Baker Hughes Co.
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About
Baker Hughes is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward—making it safer, cleaner and more efficient for people and the planet.
Editor's note: Updated Oct. 17, 2019.
Transactions
Baker Hughes Agrees to Local Buyout of Russian OFS Unit
Baker Hughes Agrees to Local Buyout of Russian OFS Unit
Baker Hughes to Acquire Well Specialist Altus Intervention
Baker Hughes to Acquire Well Specialist Altus Intervention
Baker Hughes Invests in Synthetic Natural Gas Startup
Baker Hughes Invests in Synthetic Natural Gas Startup
Baker Hughes to Merge Offshore Drilling Business in JV Transaction
Baker Hughes to Merge Offshore Drilling Business in JV Transaction
Baker Hughes’ Latest Acquisition to Strengthen Digital Solutions Portfolio
Baker Hughes’ Latest Acquisition to Strengthen Digital Solutions Portfolio
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New Financings
Closed an offering of 4.486% senior notes due 2030 that were offered and sold pursuant to an underwriting…
Baker Hughes, a GE company has priced a secondary offering of 115 million shares of BHGE Class A…
Baker Hughes, a GE company, said Sept. 10 that General Electric Co. and GE Oil &…
General Electric Co. has commenced a secondary offering of 92 million shares of BHGE Class A common stock…
Baker Hughes priced its tender offering of senior notes at $3.95 billion aggregate principal amount of…
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News
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count fell by one to 585 in the week to Aug. 23. Baker Hughes said that puts the total rig count down 47, or 7% below this time last year.
International OFS Firm HMH Plans to IPO, Activate in M&A
The firm is a 50/50 joint venture of Baker Hughes and Akastor ASA formed in 2021 to include brands such as Hydril and Vetco Gray as well as Wirth and Maritime Hydraulics.
US Drillers Add Oil, Gas Rigs for Third Time in Four Weeks
The oil and gas rig count rose by two to 588 in the week to Aug. 9. Despite this week's rig increase, Baker Hughes said the total count was still down 66 rigs, or 10% below this time last year.
As Oil Production Scales the Heights, Texas E&P Jobs Disappear —TXOGA
As operational efficiencies give E&Ps the ability to produce more oil with fewer rigs, Texas employment in the oil patch has fallen five out of the first six months of 2024.
US Drillers Cut Oil, Gas Rigs for First Time in Three weeks
The oil and gas rig count, an early indicator of future output, fell by three to 586 in the week to Aug. 2. Baker Hughes said that puts the total rig count down 73, or 11%, below this time last year.
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
US Rig Count Makes Biggest Monthly Jump Since November 2022
The oil and gas rig count, an early indicator of future output, rose by three to 589 in the week to July 26.
US Drillers Cut Oil, Gas Rigs for Fifth Time in Six Weeks
The oil and gas rig count, an early indicator of future output, fell by one to 584 in the week to July 12.
E&P Highlights: July 1, 2024
Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.
The New Wildcatters: Geothermal Developers on the Hunt for Heat
The U.S. is poised for a geothermal boom using existing oil and gas technology. Does the industry have what it needs to scale?
US Drillers Cut Oil, Gas Rigs to Jan 2022 Low for Third Week
The oil and gas rig count fell by two to 588 in the week to June 21. Baker Hughes said that puts the total rig count down 94, or 14% below this time last year.
E&P Highlights: June 17, 2024
Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei.
US Drillers Cut Oil, Gas Rig Count to Lowest Since January 2022
Baker Hughes said the total rig count is down 97 rigs, or 14%, below this time last year.
US Oil, Gas Rig Count Falls to Lowest Since January 2022
The oil and gas rig count, an early indicator of future output, fell by six to 594 in the week to June 7, decreasing for the second time in three weeks.
US Drillers Cut Most Oil, Gas Rigs in a Month Since August
The oil and gas rig count, an early indicator of future output, held steady at 600 in the week to May 31.
IndustryVoice
IndustryVoice: A Bold New Take on the Industry’s Most Popular Pump
Join Dana Meadows, Baker Hughes Artificial Lift Systems, as she discusses the newest pump in the LIFTPrime 400 Series, the E2000. This new workhorse reduces the number of pumps needed in your ESP string from 3 to 2 and offers the highest power efficiency range across the widest operating range in the industry, for efficient, versatile, and more economic operations.
IndustryVoice: Comprehensive Gas Management for ESPs Transforms Gas Challenges into Smooth, Efficient Operations
The industry’s premier holistic Gas Management service from Baker Hughes combines proven technologies and intelligent algorithms to reverse gas-related production declines and increase lift efficiency in electrical submersible pumping (ESP) systems.
IndustryVoice: Industry’s Leading Rigless ESP System Eliminates Costly Workovers to Advance Oilfield Efficiency
Electrical submersible pumping (ESP) is a proven artificial lift solution for extending the production life of wells worldwide. But installing conventional, tubing-deployed ESP systems is costly and time-consuming—costing operators millions in production downtime and workovers while raising HSE risks at the rig site and expanding the field’s carbon footprint.
IndustryVoice: Driving Production Gains While Lowering Costs and Carbon Emissions
In their quest to do more with less, operators keep looking for ways to produce more oil and gas while lowering lifting costs and minimizing their carbon footprints. The CENefficient™ ESP system from Baker Hughes delivers, with integrated technologies that boost the efficiency, reliability, and flexibility of artificial lift—all while reducing power consumption, carbon emissions, and operating costs.
IndustryVoice: Providing Cost-Effective, Scalable Pumping Solutions for Carbon Capture Utilization and Storage
As the pace of carbon capture, utilization, and storage (CCUS) projects accelerates, operators will need more efficient, flexible, and reliable pumping solutions. HPump™ surface pumping systems from Baker Hughes fit this need, with modular, scalable designs that easily adapt to changing capacity requirements.