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Baker Hughes

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Middle East drilling lucrative for Baker Hughes

February 26, 2017

The region that includes the Middle East is Baker Hughes second-largest market in terms of revenue trailing North America. The company that helps explorers drill and maintain oil wells boosted quarter... View more

GE to merge oil unit with Baker Hughes

November 7, 2016

General Electric Co said it would merge its oil and gas business with Baker Hughes creating the world s second-largest oilfield services provider as competition heats up to supply more-efficient produ... View more

GE, Baker Hughes form $32bn new oil services firm

October 31, 2016

GE and Baker Hughes today announced that the companies have entered into an agreement to combine GE s oil and gas business and Baker Hughes to create a world-leading oilfield technology provider with ... View more

GE, Baker Hughes near $30bn energy merger

October 31, 2016

General Electric (GE) is expected to announce today (Ocotber 31) a 30 billion deal to combine its oil-and-gas business with Baker Hughes a Wall Street Journal report said. The deal will create an ener... View more

Baker Hughes tries to reassure investors

May 9, 2016

Baker Hughes sought to reassure investors by announcing a 2.5 billion plan to buy back stock and pay down debt using the breakup fee it will receive following the collapse of its long-stalled takeover... View more

Baker Hughes: cutting through extreme competition

July 27, 2015

The company s wide product and service portfolio is its core strength and a key differentiating factor in the competitive oilfield services industry and services. However intense competition is likely... View more

Rising demand boosts Baker Hughes revenue

July 27, 2015

Oilfield services provider Baker Hughes s quarterly revenue fell less than expected as more and more North American shale oil producers returned to complete wells they had abandoned as crude oil price... View more

Halliburton in $35bn Baker Hughes buy

November 20, 2014

Halliburton Co said it will buy Baker Hughes for about 35 billion in cash and stock creating an oilfield services behemoth to take on market leader Schlumberger as customers curb spending on falling o... View more

Baker Hughes set to resume Iraq oilfield operations

December 2, 2013

Baker Hughes is preparing to resume operations in Iraq after protests in Basra earlier this month prompted the US oilfield services company to stop work at the Rumaila field. We have initiated the res... View more

Schlumberger, Baker Hughes top estimates

October 27, 2013

Increased oilfield activity in US offshore waters and overseas gave a bigger-than-expected lift to profits at Schlumberger and Baker Hughes marking a clear divide with struggling smaller US oil servic... View more

Baker Hughes unveils JewelSuite

March 17, 2013

BAKER Hughes has announced the availability of its JewelSuite 3D geomechanics software system designed to promote better complex field development strategies by enabling users to quickly and accuratel... View more

Baker Hughes sees sharp fall in profit

April 2, 2012

Baker Hughes expects first-quarter profit margins to fall sharply as the disruption of North American clients bailing out from natural gas fields proves rougher than expected for the third-largest oil... View more

Baker Hughes opens research, technology centre in Dhahran

March 12, 2012

The Baker Hughes Dhahran Research and Technology Centre has opened with a focus on new technologies to unlock the potential of unconventional resources. The newly constructed world-class centre is the... View more

Baker Hughes introduces wellbore cleansing system

July 25, 2011

BAKER HUGHES has introduced a wellbore clean-up and displacement system designed to improve efficiency and reduce operational risks in high-cost environments such as deepwater applications; horizontal... View more

Baker Hughes opens Saudi Arabia drill bit manufacturing plant; moves supply chain

March 28, 2011

BAKER Hughes has announced that its new drill bit manufacturing plant in Saudi Arabia is fully operational and delivering industry-leading polycrystalline diamond compact (PDC) bits to the Saudi Arabi... View more

Baker Hughes eyes full recovery in 2012

March 21, 2011

Baker Hughes the third-largest oil field services company sees the potential for surpassing the industry standard for profit margins outside North America as it looks at 2012 and beyond. Chief executi... View more

Choppy results weigh on Baker Hughes’ net

December 12, 2010

Equity analysts have been showering love on Baker Hughes the world s No 3 oil field services provider but some top hedge funds are still afraid the stock might take a bath. Wary of a US drilling slowd... View more

Baker Hughes to buy BJ Services for $4.8bn

September 7, 2009

Oilfield services company Baker Hughes said it would buy smaller peer BJ Services for 4.8 billion to create a one-stop shopping destination for its oil and gas producing customers and better take on t... View more

Shell and Baker Hughes pioneer RTCI technique

July 26, 2009

Baker Hughes and Shell International Exploration and Production have developed a Real-Time Compaction Imaging (RTCI) system that can lead to significant savings in well completions by using fibre opti... View more

Baker Hughes opens new centre in Technopark

April 27, 2008

Baker Hughes Incorporated US-based multinational oilfield supplies giant recently opened its new Regional Centre in TechnoPark in Dubai. The new centre will be an important resource for Baker Hughes g... View more

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