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$BHI News

Last published 9y ago

  • 9y agoBHGEBHIBaker Hughes and GE Oil & Gas Complete Combination, Creating the World’s First and Only Fullstream Oil and Gas CompanyBusiness WireLONDON & HOUSTON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE: BHGE) announced today that the transaction combining GE’s oil and gas business with Baker Hughes is complete. 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.
  • 9y agoGEBHGEBHIGE Announces Completion of GE Oil & Gas and Baker Hughes MergerBusiness WireBOSTON--(BUSINESS WIRE)--GE (NYSE:GE) announced today the completion of the previously announced combination of GE’s oil and gas business with Baker Hughes. Baker Hughes, a GE company (NYSE:BHGE) is the first and only company to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development.
  • 9y agoBHIBaker Hughes Stockholders Approve Combination with GE Oil & GasBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) today announced that more than 99% of the votes cast at the special meeting of Baker Hughes stockowners were voted to approve the previously announced combination of Baker Hughes with General Electric Company’s oil and gas business ("GE Oil & Gas"). The combination will create Baker Hughes, a GE company, which will be traded on the New ...
  • 9y agoBHIGEBaker Hughes and GE Reach Agreement with DOJ to Complete Proposed TransactionBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that they have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Today’s milestone represents significant progress toward creating an oil and gas productivity leader positioned to deliver value fo ...
  • 9y agoBHIBaker Hughes Announces May 2017 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2017 was 957, up 1 from the 956 counted in April 2017, and up 2 from the 955 counted in May 2016. The international offshore rig count for May 2017 was 202, up 1 from the 201 counted in April 2017, and down 27 from the 229 counted in May 2016.
  • 9y agoBHIGEBaker Hughes and GE Announce Executive Leadership Team for Baker Hughes, a GE CompanyBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) today announced the executive team that will lead Baker Hughes, a GE Company upon closing of their proposed transaction to combine GE’s Oil & Gas business with Baker Hughes.
  • 9y agoBHIGEBaker Hughes and GE Receive Clearance from the European CommissionBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that the European Commission has cleared the proposed transaction between Baker Hughes and GE’s oil and gas business under EU merger control rules. The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to th ...
  • 9y agoBHIBaker Hughes Announces April 2017 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for April 2017 was 956, up 13 from the 943 counted in March 2017, and up 10 from the 946 counted in April 2016. The international offshore rig count for April 2017 was 201, up 4 from the 197 counted in March 2017, and down 19 from the 220 counted in April 2016.
  • 9y agoBHIBaker Hughes Introduces Long-Life PDC Bit to Reduce Trips in High Horsepower Drilling OperationsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today the commercial release of its Dynamus™ extended-life polycrystalline diamond compact (PDC) drill bit which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly (BHA) tools that wear out in high horsepower drilling operations. The Dynamus bit is built on a robust frame that ...
  • 9y agoBHIBaker Hughes Introduces Revolutionary Multistage Fracturing Service for Deep WaterBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today the introduction of its DEEPFRAC™ deepwater multistage fracturing service, which can save operators hundreds of millions of dollars in offshore developments through unprecedented efficiency gains across the completion phase. Using multiposition sleeves and patented flowback control technology, the service accelerates or ...
  • 9y agoBHIBaker Hughes Declares Quarterly DividendBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable May 19, 2017 to holders of record on May 8, 2017.
  • 9y agoBHIBaker Hughes Announces First Quarter ResultsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) announced today results for the first quarter of 2017.
  • 9y agoBHIBaker Hughes Announces March 2017 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2017 was 943, up 2 from the 941 counted in February 2017, and down 42 from the 985 counted in March 2016. The international offshore rig count for March 2017 was 197, down 3 from the 200 counted in February 2017, and down 14 from the 211 counted in March 2016.
  • 9y agoBHIBaker Hughes Announces Date for First Quarter 2017 Earnings Release and Conference CallBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its financial results for the first quarter 2017 on Tuesday, April 25, 2017, at 6:30 a.m. Eastern Time (5:30 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
  • 9y agoBHIBaker Hughes Announces February 2017 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2017 was 941, up 8 from the 933 counted in January 2017, and down 77 from the 1,018 counted in February 2016. The international offshore rig count for February 2017 was 200, down 6 from the 206 counted in January 2017, and down 25 from the 225 counted in February 2016.
  • 9y agoGEBHIGE and Baker Hughes Receive Expected Requests for Additional Information from the DOJBusiness WireBOSTON & HOUSTON--(BUSINESS WIRE)--General Electric Company (NYSE: GE) and Baker Hughes Incorporated (NYSE: BHI) today announced that the companies have each received a request for additional information (“second request”) from the United States Department of Justice (“DOJ”) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The second requests were issued u ...
  • 9y agoBHIBaker Hughes’ Chairman and CEO to Present at Scotia Howard Weil 2017 Energy ConferenceBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) announced today that the company’s Chairman and Chief Executive Officer Martin Craighead will present at Scotia Howard Weil Energy Conference on Tuesday, March 28, 2017, at 10:15 a.m. Eastern Time (9:15 a.m. Central Time).
  • 9y agoBHISaudi Aramco and Baker Hughes Introduce Innovative Cable-Deployed ESP SystemBusiness WireHOUSTON--(BUSINESS WIRE)--Saudi Aramco and Baker Hughes (NYSE:BHI) announced today the first installation of the TransCoil™ rigless-deployed electrical submersible pumping (ESP) system, which is designed to help operators bring wells on production faster and lower the costs associated with installing and replacing ESPs. Because they can eliminate the need for a rig in fields where rig availability ...
  • 9y agoBHIBaker Hughes Announces January 2017 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2017 was 933, up 4 from the 929 counted in December 2016, and down 112 from the 1,045 counted in January 2016. The international offshore rig count for January 2017 was 206, down 4 from the 210 counted in December 2016, and down 36 from the 242 counted in January 2016.
  • 9y agoGEBHIGE Posts Supplemental Financial Information on GE Oil & GasBusiness WireBOSTON--(BUSINESS WIRE)--GE (NYSE:GE) today announced that it has posted supplemental historical financial data for its oil and gas business (“GE Oil & Gas”). The supplemental data, which updates the GE Oil & Gas financial data previously posted on November 7, 2016 with full year results for 2016, will be posted on GE’s investor website http://www.ge.com/investor-relations/ir-events/ge-4th-quarter ...
  • 9y agoBHIBaker Hughes Declares Quarterly DividendBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable February 17, 2017 to holders of record on February 6, 2017.
  • 9y agoBHIBaker Hughes Announces Fourth Quarter and Annual ResultsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today results for the fourth quarter and full year of 2016.
  • 9y agoBHIBaker Hughes Announces December 2016 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2016 was 929, up 4 from the 925 counted in November 2016, and down 166 from the 1,095 counted in December 2015. The international offshore rig count for December 2016 was 210, down 1 from the 211 counted in November 2016, and down 40 from the 250 counted in December 2015.
  • 9y agoBHIBaker Hughes Announces Date for Fourth Quarter and Full Year 2016 Earnings Release and Conference CallBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its financial results for the fourth quarter and full year of 2016 on Thursday, January 26, 2017, at 6:30 a.m. Eastern Time (5:30 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
  • 9y agoBHIBaker Hughes, CSL Capital Management and Goldman Sachs’ Merchant Banking Division Close Transaction to Form BJ ServicesBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI), CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the Merchant Banking Division of Goldman Sachs, announced today that they have completed their pending transaction to create the new BJ Services, a pure-play North American land pressure pumping company providing hydraulic fracturing and cementing service ...
  • 9y agoBHIBaker Hughes Announces November 2016 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2016 was 925, up 5 from the 920 counted in October 2016, and down 184 from the 1,109 counted in November 2015. The international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down 48 from the 259 counted in November 2015.
  • 9y agoBHIBaker Hughes, CSL Capital Management and Goldman Sachs’ Merchant Banking Division Agree to Form North American Land Pressure Pumping CompanyBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI), CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the Merchant Banking Division of Goldman Sachs, announced today an agreement to create a pure-play North American land pressure pumping company. The new company will leverage operational experience and industry expertise to provide customers with leading ...
  • 10y agoBHIBaker Hughes Announces Investor MeetingBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) announced today that leaders from Baker Hughes and GE Oil & Gas will host an investor meeting in New York City on Thursday, December 8, 2016. The meeting will begin at 9:00 a.m. Eastern time (8:00 a.m. Central time) and will be available for the public to view via a live webcast.
  • 10y agoBHIGEOverview of GE Oil & Gas, Historical Financial Details and Supplemental Information on the Proposed Baker Hughes and GE Oil and Gas Transaction Made Available on Baker Hughes’ Investor WebsiteBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes (NYSE: BHI) today announced that it has posted a link on its investor website (www.bakerhughes.com/investor) to supplemental material provided by General Electric Company (NYSE: GE) regarding the previously announced agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a u ...
  • 10y agoGEBHIGE Posts Overview of GE Oil & Gas, Historical Financial Details, and Supplemental Information on the Baker Hughes TransactionBusiness WireBOSTON--(BUSINESS WIRE)--GE (NYSE: GE) today announced that it has posted supplemental material regarding the previously announced agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes (NYSE: BHI) to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. The company has posted the supplemental information including an ...
  • 10y agoBHIBaker Hughes Announces October 2016 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for October 2016 was 920, down 14 from the 934 counted in September 2016, and down 191 from the 1,111 counted in October 2015. The international offshore rig count for October 2016 was 200, down 21 from the 221 counted in September 2016, and down 70 from the 270 counted in October 2015.
  • 10y agoBHIBaker Hughes Inc (BHI) GE and Baker Hughes Agree to Create New Fullstream Digital Industrial Services Company (Transcript)Earnings Call Transcripts
  • 10y agoGEBHIGE and Baker Hughes Agree to Create New Fullstream Digital Industrial Services CompanyBusiness WireBOSTON & HOUSTON--(BUSINESS WIRE)--GE (NYSE:GE) and Baker Hughes (NYSE:BHI) today announced that the companies have entered into an agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. The “New” Baker Hughes will be a leading equipment, technology and services ...
  • 10y agoBHIBaker Hughes and GE to Host Investor Webcast Monday October 31 at 8:30 AM ETBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes (NYSE:BHI) and General Electric will host an Investor webcast at. 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on October 31, 2016. The webcast and accompanying slides can be accessed on our investor website www.bakerhughes.com/investor prior to the call. A replay of the webcast will be available on the company’s website after the call.
  • 10y agoBHIBaker Hughes Declares Quarterly DividendBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable November 18, 2016 to holders of record on November 7, 2016.
  • 10y agoBHIBaker Hughes (BHI) Q3 2016 Results - Earnings Call TranscriptEarnings Call Transcripts
  • 10y agoBHIBaker Hughes Announces Third Quarter ResultsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today results for the third quarter of 2016.
  • 10y agoBHIBaker Hughes Announces September 2016 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2016 was 934 down 3 from the 937 counted in August 2016, and down 206 from the 1,140 counted in September 2015. The international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 47 from the 268 counted in September 2015.
  • 10y agoBHIBaker Hughes Announces Date for Third Quarter 2016 Earnings Release and Conference CallBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its third quarter financial results on Tuesday, October 25, 2016, at 6:30 a.m. Eastern Time (5:30 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
  • 10y agoBHIBaker Hughes Announces August 2016 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for August 2016 was 937 down 1 from the 938 counted in July 2016, and down 200 from the 1,137 counted in August 2015. The international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 42 from the 270 counted in August 2015.
  • 10y agoBHIBaker Hughes’ Chairman and CEO to Present at 2016 Barclays CEO Energy-Power ConferenceBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) announced today that the Company’s Chairman and Chief Executive Officer Martin Craighead will present at the Barclays CEO Energy-Power Conference on Wednesday, September 7, 2016, at 10:25 a.m. Eastern time.
  • 10y agoBHIBaker Hughes Announces July 2016 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2016 was 938, up 11 from the 927 counted in June 2016, and down 180 from the 1,118 counted in July 2015. The international offshore rig count for July 2016 was 226, up 3 from the 223 counted in June 2016, and down 38 from the 264 counted in July 2015.
  • 10y agoBHIBaker Hughes Declares Quarterly DividendBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable August 19, 2016 to holders of record on August 8, 2016.
  • 10y agoBHIBaker Hughes' (BHI) CEO Martin Craighead on Q2 2016 Results - Earnings Call TranscriptEarnings Call Transcripts
  • 10y agoBHIBaker Hughes Announces Second Quarter ResultsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today results for the second quarter of 2016.
  • 10y agoBHIBaker Hughes Announces June 2016 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for June 2016 was 927 down 28 from the 955 counted in May 2016, and down 219 from the 1,146 counted in June 2015. The international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, and down 54 from the 277 counted in June 2015.
  • 10y agoBHIBaker Hughes Announces Date for Second Quarter 2016 Earnings Release and Conference CallBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE: BHI) announced today that it will release its second quarter financial results on Thursday, July 28, 2016, at 7:00 a.m. Eastern Time (6:00 a.m. Central Time). The company’s management will host an investor conference call to discuss results at 8:00 a.m. Eastern Time (7:00 a.m. Central Time).
  • 10y agoBHIBaker Hughes Announces Pricing Terms of Tender Offer for Certain Outstanding Debt SecuritiesBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (the “Company”) (NYSE:BHI) announced today the pricing terms of its previously announced cash tender offer (the “Tender Offer”) for up to $1 billion combined aggregate principal amount (the “Maximum Tender Amount”) of its or its subsidiary’s 6.000% Senior Notes due 2018, 7.500% Senior Notes due 2018, 3.200% Senior Notes due 2021, 8.550% Debenture ...
  • 10y agoBHIBaker Hughes Announces Early Results of Tender Offer for Certain Outstanding Debt SecuritiesBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (the “Company”) (NYSE:BHI) announced today that, pursuant to its previously announced cash tender offer (the “Tender Offer”) for up to $1 billion combined aggregate principal amount (the “Maximum Tender Amount”) of its or its subsidiary’s 6.000% Senior Notes due 2018, 7.500% Senior Notes due 2018, 3.200% Senior Notes due 2021, 8.550% Debentures d ...
  • 10y agoBHIBaker Hughes Announces May 2016 Rig CountsBusiness WireHOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2016 was 955 up 9 from the 946 counted in April 2016, and down 203 from the 1,158 counted in May 2015. The international offshore rig count for May 2016 was 229, up 9 from the 220 counted in April 2016, and down 55 from the 284 counted in May 2015.