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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.
In 1989, Bird Machine Company was acquired by Baker Hughes, Incorporated, a diversified oil field services company based in Houston, Texas. In 1996, Ketema Process Equipment Company of Santee, California was purchased by Baker Hughes and merged into Bird Machine Company. The acquisition of Ketema provided Bird with an entrée into the ...
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]
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Baker Hughes (NYS: BHI) carries $7.4 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
Increasing Demand for Service and After-Sales Support: With the growing complexity of centrifugal compressors, the importance of comprehensive service packages and after-sales support has surged. Companies are investing in remote diagnostic tools, extended warranties, and specialized maintenance programs to ensure long-term reliability and ...
GE Measurement & Control Solutions is an affiliate business of Baker Hughes specializing in the design and manufacture of sensing elements, devices, instruments, and systems that enable customers to monitor, protect, control, and validate the safety of their critical processes and applications.
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