Mr. Sipes to leverage 25 years of experience to lead a team of engineering professionals across North Texas Michael Baker International, a global leader in engineering, planning and consulting services, announced today that Jason Sipes, P.E., has joined the firm as Office Executive - Dallas. In this role, Mr. Sipes will lead a multidisciplinary team in executing client projects and expanding the firm's business with new [...]
Baker Hughes , an energy technology company, has been awarded a contract with Santos, a leading natural gas producer in Australia, to supply turbomachinery equipment for the Moomba Carbon Capture and Storage project . The project will serve a gas processing plant and permanently store 1.7 million tonnes of carbon dioxide annually in depleted natural gas reservoirs in the onshore Cooper Basin in South Australia. Baker [...]
Baker Hughes has been awarded a contract by Bechtel to provide high-efficiency gas turbines and centrifugal compressors to support the expansion of the Pluto LNG onshore processing facility in Western Australia, which is operated by Woodside. The construction of Pluto LNG's second train builds on Baker Hughes' existing technology supply for Pluto LNG's first train, which has been in operation since 2012, and further [...]
Baker Hughes will hold a webcast on Thursday, January 20, 2022 to discuss the results for the fourth quarter and full year ending December 31, 2021. The webcast is scheduled to begin at 8:30 a.m. Eastern Time . A press release announcing the results will be issued at 7:00 a.m. Eastern Time . To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be [...]
Energy technology company Baker Hughes and Shell Global Solutions BV have signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. The memorandum of understanding intends to build on the existing relationship between Shell and [...]
Baker Hughes , an energy technology company, has announced an investment in Ekona Power Inc., a growth stage company developing novel turquoise hydrogen production technology. Through its investment, Baker Hughes will enhance its broader hydrogen and natural gas decarbonization solutions portfolio, further contributing to the energy transition. This press release features multimedia. View the full release here [...]
Baker Hughes Company and Baker Hughes Holdings LLC announced today it will transfer the listing of its Class A common stock and listed bonds from the New York Stock Exchange to the Nasdaq Global Select Market . Baker Hughes expects to commence trading as a Nasdaq-listed company upon market open on December 7, 2021. Baker Hughes' Class A common stock will continue trading under the ticker symbol "BKR" after the transfer [...]
Baker Hughes has announced an investment in and a multi-year commercial alliance with Augury, a machine health solution provider, to deliver an expanded set of asset performance capabilities, providing connected data, analytics and insights into energy and industrial assets. The alliance builds on Baker Hughes' existing asset performance management capabilities and domain expertise in critical industrial assets. Through [...]
Baker Hughes announced today that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on November 12, 2021 to holders of record on November 2, 2021. About Baker Hughes: Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our [...]
Baker Hughes Company announced results today for the third quarter of 2021. Three Months Ended Variance September 30, 2021 June 30, 2021 September 30, 2020 Sequential Year-over- year Orders $ 5,378 $ 5,093 $ 5,106 6 % 5 % Revenue 5,093 5,142 5,049 % 1 % Operating income 378 194 95 % F Adjusted operating income 402 333 234 21 % 72 % Adjusted EBITDA 664 611 549 9 % 21 % Net income attributable to Baker Hughes 8 F F Adjusted [...]
The merger of Baker Hughes' Subsea Drilling Systems business and Akastor ASA's wholly-owned subsidiary, MHWirth AS , has been completed to form a global offshore drilling equipment company. The new company will be known as HMH , and as previously announced, Baker Hughes and Akastor own equal equity in the Company. HMH combines integrated delivery capabilities, capital, renowned industry expertise and delivers the full [...]
The merger of Baker Hughes' Subsea Drilling Systems business and Akastor ASA's wholly-owned subsidiary, MHWirth AS , has been completed to form a global offshore drilling equipment company. The new company will be known as HMH , and as previously announced, Baker Hughes and Akastor own equal equity in the Company. HMH combines integrated delivery capabilities, capital, renowned industry expertise and delivers the full [...]
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