Baker Hughes

Baker Hughes Incorporated confirmed that it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction. These discussions may or may not lead to any transaction. Baker Hughes does not intend to comment further on market speculation or disclose any developments unless and until it otherwise …

Rosneft successfully completed the drilling of the northernmost well in the world – the Universitetskaya-1 well in the Arctic. According to the results of the drilling Rosneft has made an oil discovery at the East-Prinovozemelskiy-1 license area. The drilling was completed in record-breaking time – in one and a half …

Earlier this year, Aker Solutions and Baker Hughes agreed to form an alliance to develop technology for production solutions designed to boost output, increase recovery rates and reduce costs for subsea fields. The alliance combines Aker Solutions’ strengths in subsea production and processing systems with Baker Hughes’ expertise in well …

Baker Hughes Incorporated and Weatherford International plc today announced that they have closed the previously announced purchase and sale of Weatherford’s pipeline and specialty services business. The acquisition provides Baker Hughes with an expanded range of pre-commissioning, deepwater and in-line inspection services worldwide. The addition of over 700 process and pipeline specialists to Baker …

Russia is starting to develop its unconventional reserves with pilot projects and longer term plans in place. How do you see the current state of the unconventional sector in Russia and how quickly do you think full scale unconventional development in the region will take place? Weatherford: It is difficult …

Aker Solutions ASA and Baker Hughes Incorporated have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields. The non-incorporated alliance will combine Aker Solutions’ strengths in subsea production and processing systems with Baker Hughes’ expertise …

Weatherford International Ltd. and Baker Hughes Incorporated announce today that they have signed an agreement for the sale of Weatherford’s pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of $250 million, including $241 million in cash and $9 million in retained working capital. …

Well Completion Solutions Designed to Mitigate Risk and Reduce Costs Baker Hughes Incorporated, one of the world’s largest oilfield service companies, and TMK, one of the world’s largest producers of pipes for the oil and gas industry, announced today their intention to jointly develop integrated well completion solutions. Targeted at …

An update on the CGG and Baker Hughes shale alliance announced during the 2012 SEG annual meeting. It is now a year since CGG and Baker Hughes announced that they would enter into a collaborative relationship that could redefine shale reservoir exploitation. Since then CGG has acquired Fugro’s Geoscience division …

Baker Hughes Incorporated and CGG announced today the signing of a Letter of Intent to realign the firms’ VSFusion joint venture to focus on microseismic monitoring, processing, visualization, and interpretation as well as microseismic permanent monitoring. The joint venture, now called Magnitude, strengthens the capabilities of Baker Hughes and CGG …