Baker Hughes to Restructure Organization into Two Units

© cristianstorto / Adobe Stock
© cristianstorto / Adobe Stock

Oilfield services firm Baker Hughes Co said on Tuesday it will simplify its organizational structure by reducing its business units to two from four, starting October 1.

The company added it expects to deliver at least $150 million in cost savings.

The Houston, Texas-based firm said it will combine its Oilfield Services and Oilfield Equipment units to form Oilfield Services & Equipment. Maria Claudia Borras will be the Executive Vice President (EVP) of the unit.

It will also create an Industrial & Energy Technology unit by merging its Turbomachinery & Process Solutions and Digital Solutions businesses. Rod Christie will be the EVP of the unit.


(Reuters - Reporting by Ruhi Soni; Editing by Krishna Chandra Eluri)

Current News

RWE and NBIM Complete Offshore Wind Transaction

RWE and NBIM Complete Offshore

TotalEnergies and Shell Exchange Lipa and Gato do Mato Stakes

TotalEnergies and Shell Exchan

Solstad AHTS Vessels Get Clearance for Work Offshore Brazil

Solstad AHTS Vessels Get Clear

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

Aker Solutions, PTAS JV Hooks

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine