General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday…
ABS awarded GE Service Provider recognition for GE’s Marine Solutions’ SeaStream Insight—a data analytics-informed solution that provides health and performance monitoring of rig equipment via a digital twin—enabling condition-based maintenance on ABS classed rigs…
General Electric Co is selling a portion of its stake in oilfield services provider Baker Hughes, the U.S. industrial conglomerate said on Tuesday, its latest move to raise cash and repay debt.GE, which bought Baker Hughes in July 2017, has…
Just months after GE and Baker Hughes completed their high-profile merger in July this year, GE's new CEO John Flannery has told investors on 13 November that the company is looking at its exit options regarding the newly combined business…
Baker Hughes, a GE company announced that its board of directors has elected BHGE President and Chief Executive Officer (CEO) Lorenzo Simonelli as chairman of the BHGE board, effective today (2 October). Simonelli…
GE Marine and Maersk Drilling are extending the scope of their digital partnership, following the success of their SeaStream Insight pilot project that was launched in November 2016. The collaboration brings the next big step in innovative…
General Electric’s (GE) investment arm GE Ventures on Tuesday announced the startup of Avitas Systems, which will use predictive data analytics, robotics, and artificial intelligence to deliver advanced inspection services to the oil and gas…
Baker Hughes and GE are one step closer to closing their proposed merger, after reaching an agreement with the US Department of Justice (DOJ), allowing the two companies to complete their proposed transaction under US law. Image from Baker Hughes…
General Electric Co. (GE) Chairman and CEO Jeff Immelt – who transformed the company into a digital industrial portfolio aligned to oil and gas and other key markets – will step down as CEO and retire from the company at year-end 2017. Immelt…
Baker Hughes and GE have gained clearance from the European Commission (EU) for the duo’s proposed merger. “The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to the oil and gas industry…
Greg Myers, of GE Oil & Gas, explains how the digital transformation of offshore assets enables a competitive advantage by reducing excessive inspection and maintenance costs and increasing uptime with real-time operational data. Fig…
GE has upgraded its ProSolv WI8581 wax inhibitor for offshore and onshore oil and gas production. Wax inhibitors help producers maintain an uninterrupted flow of crude oil. GE's upgraded product is highly concentrated and winterized to improve efficiency and cost-effectiveness…
Statoil has selected a consortium led by GE Water & Process Technologies and Halvorsen TEC to supply a complete seawater sulfate removal unit (SRU) to help protect production wells in Statoil’s Johan Castberg project in the Barents Sea, offshore Norway…
GE and Noble Corp. have entered a partnership to collaborate on the Digital Rig(SM) solution, enabling data-driven operational efficiency by using data analytics, with the target of a 20% reduction in operational expenditure across the rigs…
GE and Maersk Drilling have entered into a partnership to collaborate on a data analytic-driven pilot project with the aim to increase Maersk’s drilling vessels’ productivity and significantly reduce maintenance costs by up to 20%. The…
Subscribe
