Baker Hughes, a GE company announced today that the Baker Hughes international rig count for July 2018 was 997, up 38 from the 959 counted in June 2018, and up 38 from the 959 counted in July 2017. The international offshore rig count for July 2018 was 217, up 22 from the 195 counted in June 2018, and up 13 from the 204 counted in July 2017. The average U.S. rig count for July 2018 was 1,050, down 6 from the 1,056 counted [...]
Baker Hughes, a GE company announced today that the BHGE Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on August 24, 2018 to holders of record on August 14, 2018. The dividend will be funded by a distribution of $.18 per unit from Baker Hughes, a GE company, LLC to all of its members, including GE. About Baker Hughes, a GE company Baker Hughes, a GE company is the [...]
Baker Hughes, a GE company announced results today for the second quarter of 2018. Three Months Ended Combined Business Basis Variance June 30, March 31, June 30, Year-over- 2018 2018 2017 Sequential year Orders $ 6,036 $ 5,238 $ 5,557 15% 9% Revenue 5,548 5,399 5,416 3% 2% Operating income 78 F F Adjusted operating income * 289 228 119 27% F Net income attributable to BHGE 70 N/A U N/A Adjusted net income attributable to [...]
Baker Hughes, a GE company today announced an agreement to sell its Natural Gas Solutions business to two separate entities, First Reserve and Pietro Fiorentini S.p.A., for a combined value of $375 million. NGS is part of BHGE’s Turbomachinery & Process Solutions segment, providing commercial and industrial products such as gas meters, chemical injection pumps, pipeline repair products and electric actuators. The [...]
Baker Hughes, a GE company announced today that the Baker Hughes international rig count for June 2018 was 959, down 8 from the 967 counted in May 2018, and down 1 from the 960 counted in June 2017. The international offshore rig count for June 2018 was 195, down 3 from the 198 counted in May 2018, and down 2 from the 197 counted in June 2017. The average U.S. rig count for June 2018 was 1,056, up 10 from the 1,046 [...]
McDermott and consortium partner Baker Hughes awarded phase two of the Shwe gas field development, offshore Western Myanmar - Project scope includes subsea umbilicals, risers and flowlines, subsea production systems for an eight-well development and modifications to tie-back the new facilities to an existing platform - The award follows the completion of a front-end engineering and design competition and tender for the [...]
Baker Hughes, a GE company has been awarded a substantial contract* from Chevron Australia Pty Ltd. for the supply of subsea production equipment, under a 15-year Master Service Order , with a second contract for well completion equipment. These technology solutions will enable a second development phase within the Greater Gorgon area offshore Australia, helping to maintain gas supply to the downstream LNG plant. This [...]
Baker Hughes, a GE company will hold a webcast on Friday, July 20, 2018 to discuss the results for the second quarter ending June 30, 2018. The webcast is scheduled to begin at 9:30 a.m. Eastern Time . A press release announcing the results will be issued at 6:45 a.m. Eastern Time . To access the webcast, listeners should visit the BHGE website at: investors.bhge.com. An archived version of the webcast will be available [...]
Baker Hughes, a GE company announced today that the company was awarded an integrated well services contract to support a large proportion of Equinor’s drilling and well construction activities in the Norwegian sector of the North Sea for an initial period of four years with options to extend by up to 10 years. This partnership aims to significantly improve operational efficiencies and reduce well costs over the [...]
Baker Hughes, a GE company will supply turbomachinery equipment for the expansion of Cheniere’s LNG facility in Corpus Christi, Texas. Cheniere announced a positive Final Investment Decision and the plan to issue a full notice to proceed to continue construction on the third liquefaction train at Cheniere’s Corpus Christi liquefaction project . According to the company, this represents the first FID on new [...]
Baker Hughes, a GE company announced today that the Baker Hughes international rig count for May 2018 was 967, down 11 from the 978 counted in April 2018, and up 10 from the 957 counted in May 2017. The international offshore rig count for May 2018 was 198, up 4 from the 194 counted in April 2018, and down 4 from the 202 counted in May 2017. The average U.S. rig count for May 2018 was 1,046, up 35 from the 1,011 counted [...]
Baker Hughes, a GE company announced today that the BHGE Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on June 1, 2018 to holders of record on May 22, 2018. The dividend will be funded by a distribution of $.18 per unit from Baker Hughes, a GE company, LLC to all of its members, including GE. About Baker Hughes, a GE company Baker Hughes, a GE company is the world’s [...]
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