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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 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 company. [5] Bently Nevada remained a Baker Hughes Business after GE's sale of its interest in the company. As of 2020 ...
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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Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
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