Newsletter subscribe
Tag: Baker Hughes

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 […]

No Comments read more

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 • […]

No Comments read more

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 […]

No Comments read more