Baker Hughes, a GE Company, is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter.
Houston's Baker Hughes has some breathing room to focus on growth as the energy sector slowly rebounds now that General Electric is affirming its commitment to the oilfield services firm at least until next year.
Operating in some of the world’s most remote locations and under the harshest of conditions including rough seas and extreme temperatures, technologies for oil and gas applications need to meet incredibly high standards.
A strategic alliance has been agreed between GE and Arenko Group to build one of the world’s biggest energy storage systems in the UK.
Houston's Baker Hughes energy services company took in $5.8 billion in fourth-quarter revenues but posted a $29 million loss as it continues to integrate its merger with General Electric's oil and gas business.
The subsea sector is still clawing its way up from the bottom of the market curve, according industry veteran Neil Saunders
Technology giant ABB today announced the acquisition of GE’s global electrification solutions business for $2.6billion.
GE company, Baker Hughes (BHGE), answered a request from Nigeria LNG trains to improve the reliability of services in the African region.
Iraq and Baker Hughes have signed a contract for infrastructure to assist with the recovery of flare gas.
General Electric Co.’s new oilfield services behemoth is poised to capitalize on a recovery from the worst crude crash in a generation -- except no one is sure when that will actually happen.
General Electric Co.’s Steve Bolze, once a leading contender to succeed Jeffrey Immelt as chief executive officer, is leaving the company just days after missing out on the top job.
There has long been a dream in the oil and gas industry that robots would someday take over the industry’s most dangerous, laborious and expensive jobs.
The retirement of GE chief executive Jeffrey Immelt should not affect the $32 billion merger of the company’s oil-and-gas division with Houston-based oilfield services firm Baker Hughes, analysts and company officials said on Monday.
The U.S. Department of Justice has reached an agreement on the merger of Houston oil field services company Baker Hughes and General Electric’s oil and gas division, clearing the way for shareholders to approve the deal.
Decommissioning a well is an unavoidable cost and a logistical challenge. There is no economic upside, financial incentive or obvious cause to be enthusiastic about decommissioning. The cost is uncapped, unknown and can be, frankly, more than a little unnerving.
Oilfield service giant Halliburton's new incoming chief executive claims North America is the firm's "growth story today".
I got a wake-up call at a recent customer forum, where global contractors including GE were present: it was stated that a welcome reduction of “safety” incidents could be attributed to ‘talent density’, or a concentration of more experienced workers.
The biggest subsea and drilling challenge is trying to strike a balance in capacity versus capability of the workforce, according to a GE Oil & Gas boss.
No CEO is showering money on Wall Street like Jeffrey Immelt. And no Wall Street CEO is catching more of it than Jamie Dimon.
Africa focused exploration and production firm Lekoil (AIM:LEK) has signed a memorandum of understanding (MoU) with American multinational GE Oil and Gas for offshore work in Nigeria.
Baker Hughes has denied that the downsizing of the firm's Norway arm is related to the proposed merger with GE Oil and Gas.
General Electric Co. Chief Executive Officer Jeffrey Immelt’s compensation fell 35 percent to $21.3 million last year, as an oil and gas slump suppressed demand for industrial equipment and the company’s shares underperformed the market.
Woodside and GE Oil & Gas have agreed work together to support the use of LNG as a fuel in Western Australia.
GE Oil & Gas, PDI and EnerMech today launched eMERge, an innovative partnership supporting existing and new entrant E&P operators to maximise economic recovery of reserves.
Total is ready to start sanctioning projects again, according to its president of Exploration and Production.