lead Baker Hughes, a GE company upon closing of their proposed transaction to combine GE’s Oil & Gas business with Baker Hughes. The combined executive team will be as follows: Lorenzo Simonelli, President & CEO; Maria Claudia Borras, President & CEO, Oilfield Services; Belgacem […]