GE

3t Energy Group (3t), the global training powerhouse specialising in high-impact learning for the energy and wider safety-critical sector has announced the appointment of Dominic Zanre to a brand-new Group role. Appointed as Senior Solutions Manager, Dominic joins 3t with a focus on the Group’s innovative blended learning solutions following …

A recently published report by market research and competitive intelligence provider, reveals that the global well intervention market is projected to grow at a CAGR of 7% during the forecast period (2021-2031), reaching US$ 14 Bn by 2031. Heavy investments in the discovery of new oilfields reserves on the account …

GE today announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy, by: Pursuing a tax-free spin-off of GE Healthcare, creating a pure-play company at the center of precision health in early 2023, in which GE expects to retain a …

Houston-based Baker Hughes, a GE Company, and Boston-based General Electric Co. are taking the initial steps toward the separation they announced in June. On Nov. 13, the companies announced a series of long-term agreements related to their commercial and technological relationships, according to a press release. They also agreed to release GE …

Baker Hughes, a GE company and General Electric Company jointly announced today the entry into a series of long-term agreements that amend the commercial and technological relationships between the two companies. The Agreements focus on: Long-term collaboration on critical rotating equipment, including aeroderivative and heavy-duty gas turbine technology. BHGE access …

Orders of $6.0 billion for the quarter, up 15% sequentially and up 9% year-over-year on a combined business basis* Revenue of $5.5 billion for the quarter, up 3% sequentially and up 2% year-over-year on a combined business basis GAAP operating income of $78 million for the quarter, increased $119 million sequentially and increased $223 million year-over-year on a combined business …

Baker Hughes, a GE company today announced an agreement to sell its Natural Gas Solutions (NGS) business to two separate entities, First Reserveand Pietro Fiorentini S.p.A., for a combined value of $375 million. NGS is part of BHGE’s Turbomachinery & Process Solutions (TPS) segment, providing commercial and industrial products such as gas meters, …

GE‘s new CEO’s plans stick to health care, power and aviation, stop short of breakup. General Electric Co.’s new leader plans to unveil a road map Monday for the conglomerate that will focus on three of its biggest business lines, but stops short of a breakup or more radical restructuring …

Baker Hughes, a GE company today announced that its Board of Directors has authorized Baker Hughes, a GE company, LLC to repurchase up to $3 billion of its common units from BHGE and GE. The Company will use the proceeds from the sale of its BHGE LLC common units to repurchase its Class A …

Baker Hughes, a GE company today announced that its board of directors has elected BHGE President and Chief Executive Officer (CEO) Lorenzo Simonelli as chairman of the BHGE board, effective October 2. Simonelli will continue in his president and CEO role, which he has held since the closing of the …