Baker Hughes Co News
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions. It serves oil and natural gas companies; the United States and international independent oil and natural gas companies; national or state-owned oil companies; engineering, procurement, and construction contractors; geothermal companies; and other oilfield service companies. The IET segment designs, manufactures, tests, and installs gas technology equipment, including drivers, driven equipment, flow control, and turnkey solutions for the mechanical-drive, compression, and power-generation applications; and gas technology services, such as advanced solutions, spare parts, specialized field service engineers, and repair services. This segment also provides rack-based vibration monitoring equipment and sensors; integrated asset performance management products; inspection services; pumps, valves, and gears; precision sensors and instrumentation, and controls. It serves upstream, midstream, downstream, onshore, offshore, and small and large scale customers. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company was incorporated in 2016 and is based in Houston, Texas.
see moreBaker Hughes Co Market News
19 Nov at 07:33
Baker Hughes Wins Alaska LNG Compressor Deal
- Baker Hughes (BKR) secured a definitive agreement to supply main refrigerant compressors and power equipment for the Alaska LNG project and will make a strategic investment. The deal adds long-term backlog visibility, while recent trading and analyst targets show modest upside. U.S. rig count gains provide additional activity support for BKR’s oilfield services.
12 Nov at 07:34
Baker Hughes Secures Rio Grande LNG Order Q3 Boost
Baker Hughes (BKR) won a Rio Grande LNG equipment order and reported solid Q3 results, reinforcing its Industrial & Energy Technology (IET) momentum. The piece covers the Train 5 awards, Q3 financials, dividend, and strategic context from the Chart Industries acquisition.
05 Nov at 07:31
BKR Drops 5% After Volume Surge - What’s Next? Now
Baker Hughes (BKR) fell about 5% on Nov. 4 amid a heavy volume spike, but recent Q3 results, a large Chart Industries acquisition, and analyst upgrades suggest the pullback may be driven by broad market pressure rather than company-specific deterioration.