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2014-09-05 17:50:00

BAKER HUGHES & AKER SOLUTIONS ALLIANCE

BAKER HUGHES & AKER SOLUTIONS ALLIANCE

Baker Hughes Incorporated (NYSE: BHI) and Aker Solutions (OSE: AKSO) announced today that they have received the necessary regulatory approvals for the Subsea Production Alliance announced in April 2014.

Earlier this year, Baker Hughes and Aker Solutions agreed to form an alliance to develop technology for production solutions designed to boost output, increase recovery rates and reduce costs for subsea fields. The alliance combines Aker Solutions' strengths in subsea production and processing systems with Baker Hughes' expertise in well completions and artificial-lift technology to deliver reliable, integrated in-well and subsea production solutions that will help mitigate…

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Tags: BAKER, HUGHES, AKER, SOLUTIONS, OIL, GAS
Chronicle:
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