Baker Hughes and GE Oil & Gas Complete Combination: Creating BHGE, the World’s First and Only Fullstream Oil and Gas Company
Baker Hughes, a GE company (NYSE: BHGE) announced today that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company is the first and only to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development. Uniquely …
GE and Baker Hughes: Merger Expected to Close 3rd of July
Baker Hughes Incorporated today announced that more than 99% of the votes cast at the special meeting of Baker Hughes stockowners were voted to approve the previously announced combination of Baker Hughes with General Electric Company’s oil and gas business (“GE Oil & Gas”). The combination will create Baker Hughes, a GE company, which will …
GE: Kazakhstan is “Hugely” Important to the Global Energy Sector
Kazakhstan, with its strategic trade position and strong energy portfolio, is “hugely” important to the global energy sector, a director at GE Oil & Gas said. General Electric hosted a forum in the Kazakh capital of Astana to focus on emerging regional trends in the transportation and energy industries. Lorenzo …
GE & Baker Highes Merger: Clears USA DoJ – GE to Divest GE Water
Baker Hughes Incorporated and General Electric Company announced today that they have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Today’s milestone represents significant progress toward creating an oil and gas productivity leader positioned to deliver value …
GE / Baker Hughes: European Commission Clears Merger
Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that the European Commission has cleared the proposed transaction between Baker Hughes and GE’s oil and gas business under EU merger control rules. The companies remain confident in the value that the combined company will deliver to its customers, …
DOJ: Requests More Info On GE Buyout of Baker Hughes
General Electric Company and Baker Hughes Incorporated today announced that the companies have each received a request for additional information (“second request”) from the United States Department of Justice (“DOJ”) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The second requests were issued …
GE and Baker Hughes Agree to Create New Fullstream Digital Industrial Services Company
GE and Baker Hughes today announced that the companies have entered into an agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. The “New” Baker Hughes will be a leading equipment, technology and …
GE in Discussions With Baker Hughes on “Potential Partnerships”
General Electric Co. is in talks to merge its oil-and-gas business with Baker Hughes Inc.,according to people familiar with the matter, a transaction that would dramatically reshape the industrial giant. GE has approached the oil-field-services company about a deal, the people said, but details of the talks couldn’t be learned …
GE: Moves to Innovative Rental Model to Reduce Offshore Drilling and BOP Costs
General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills. Diamond Offshore Drilling Inc. has agreed to sell back its blowout preventers to GE, which will then …
Rosneft and GE Develop Joint Manufacturing in Russia
Rosneft and General Electric signed a long-term cooperation program. The document involves construction plan of joint ventures for production of marine, oil and gas, and electrical equipment to ensure timely construction and commissioning of production facilities. In particular, Rosneft and GE will continue their cooperation in developing ship-building projects of …