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All publications by tag «HUGHES»

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2019, April, 1, 10:40:00

ADNOC, BAKER HUGHES PARTNERSHIP

ADNOC plans to grow its conventional drilling activity by 40% by 2025 and substantially ramp up the number of its unconventional wells, as it targets 4mn barrels of oil production capacity per day by the end of 2020 and 5mn by 2030

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2019, February, 1, 10:30:00

BHGE NET INCOME $131 MLN

BHGE - “2018 marked BHGE’s first full year as a combined company and it was a year of significant change and progress for us. We moved beyond the initial integration phase into the next chapter for BHGE. In November, our majority shareholder, GE, reduced their ownership from approximately 62.5% to approximately 50.4%, and we reached critical commercial agreements with GE that position our company for the future. The market environment changed significantly as we progressed through the year. ” said Lorenzo Simonelli, BHGE Chairman, President and Chief Executive Officer.

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2018, October, 31, 12:40:00

BHGE NET INCOME $13 MLN

BHGE - Orders of $5.7 billion for the quarter, down 5% sequentially and flat year-over-year. Revenue of $5.7 billion for the quarter, up 2% sequentially and up 7% year-over-year. GAAP operating income of $282 million for the quarter, increased $204 million sequentially and increased $475 million year-over-year.

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2018, October, 10, 07:30:00

BHGE ACCURES 5% IN ADNOC: $11 BLN

BHGE - BHGE will acquire a five percent stake in ADNOC Drilling. The transaction values ADNOC Drilling at approximately $11 billion.

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2018, October, 5, 12:05:00

ONGC CONTRACT: $1.7 BLN

OGJ - State-owned Oil & Natural Gas Corp. has let a contract for combined subsea work on its KG-DWN-98/2 (“Cluster-2”) deepwater development off eastern India to a consortium of Baker Hughes, a GE company, McDermott International Inc., and L&T Hydrocarbon Engineering, a subsidiary of Larsen & Toubro.

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2018, September, 5, 10:30:00

BAKER HUGHES & SAUDI ARAMCO CONTRACT

PLATTS - Saudi Aramco has awarded Baker Hughes a major services contract to boost crude oil production from Saudi Arabia's offshore Marjan oil field.

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2018, July, 23, 13:05:00

BAKER HUGHES NET LOSS $19 MLN

BAKER HUGHES A GE - Orders of $6.0 billion for the quarter, up 15% sequentially and up 9% year-over-year on a combined business basis. Revenue of $5.5 billion for the quarter, up 3% sequentially and up 2% year-over-year on a combined business basis. GAAP operating income of $78 million for the quarter, increased $119 million sequentially and increased $223 million year-over-year on a combined business basis.

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2018, April, 23, 14:05:00

BAKER HUGHES GE NET INCOME $70 MLN

BHGE - Baker Hughes, a GE company Announces First Quarter 2018 Results Revenue of $5.4 billion for the quarter, down 7% sequentially and up 1% year-over-year on a combined business basis GAAP operating loss of $41 million for the quarter, decreased 63% sequentially and increased unfavorably year-over-year on a combined business basis Adjusted operating income (a non-GAAP measure) of $228 million for the quarter, down 20% sequentially and down 19% year-over-year on a combined business basis

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2017, October, 23, 11:05:00

BAKER HUGHES NET LOSS $104 BLN

“The combination of GE Oil & Gas and Baker Hughes closed on July 3, and we are pleased with our progress during our first operating quarter. Despite the continuing challenging environment, we delivered solid orders growth and secured important wins from customers, advanced existing projects and enhanced our technology offerings in the quarter. We also achieved key integration milestones and made significant progress working as a combined company. I am now more convinced than ever that we combined the right companies at the right time,” said Lorenzo Simonelli, BHGE chairman and chief executive officer.

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2017, July, 5, 12:10:00

GE & BAKER HUGHES DEAL

General Electric Co. closed its deal to combine its long-suffering energy business with Baker Hughes Inc. on Monday, creating one of the largest companies in the oil-field services industry.

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