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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.
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.
In June 2019, GE Steam Power started manufacturing half-speed steam turbines for the four Rosatom VVER-1200s being built at Akkuyu Nuclear Power Plant, Turkey's first nuclear power plant. This is part of a joint venture established in 2007, between General Electric and Rosatom subsidiary Atomenergomash, called AAEM Turbine Technology, to supply ...
Lufkin Industries is an American manufacturing company founded in 1902 and headquartered in Missouri City, Texas.Lufkin is a provider of rod lift products, automated control and optimization equipment and software for rod lift equipment to the oil and gas industry.
On November 17, 2014, Halliburton and Baker Hughes jointly announced a definitive agreement under which Halliburton will, subject to the conditions set forth in the agreement, acquire Baker Hughes in a stock and cash transaction valued at $34.6 billion. A press release made available on the former's website, as at December 11, 2014 detailed the ...
In 2019, GE announced plans to reduce its ownership in Baker Hughes from 50.4% to 38.4% losing majority control. [3] In October, 2019, GE sold a portion of its 62.5% stake in BHGE, reducing its ownership below 50%, and BHGE was rechristened as Baker Hughes Company (NYSE:BKR). [4] Baker Hughes has positioned itself as an energy technology ...
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. [citation needed]