Search results for: Lorenzo Simonelli

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  • 3 October 2017
    Business & Finance

    Baker Hughes, a GE company, has elected BHGE president and CEO Lorenzo Simonelli as chairman of the BHGE board, effective October 2, 2017. Simonelli will continue in his president and CEO role, which he has held since the closing of the combination of Baker Hughes Incorporated and GE’s Oil and Gas business on July 3, […]

  • 3 October 2017
    Business & Finance

    Baker Hughes, a GE company, has elected BHGE president and chief executive officer (CEO) Lorenzo Simonelli as the chairman of the BHGE board, effective October 2. BHGE said on Monday that Simonelli would continue in his president and CEO role, which he has held since the closing of the merger of Baker Hughes and GE’s […]

  • 3 October 2017

    Baker Hughes, a GE company, said that the current BHGE president and CEO, Lorenzo Simonelli, has been appointed as chairman of the BHGE board, effective October 2. 

  • 23 September 2013

    GE announced that Lorenzo Simonelli, who currently leads GE Transportation, will succeed Dan Heintzelman as president and CEO of GE Oil & Gas. Simonelli is a 19-year GE veteran and has been president and CEO of GE Transportation since 2008. He joined GE in 1994 and is a graduate of GE’s Financial Management Program. Simonelli […]

  • 30 October 2018
    Business & Finance, Equipment

    Baker Hughes, a GE company, (BHGE) has reported profit of $13 million or 3 cents per diluted share on GAAP basis for the quarter ended September 30, 2018. Adjusted diluted earnings per share were 19 cents per share. The company generated revenue of $5.7 billion for the quarter, up 2% sequentially and up 7% year-over-year. […]

  • 3 June 2015

    Liquefied natural gas imports will substantially lower the cost of power generation in Ghana, according to the President and CEO of GE Oil & Gas, Lorenzo Simonelli.

  • 3 June 2015

    Liquefied natural gas imports will substantially lower the cost of power generation in Ghana, according to the President and CEO of GE Oil & Gas, Lorenzo Simonelli.

  • 22 January 2020
    Business & Finance

    Baker Hughes saw its fourth quarter 2019 net income drop 63 percent when compared to the same period in 2018 while its revenues saw a small increase of 1 percent.

  • 22 April 2020
    Business & Finance, Business developments & projects

    Baker Hughes booked a huge impairment charge in the first quarter of the year resulting in a $10 billion loss for the quarter.

  • 5 September 2018
    Business & Finance

    Saudi Aramco has awarded the first large-scope integrated services contract for its Marjan oilfield to Baker Hughes, a GE company.

  • 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. 

  • 12 January 2017
    Business & Finance, Equipment

    GE Oil & Gas said it has secured a new contractual service agreement with Transocean valued at approximately $180 million. According to GE, the agreement, signed at the end of 2016, aims to further maximize productivity and lower operating costs for Transocean. The contract will see GE provide condition-based monitoring and maintenance services for pressure control equipment […]

  • 12 January 2017
    Business & Finance

    GE Oil & Gas has signed a new contractual service agreement, worth around $180 million, with the offshore drilling contractor, Transocean. GE said on Wednesday that the agreement, signed at the end of 2016, entails condition-based monitoring and maintenance services for pressure control equipment on seven of Transocean’s rigs over the next 10 to 12 […]

  • 22 March 2017

    GE Oil & Gas has opened a new facility in Takoradi Port, Ghana, which will be the primary service center for deep-water offshore projects in the country. GE said on Wednesday that it would deliver more than 45,000 training hours for Ghanaian personnel at the facility over the next five years to build a world-class […]

  • 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 […]

  • 27 August 2014
    Business & Finance, Equipment

    GE Oil & Gas formally unveiled its new Technology Solutions Center (TSC) in Stavanger, Norway. The result of a $5m investment, the center offers a stunning visual showcase of GE’s technologies across the oil and gas industry, and has been designed to help operators achieve optimal efficiency, environmental performance and safety, both now and in […]

  • 1 May 2019
    Business & Finance, Equipment

    Baker Hughes, a GE company, (BHGE) has reported profit of $32 million or 6 cents per diluted share on GAAP basis for the quarter ended March 31, 2019. Adjusted diluted earnings per share were 15 cents per share. The result compared with $70 million profit in Q1 2018, down 55%, and also down sequentially some […]

  • 20 October 2017
    Business & Finance

    Oilfield services provider Baker Hughes, a GE company (BHGE), posted a loss for the third quarter 2017 despite seeing an increase in orders.  This is BHGE’s first quarterly report following the closure of the previously announced combination of Baker Hughes with General Electric’s oil & gas business, GE Oil & Gas, on July 3, 2017. According to […]

  • 6 June 2017

    Oilfield service provider Baker Hughes said a new executive team has been named to lead the company once the combination with GE’s oil and gas business is complete.

  • 30 October 2019
    Business & Finance, Equipment, Operations & Maintenance

    Baker Hughes has reported profit of $57 million or 11 cents per share on GAAP basis for the quarter ended September 30, 2019. The result compares with $13 million profit in Q3 2018, and $9 million loss sequentially. Adjusted net income (non-GAAP) attributable to Baker Hughes was $114 million, up 46% from same time last […]

  • 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.”

  • 1 May 2019

    Baker Hughes, a GE company, reported a year-on-year decline in profit despite revenues, orders and an active LNG market.