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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

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2022-08-01 --

Baker Hughes Agrees to Local Buyout of Russian OFS Unit

Baker Hughes Agrees to Local Buyout of Russian OFS Unit

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2022-03-21 --

Baker Hughes to Acquire Well Specialist Altus Intervention

Baker Hughes to Acquire Well Specialist Altus Intervention

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2021-06-28 --

Baker Hughes Invests in Synthetic Natural Gas Startup

Baker Hughes Invests in Synthetic Natural Gas Startup

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2021-03-02 $320.00

Baker Hughes to Merge Offshore Drilling Business in JV Transaction

Baker Hughes to Merge Offshore Drilling Business in JV Transaction

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2021-02-18 --

Baker Hughes’ Latest Acquisition to Strengthen Digital Solutions Portfolio

Baker Hughes’ Latest Acquisition to Strengthen Digital Solutions Portfolio

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2020-05-06 Baker Hughes Co. Debt $500.00

Closed an offering of 4.486% senior notes due 2030 that were offered and sold pursuant to an underwriting…

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2019-09-11 Baker Hughes, a GE company, LLC Equity --

Baker Hughes, a GE company has priced a secondary offering of 115 million shares of BHGE Class A…

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2019-09-10 Baker Hughes, a GE company, LLC Equity --

Baker Hughes, a GE company, said Sept. 10 that General Electric Co. and GE Oil &amp…

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2018-11-13 Baker Hughes Inc. Equity --

General Electric Co. has commenced a secondary offering of 92 million shares of BHGE Class A common stock…

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2017-12-04 Baker Hughes Inc. Debt $3,950.00

Baker Hughes priced its tender offering of senior notes at $3.95 billion aggregate principal amount of…

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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News

Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week

U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row. 

Permanent Magnets Emerge as a Game-Changer for ESP Technology

In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.

E&P Highlights: Dec. 16, 2024

Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.

US Oil, Gas Rig Count Unchanged at 589 in Week to Dec. 13, Baker Hughes Says

U.S. energy firms this week operated the same number of oil and natural gas rigs as they did last week, according to Baker Hughes' weekly report. 

E&P Highlights: Dec. 9, 2024

Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.

As Upstream M&A Settles, Oilfield Services Gear Up for More Deals

Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.

US Drillers Add Oil, Gas Rigs for First Time in 8 Weeks

The oil and gas rig count rose by seven to 589 in the week to Dec. 6, its highest since mid-September. 

AIQ, Partners to Boost Drilling Performance with AI ROP Project

The AI Rate of Penetration Optimization project will use AI-enabled solutions to provide real-time recommendations for drilling parameters.

Baker Hughes: US Drillers Cut Oil, Gas Rigs for First Time in Four Weeks

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks.

Baker Hughes, SOCAR Partner to Limit Flaring at Azerbaijan Oil Refinery

Baker Hughes and SOCAR expect to recover flare gas equivalent up to 7 million normal cu. m of methane per year and further reduce CO2 emissions by up to 11,000 tons per year.

E&P Highlights: Nov. 11, 2024

Here’s a roundup of the latest E&P headlines, including Equinor’s acquisition of a stake in a major project and a collaboration between oilfield service companies.

US Oil, Gas Rig Count Holds Steady for Record Third Week

The oil and gas rig count was steady at 585 in the week to Nov. 8, Baker Hughes said on Nov. 8. Baker Hughes said that puts the total rig count down 31 rigs, or 5% below this time last year.

Baker Hughes CEO: Transition Without Oil, Gas is a ‘Dream World’

The CEOs of Baker Hughes, SLB and Japan’s Inpex see an energy expansion that includes oil and gas—with lower emissions—as the most pragmatic way to tackle climate change.

OMS Energy Files for IPO, Reports Revenue Growth

Singapore-based OMS Energy, a wellhead system manufacturer, has not yet determined its price range and number of shares.

A Tale of Two Strategies: How Baker Hughes, NOV are Traversing the Natural Gas Age

Natural gas demand is on the rise, and with that comes a flurry of measures to capitalize on evolving market needs. How are Baker Hughes and NOV navigating the changing energy landscape?

IndustryVoice

IndustryVoice: Powering Efficiency: Leveraging GenAI Tools for Operational Excellence in the Energy Industry

Artificial intelligence, including the need for more data centers to power them, is expected to increase the domestic demand for natural gas. But the oil and gas industry also is poised to benefit much more from the use of generative AI (GenAI) to boost its own efficiencies.

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.