Giving details of the merger between ge and baker hughes, he stated. Department of justice to complete a proposed merger. The current status of the logo is obsolete, which means the logo is not in use by the company anymore. When halliburton and baker hughes filed their proposed merger with the. If you dont understand your reservoir, how can you drill it, complete it or produce from it effectively. That merger was announced at the end of 2014 but went kaput after a couple of years of wrangling about details of the merger. The companies will establish a new listed company combining the oil and gas business.
Oct 31, 2016 ge, baker hughes reach deal to merge oil and gas businesses by. Download the vector logo of the baker hughes brand designed by in encapsulated postscript eps format. Bhge is the first and only company to bring together industryleading equipment, services and digital. General electric is taking its motto imagination at work to heart. Baker hughes and general electric ge have reached an agreement with the u.
Variable speed drive vsd, 260kva 12 pulse baker hughes. So what to make of leading oil services companies like baker hughes. Baker hughes ge oilfield services and equipment revenues declined by. Baker hughes company is an international industrial service company and one of the worlds largest oil field services companies. Ge, baker hughes reach deal to merge oil and gas businesses. Westerngeco was formed by the merger of baker hughes s western geophysical and schlumbergers gecoprakla which were the two leading seismic interpretation companies of the time.
Esp providers have tables that gives engineering information about pumps and also pump performance curves that shows how pump performs at given conditions when tested with water. Electrospeed advantage variable speed drive baker hughes. Ge to separate from baker hughes and ge healthcare, among. Apr 08, 2016 its merger agreement with halliburton has made it harder for baker hughes to cut more of its costs during the downturn, brian ulhmer, an analyst at gmp securities in houston, said in an interview.
Ge and baker hughes have been given the green light by the department of justice for a merger of their oilfield service companies. Maximize production performance with integrated esp solutions we are the marketleading esp production solutions provider for a wide range of oilfield and industrial applications. Oct 31, 2016 cnbc s jim cramer blissfully welcomed news of the general electricbaker hughes merger deal on monday, saying the combined assets would be a good fit. Maximize your drilling efficiency baker hughes is the leader in tricone and polycrystalline diamond compact pdc drill bit, reamwhiledrilling and casing drilling. The baker hughes cenesis phase multiphase encapsulated production solution encases an electrical submersible pumping esp system in a shroud to naturally separate gas from the production stream before it can enter the pump and to provide a reservoir of fluid so the esp can continue to operate when gas slugs create lowflow or noflow conditions. Ge and baker hughes agree to create new fullstream digital. Halliburtonbaker hughes merger sinks on regulators. Bhge is the worlds first and only fullstream provider of integrated oilfield products, services and digital solutions. Ge continues to throw its considerable weight around, most recently with its announcement of a merger deal with oil and gas giant baker hughes.
Baker hughes global operations are backed by three business segments covering nine product line groups that develop, manufacture and support industryleading technologies. Ensure successful operations in todays most common applications using bakerline series completion systems. Oct 11, 2011 so what to make of leading oil services companies like baker hughes. Ge where the latter integrated its oil and gas equipment and service operations. We issue the north america and international rig counts as a service to the industry. At baker hughes, we value leadership, loyalty, integrity, and commitment to excellence that military service and experience can bring. Ge, baker hughes could reach deal as early as next week wsj. Baker hughes company is an international industrial service company and one of the worlds. Centrilift pass slimline esp system baker hughes, a ge company. During its 80year history prior to its merger with baker hughes, baker oil tools had only three chief executives. The portfolio includes a select group of dependable core products that have been optimized to meet operator needs in standard well completions so you. Baker hughes company announces fourth quarter and total year. Adjusted net income nongaap attributable to baker hughes.
Halliburton fights vps noncompete with baker hughes. Cnbc s jim cramer blissfully welcomed news of the general electricbaker hughes merger deal on monday, saying the combined assets would be a. Heres why cramer says gebaker hughes deal is a good fit. For questions about orders placed online use the green help tab located on the right side of the page. Careers at baker hughes baker hughes jobs baker hughes. Whether its deepreading lwd steering your well through the most hydrocarbonrich zones, capturing fluids for flow assurance studies, or building an accurate reservoir model to quantify your reserve estimates, you can count on us for the evaluation. Bakerline series completion portfolio baker hughes. General electric and baker hughes merge in a bullish bet on the future of energy heres why ge is merging with baker hughes, and what itll mean for the oil and gas sector if and when the deal.
Ge, baker hughes reach deal to merge oil and gas businesses by. The target well had been drilled to more than 25,000ft 7620m total measured depth tmd in 10,000 ft 3048 m of water. The merger will create the secondlargest oilfield service player in the world. Jul 04, 2017 baker hughes completes general electric merger, forms bhge.
With flow rates range from 50 to 10,500 bd, the flexpump series electrical submersible pumps esps have the industrys widest operating range. Baker hughes has invested on people, infrastructure and technology. Subsea tree retrofit capabilities for esp installation and retrieval. General electrics baker hughes deal sets precedent for others. Halliburton fights vps noncompete with baker hughes law360. Baker hughes 17021 aldine westfield houston, tx 77073 80050564. The deal it has just cooked up with baker hughes, an oilfieldservices rival, sets an intriguing precedent for the. Centrilift esp recirculation system improve gas handling while maximizing pressure draw down for greater production for more information on how the centrilift esp recirculation system can help you improve your production performance, contact your local baker hughes representative. To comply with the harmonic requirements, the vfd is configured with 6pulse silicon controlled rectifier scr to convert ac power into variable voltage dc power.
Ge where the latter integrated its oil and gas equipment and service. Tabulated engineering data on pumps include this may vary with companies. Pdf one of the limitations of achieving full potential in pumped wells is the presence of excessive free gas at. It uses a sixpulse silicon controlled rectifier scr front end to convert incoming ac power into variable voltage dc power. Zenith eseries esp gauges baker hughes, a ge company. The portfolio includes a select group of dependable core products that have been optimized to meet operator needs in standard well completions so you can improve completion reliability and economics. Jun 26, 2018 discussions about ge exiting baker hughes had been underway since at least november, when john flannery, chairman and ceo of ge, said he assigned a newly formed task force to evaluate exit. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting. Nov 02, 2016 shares of general electric have fallen 0. We are the marketleading esp systems provider for wells in mature conventional fields, unconventional plays, thermal recovery operations, and deepwatersubsea projects. Pdf challenges of using electrical submersible pump esp in. The culture clash behind ges quick exit from baker hughes. Ge continues to throw its considerable weight around, most recently with its announcement of a.
Als industry leading electric submersible pumps esp and quinn. Intelligent options combine multiparameter gauges with intelligent surface equipment to provide valuable data for well analyses including advanced parameters. Baker hughes, a ge company announces second quarter 2019. Electrical submersible pumping systems baker hughes, a. Improve your total lifting costs with reliable, efficient esp systems designed to improve up time and lower the cost of your operations. Ge, baker hughes reach agreement on proposed merger. Assistant managing editor, houston business journal may 2, 2016, 7. The merged business, which is due to be called baker hughes, a ge company, would rank as the worlds secondlargest listed oilfield. They deploy minds and machines to enhance customer productivity, safety and environmental stewardship, while minimizing costs and risks at every step of the energy value chain. Our combination of superior equipment and services allow you to lower li. Baker hughes, ge merger official, kicks off new era for ofs. We believe there is no better place than baker hughes, to make the transition into the civilian sector and progress your career. Baker hughes drills for safety and efficiency across its. Flexpump series electrical submersible pumps baker.
Baker hughes shareholders approve ge merger news for the. May 02, 2016 assistant managing editor, houston business journal may 2, 2016, 7. The baker hughes electrospeed advantage variable speed drive vsd is classified as a variable voltage inverter vvi. Baker hughes to explore alternative techniques and technologies for completing and stimulating its wells. Hughes tool, for instance, was founded not by aviation pioneer howard hughes but by his father. New baker hughes, a ge company, will be a leader in oil and gas productivity highly complementary transaction combines ges oil and gas technology, manufacturing and digital platform with baker hughes oilfield services offerings and technologiescombination creates an unparalleled company positioned to deliver value for customers and investorsge to own 62. Baker hughes brands of the world download vector logos. Get the weekly and monthly summaries here, or find more details on our rig count site. Baker hughes drills for safety and efficiency across its enterprise. Discussions about ge exiting baker hughes had been underway since at least november, when john flannery, chairman and ceo of ge, said he assigned a newly formed task force to. This win expands bhges position as the only electrical submersible pump esp supplier working for integrated oil. Ges oil business seen finding missing piece with baker hughes.
The agreement with federal officials would allow the parties to complete their proposed transaction under u. Halliburtonbaker hughes merger is off business insider. The joint venture was signed for a period of five years in november 2000. Baker hughes future uncertain as ge seeks exit options. View the centrilift pass digital brochure now by clicking the window above or downloading an interactive pdf or epub file below. Halliburton had attempted its own merger with baker hughes, but the. Department of justice that would allow them to complete their proposed transaction under the u. Baker hughes completes general electric merger, forms bhge.
We are the marketleading esp systems provider for wells in mature conventional fields, unconventional plays, thermal recovery operations, and. General electric to combine oil and gas unit with baker hughes. Baker hughes, ge merger to bring down cost of petroleum production. Meet bhge, a fullstream oil and gas company inventing smarter ways to bring energy to the world and taking on your hardest oil and gas challenges. The baker hughes designed and manufactured electrospeed advantage drive is classified as a variable voltage inverter vvi. This dc power is inverted to variable voltage variable frequency ac power and is used to drive an. In 2000, baker hughes and schlumberger formed a joint venture called westerngeco. In addition, the australian authorities said they would not oppose the merger.
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