Baker Hughes Company

Baker Hughes and C3 AI today announced the successful deployment of the BHC3 Production Optimization enterprise AI application at MEG Energy, an Alberta, Canada-based energy company, to improve operational efficiency, productivity, and to better visualize risk across the company's upstream production operations. MEG Energy leverages innovative technology to reduce energy and water use, along with greenhouse gas intensity [...]

New office to expand firm's business in Northwest Arkansas Michael Baker International, a global leader in engineering, planning and consulting services, announced today that Mike Stengel, P.E., is taking on a new leadership position within the firm's Gulf Coast Region as he leads the opening of a new office in Bentonville, Arkansas. As Vice President and Office Executive, Mr. Stengel will focus on managing the firm's [...]

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 August 20, 2021 to holders of record on August 10, 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 today that its Board of Directors has authorized Baker Hughes Holdings LLC to repurchase up to $2 billion of its common units. The Company will use the proceeds from the sale of its BHH LLC common units to repurchase its Class A shares. "We are generating strong cash flow and are confident in our short-term operational outlook and long-term strategic positioning. Today's announcement [...]

Baker Hughes Company announced results today for the second quarter of 2021. Three Months Ended Variance June 30, 2021 March 31, 2021 June 30, 2020 Sequential Year-over- year Orders $ 5,093 $ 4,541 $ 4,888 12 % 4 % Revenue 5,142 4,782 4,736 8 % 9 % Operating income 194 164 18 % F Adjusted operating income 333 270 104 23 % F Adjusted EBITDA 611 562 444 9 % 38 % Net loss attributable to Baker Hughes 85 % 65 % Adjusted net [...]

Baker Hughes announced today that it has been awarded two flexible pipe contracts by Petrobras in the second quarter of 2021. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields and the second contract covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields. Including two flexible pipe contracts Petrobras awarded to Baker Hughes for the Buzios field in the [...]

Baker Hughes , an energy technology company, has announced an investment in Electrochaea, a growth stage company developing novel proprietary bio-methanation technology. Through its investment, Baker Hughes will enhance its broader carbon capture and utilization portfolio and provide an integrated solution for customers across the carbon dioxide value chain to enable the production of low carbon synthetic natural gas from [...]

Baker Hughes , an energy technology company, and Borg CO2 AS, a Norwegian carbon capture and storage developer for industrial clusters, have announced a memorandum of understanding to collaborate on a carbon capture and storage project to serve as a hub for the decarbonization of industrial sites in the Viken region of Norway. The project aims to capture and store up to 90% of the CO2 emissions from the involved [...]

Baker Hughes will hold a webcast on Wednesday, July 21, 2021 to discuss the results for the second quarter ending June 30, 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 available on the [...]

Mr. Hopper to leverage 40 years of experience and drive strategic growth in firm's West Region Michael Baker International, a global leader in engineering, planning and consulting services, announced today that Les Hopper, P.E., has joined the firm as Regional Practice Lead - Transportation for the West Region. With four decades of industry experience managing, planning and designing both public and private projects, Mr [...]