BAKER HUGHES AND GE OIL & GAS CREATE BHGE

July 04, 2017

Baker Hughes, a GE company announced that the transaction combining GE’s oil and gas business with Baker Hughes is complete and BHGE created. The new company is the first and only to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development. BHGE’s global organization is designed to achieve business continuity, minimize disruption and meet and exceed performance objectives. It brings global scale and tailors its capabilities for the local needs of its customers. In numbers, that breaks down to:
• 70,000 people
• Operations in more than 120 countries
• Four product companies—Oilfield Services, Oilfield Equipment, Turbomachinery and Process Solutions, and Digital Solutions—and 24 product lines and segments
• Dual headquarters in Houston, TX and London, UK

Lorenzo Simonelli, president and CEO of Baker Hughes, a GE company said, “Disruptive change is the oil and gas industry’s new normal. We created BHGE because oil and gas customers need to withstand volatility, work smarter and bring energy to more people. Our offering is further differentiated from any other in the industry across the value stream and enables and assists our customers in driving productivity, while minimizing costs and risks.”
Simonelli continued, “BHGE has proven technologies and experience with the spirit of a startup, and our leadership team looks forward to quickly demonstrating the strengths of the new company. Our focus is on integrating our businesses quickly and seamlessly so we can drive long-term value for all of our stakeholders.”
(Source: Baker Hughes)

 

 

   BHGE Company Snapshot

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