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Tag: Baker Hughes

Baker Hughes GE signs EGP 1 billion contract with Egypt’s Petrojet

Posted: February 16, 2018 at 3:13 pm   /   Oil & Gas

US-based Baker Hughes, a GE subsidiary, has signed an EGP 1 billion contract with the Petroleum Projects and Technical Consultations Co (Petrojet) to expand the current joint industrial capabilities in the field of oil and gas. The contract allows Petrojet to provide further industrial services for the oil and gas exploration in the North African […]

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Baker Hughes signs deal for online portal marketing Egypt’s upstream opportunities

Posted: February 15, 2018 at 5:06 pm   /   Oil & Gas

The Egyptian Petroleum Ministry on Tuesday signed an agreement with Baker Hughes, a GE company, to establish an online portal to promote Egypt’s oil and gas exploration zones in a bid to attract foreign investments, Al-Ahram Arabic website reported. As part of the Egypt Portal project, a digital investment map for concession areas in Egypt […]

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Egypt “muscling in” on global natural gas production

Posted: September 11, 2017 at 1:21 pm   /   Oil & Gas

Baker Hughes, a GE company, announced September 9, 2017 a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast. BHGE will provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system, and will support the installation, […]

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Baker Hughes awarded subsea contract by Petrobel for Phase 2 of Zohr Development

Posted: September 9, 2017 at 2:58 pm   /   Oil & Gas

Baker Hughes, a GE Company Awarded Subsea Contract by Petrobel for Phase 2 Development of Egypt’s ‘Super Giant’ Zohr Gas Field. • BHGE to provide engineering, fabrication and construction of subsea production system and support for installation, commissioning and start-up; • Building on existing local capabilities, BHGE will contribute to the development of Egypt’s domestic […]

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Baker Hughes interested in boosting its investment in Egypt

Posted: September 5, 2017 at 2:24 pm   /   Oil & Gas

General Electric’s subsidiary, Baker Hughes, is interested in increasing its investment in Egypt, participating in the petroleum sector’s development plan and offering training programs, Vice Chairman Ayman Khattab said Thursday. In a meeting with Minister of Petroleum Tarek al-Molla, attended by the company’s General Manager Sameh Hussein, Khattab said that Baker Hughes is planning to […]

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GE seals Baker Hughes buyout deal, becomes no. 2 oilfield service provider

Posted: July 4, 2017 at 1:55 pm   /   Oil & Gas

General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service provider by revenue. The new company, to be called “Baker Hughes, a GE company,” will begin trading on Wednesday on the New York Stock […]

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NAPEC 2017 signals optimism within the Oil & Gas Industry in North Africa

Posted: February 8, 2017 at 7:00 pm   /   Oil & Gas

Major players see opportunities in the region despite production cut to comply with OPEC agreement. The 7th North Africa Petroleum Exhibition & Conferences (NAPEC) to be held from 21-24 March, 2017 in Oran, Algeria, is set to focus on strengthening operational excellence and increasing productivity as the market in North Africa showed signs of stability, […]

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GE and Baker Hughes Create New Fullstream Digital Industrial Services Company

Posted: October 31, 2016 at 2:00 pm   /   Oil & Gas

“New” Baker Hughes, a GE Company, will be a leader in oil and gas productivity • Highly complementary transaction combines GE’s oil and gas technology, manufacturing and digital platform with Baker Hughes’ oilfield services offerings and technologies • Combination creates an unparalleled company positioned to deliver value for customers and investors • GE to own […]

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Baker Hughes outlines path for the future

Posted: May 2, 2016 at 6:49 pm   /   Oil & Gas

• To reduce costs by simplifying its organization and rationalizing its operational footprint • Commercial strategy focused on its core strengths in product innovation, while building broader channels for its technology and products • Announces plans to buy back $1.5 billion of shares and $1 billion of debt with $3.5 billion merger breakup fee • […]

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Halliburton, Baker Hughes Announce Termination of Merger Agreement

Posted: May 2, 2016 at 6:41 pm   /   Oil & Gas

Halliburton Company and Baker Hughes Incorporated announced that the companies have terminated the merger agreement they entered into in November 2014, effective April 30, 2016. “While both companies expected the proposed merger to result in compelling benefits to shareholders, customers and other stakeholders, challenges in obtaining remaining regulatory approvals and general industry conditions that severely […]

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