Baker Hughes Co.
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Baker Hughes is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward—making it safer, cleaner and more efficient for people and the planet.
Editor's note: Updated Oct. 17, 2019.
Transactions
Baker Hughes Agrees to Local Buyout of Russian OFS Unit
Baker Hughes Agrees to Local Buyout of Russian OFS Unit
Baker Hughes to Acquire Well Specialist Altus Intervention
Baker Hughes to Acquire Well Specialist Altus Intervention
Baker Hughes Invests in Synthetic Natural Gas Startup
Baker Hughes Invests in Synthetic Natural Gas Startup
Baker Hughes to Merge Offshore Drilling Business in JV Transaction
Baker Hughes to Merge Offshore Drilling Business in JV Transaction
Baker Hughes’ Latest Acquisition to Strengthen Digital Solutions Portfolio
Baker Hughes’ Latest Acquisition to Strengthen Digital Solutions Portfolio
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New Financings
Closed an offering of 4.486% senior notes due 2030 that were offered and sold pursuant to an underwriting…
Baker Hughes, a GE company has priced a secondary offering of 115 million shares of BHGE Class A…
Baker Hughes, a GE company, said Sept. 10 that General Electric Co. and GE Oil &…
General Electric Co. has commenced a secondary offering of 92 million shares of BHGE Class A common stock…
Baker Hughes priced its tender offering of senior notes at $3.95 billion aggregate principal amount of…
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News
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
Drillers in the Permian Basin drillers cut three rigs, bringing the total down to 282, the lowest since November 2021.
Carbon Capture Outlook Shows Signs of Brightening
Companies big and small are responding to global incentives to catch and store CO2.
1Q25 Trend: US Producers Pivot on Market Uncertainty, Cut Capex and Rigs
Macro volatility and price uncertainty topped most discussions in first-quarter earnings calls as companies including Diamondback Energy, Occidental Petroleum and Coterra Energy reduce spending and rig counts.
Get a Lift: Baker Hughes Innovates ESPs with AI, Physics Modeling
The Leucipa ESP Optimizer was recognized with the Spotlight on New Technology award at the Offshore Technology Conference.
US Oil, Gas Rig Count Falls to Lowest Since January
The oil and gas rig count fell by six to 578 in the week to May 9. Baker Hughes said this week's decline puts the total rig count down 25, or 4% below this time last year.
Weatherford CEO: Rocky Offshore Market to Rebound in 2026
Volatility in 2025 has created a ‘temporary blip,’ in the market, but amid commodity price turmoil Weatherford CEO Girish Saligram sees pockets of strength in the global oil market.
The Haynesville-to-LNG Pipeline-Palooza
As up to 13 Bcf/d of new gas demand is incoming from Louisiana and southeast Texas Gulf Coast LNG developers, midstream operators are adding big pipe to deliver more from the Haynesville.
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks
Baker Hughes said oil rigs fell by four to 479 this week, while gas rigs rose by two to 101.
Dividends Declared Week of April 21
With first-quarter 2025 earnings underway, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
US Drillers Add Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count rose by two to 587 in the week to April 25. Despite this week's rig increase, Baker Hughes said the total count was still down 26, or 4% below this time last year.
Oil Industry ‘Bracing for a Crisis’ as Tariffs Roil Market—WoodMac
Oilfield services companies say they’re navigating short-term uncertainty and maintaining long-term confidence while tariffs and increased OPEC production could increase costs up to 4% onshore and 14% offshore.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks
The oil and gas rig count rose by two to 585 in the week to April 17. Despite this week's rig increase, Baker Hughes said the total count was still down 34 rigs, or 5% below this time last year.
Haynesville Gas Minerals Ground War Turns Cutthroat Amid Scarcity
Buyers seeking Haynesville Shale minerals packages will need to pay up or get creative, experts said April 15 at the Mineral & Royalty Conference in Houston.
Oilfield Services Outlook Goes from Not Great to Not Good
Piper Sandler Analyst Derek Podhaizer studied how the market reacted to previous price shocks to determine the 2025 playbook for the oilfield services sector.
US Oil Rig Count Falls by Most in a Week Since June 2023
The oil and gas rig count fell by seven to 583 in the week to April 11. Baker Hughes said this week's decline puts the total rig count down 34 rigs, or 6% below this time last year.
IndustryVoice
IndustryVoice: A Bold New Take on the Industry’s Most Popular Pump
Join Dana Meadows, Baker Hughes Artificial Lift Systems, as she discusses the newest pump in the LIFTPrime 400 Series, the E2000. This new workhorse reduces the number of pumps needed in your ESP string from 3 to 2 and offers the highest power efficiency range across the widest operating range in the industry, for efficient, versatile, and more economic operations.
IndustryVoice: Comprehensive Gas Management for ESPs Transforms Gas Challenges into Smooth, Efficient Operations
The industry’s premier holistic Gas Management service from Baker Hughes combines proven technologies and intelligent algorithms to reverse gas-related production declines and increase lift efficiency in electrical submersible pumping (ESP) systems.
IndustryVoice: Industry’s Leading Rigless ESP System Eliminates Costly Workovers to Advance Oilfield Efficiency
Electrical submersible pumping (ESP) is a proven artificial lift solution for extending the production life of wells worldwide. But installing conventional, tubing-deployed ESP systems is costly and time-consuming—costing operators millions in production downtime and workovers while raising HSE risks at the rig site and expanding the field’s carbon footprint.
IndustryVoice: Driving Production Gains While Lowering Costs and Carbon Emissions
In their quest to do more with less, operators keep looking for ways to produce more oil and gas while lowering lifting costs and minimizing their carbon footprints. The CENefficient™ ESP system from Baker Hughes delivers, with integrated technologies that boost the efficiency, reliability, and flexibility of artificial lift—all while reducing power consumption, carbon emissions, and operating costs.
IndustryVoice: Providing Cost-Effective, Scalable Pumping Solutions for Carbon Capture Utilization and Storage
As the pace of carbon capture, utilization, and storage (CCUS) projects accelerates, operators will need more efficient, flexible, and reliable pumping solutions. HPump™ surface pumping systems from Baker Hughes fit this need, with modular, scalable designs that easily adapt to changing capacity requirements.