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Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK.As one of the world's largest oil field services, industrial and energy technology companies, it provides products and services to the oil and gas industry for exploration and production, as well as other energy and industrial applications.
Petrolite Corporation was an American manufacturer of chemicals. Founded in 1930 from the merger of the Tret-O-lite Company with the Petroleum Rectifying Company of California (PETRECO), [1] it was subsequently merged into Baker Hughes Incorporated in 1997. [2]
The newly formed company had 10 manufacturing and testing facilities, 70 sales offices, 30 service centers and more than 7,300 employees. The partnership started as a 50-50 relationship, but later Dresser took a 51% share of the assets while Ingersoll-Rand had 49%. [14]
BJ Services in 2017 began operating as an independent joint venture after Baker Hughes sold a 53.3 percent stake in the hydraulic fracturing and cementing business to private equity firm CSL Capital Management and Goldman Sachs’ West Street Energy Partners for $325 million. [6] On 20 July 2020, BJ Services filed Chapter 11 bankruptcy. [7]
GE Oil & Gas was the division of General Electric that owned its investments in the petroleum industry.In July 2017, this division was merged with Baker Hughes. [1]The division supplied equipment for the petroleum industry including drilling, subsea and offshore, onshore, LNG, distributed gas, oil pipeline and oil storage, oil refinery and petrochemical.
Neighbors who lived within a 3-mile radius of the June 14, 2021, Chemtool industrial fire in Rockton have reached a $94.5 million preliminary settlement with the company.
OSHA has begun its investigation into the explosion and fire that injured two workers at a chemical plant in East St. Louis on Sunday, and the Illinois EPA plans to begin examining the site on ...
Bently Nevada remained a Baker Hughes Business after GE's sale of its interest in the company. As of 2020 [update] , Baker Hughes Company has operations in over 120 countries. Since the inception of the proximity probe, Bently Nevada has been a key company in the asset protection and condition monitoring market. [ 1 ]