Baker Hughes

Archer Limited is pleased to announce that we have signed definitive agreements with Baker Hughes Limited to acquire its coil tubing and pumping (“CT&P”) business in the United Kingdom. The CT&P business includes four complete CT&P packages with supporting equipment, specialized and optimized for the UK market. As part of …

In 2023, the company plans to increase investment in technology localization and will focus on drilling. OFS Technologies, the new owner of former Baker Hughes assets in Russia, is launching an investment program for its own oilfield services technologies. OFS Technologies reported about it on January 24, 2023. In 2023, …

New solutions expand on Baker Hughes’ digital ecosystem, providing new levels of efficiency, performance and emissions reduction for oilfield, gas and industrial segments Leucipa™ automated field production solution will enable proactive oil and gas production management Cordant™ will offer an integrated suite of asset performance management and process optimization solutions for energy …

Memorandum of understanding sets groundwork for collaboration to decarbonize hard-to-abate industries including mining, steel and cement Collaboration to leverage respective expertise to explore potential opportunities for scale-up and adoption of new technology solutions to reduce greenhouse gas emissions and produce green hydrogen, ammonia and geothermal energy FLORENCE, Italy, Jan. 30, …

Baker Hughes has announced Nancy Buese as Chief Financial Officer (CFO) effective November 2, 2022. Buese brings more than 30 years of financial and leadership experience to the role, previously serving as EVP & CFO of global mining company Newmont Corporation from 2016 until earlier this year. “Nancy is a …

Orders of $6.1 billion for the quarter, up 3% sequentially and up 13% year-over-year. Revenue of $5.4 billion for the quarter, up 6% sequentially and up 5% year-over-year. GAAP operating income of $269 million for the quarter, up $294 million sequentially and down $110 million year-over-year. Adjusted operating income (a …

Acquisition expands Baker Hughes’ turbomachinery portfolio with proven electric-power technology for industrial and energy customers Integration of BRUSH will enhance Baker Hughes’ electrification offering and supports strategic commitment to provide cleaner energy solutions Baker Hughes (Nasdaq: BKR) announced it has agreed to acquire the Power Generation division of BRUSH Group …

Baker Hughes has signed an agreement to sell its Oilfield Services business in Russia (“OFS Russia”) to its local management team. The agreement follows on the Company’s previously announced suspension of new investments for its Russia operations and commitment to comply with appliable laws and sanctions. The new business will …

PDF Version Orders of $5.9 billion for the quarter, down 14% sequentially and up 15% year-over-year. Revenue of $5.0 billion for the quarter, up 4% sequentially and down 2% year-over-year. GAAP operating loss of $25 million for the quarter, down $304 million sequentially and down $219 million year-over-year. Adjusted operating …

Baker Hughes announced it has suspended new investments for its Russia operations. The Company is continuing to comply with applicable laws and sanctions as it fulfills current contractual obligations. “The crisis in Ukraine is of grave concern and we strongly support a diplomatic solution. We condemn violence and our hearts go out …