28 Facts About Baker Hughes

Baker Hughes Company is an American international industrial service company and one of the world's largest oil field services companies.

Baker Hughes provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting.

Baker Hughes is organized in Delaware and headquartered in Houston.

Baker Hughes provide a wide range of products and services, covering all areas of oil and gas exploration and production.

Baker Hughes is the combination of many companies that have developed and introduced technology to serve the petroleum service industry.

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Each time, Hughes asked the drilling crew to leave the rig floor, pulled the bit from a locked wooden box, and then his associates ran the bit into the hole.

Baker Hughes was renamed Hughes Tool Company in 1915, and Hughes, Jr.

Reuben C Baker was a farm boy with a third grade education who followed his brother Aaron Alphonso Baker into the oil business.

In early 1956, during one of the most successful periods in the company's history, Baker Hughes retired as President of Baker Hughes Oil Tools and was succeeded by his long-time associate Ted Sutter.

Baker Hughes died only a few weeks later after a brief illness at the age of 85.

On June 11,2012, during the annual period of negotiations between trade unions, including SAFE, the Norwegian union for energy workers, and their employer counterparts in Norway, 114 Baker Hughes employees were called to a strike action, which would have affected over a dozen installations.

In September 2019, GE announced it had sold some of its shares in Baker Hughes, therefore losing its majority control of the company.

Baker Hughes subsequently divested from GE becoming an independent company .

In 2021, Baker Hughes announced a Memorandum of Understanding with Borg CO2 to develop carbon capture, liquefaction, and transportation technologies on a waste-to-energy plant in Sarpsborg.

In 1990, the Baker Hughes acquired Eastman Christensen from Norton Abrasives for $550 million.

Baker Hughes combined Eastman Christensen and the remainder of Hughes Tools to form Hughes Christensen.

In 2007, the Celle Technology Center became Baker Hughes' leading research and engineering facility in the Eastern Hemisphere.

In 1985, Baker Hughes International acquired the drilling fluids division of Newpark Resources and merged it with Milchem's mud division to form Milpark.

Baker Hughes was acquired by Hughes Tool Company in 1979, and renamed Hughes Drilling Fluids in 1982.

In 1987, when Baker Hughes was formed, Hughes Drilling Fluids was merged into Milpark, and in 1993, Milpark became a product line within Baker Hughes INTEQ.

April 1992, Baker Hughes acquired Teleco Oilfield Services, a provider of directional measurement-while-drilling technology, from Sonat for $200 million cash, preferred stock and royalty from future sales of Teleco's "triple combo" sensors.

In 1993, Baker Hughes INTEQ was formed by combining five of thecompany's oilfield divisions.

In 1984, Baker Hughes dismissed several of the top executives of Tri-State and replaced them with Baker Hughes executives from Houston, thus putting the project of moving Tri-State to Houston into action.

In February 2006, Baker Hughes acquired Nova Technology Corporation, an oil and gas data acquisition and monitoring service company.

In November 2020, Baker Hughes acquired the company Compact Carbon Capture, a company developing solvent-based carbon capture patents.

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In February 2021, Baker Hughes announced it would acquire ARMS Reliability, a company providing advisory services and software to several industries.

In March 2021, Baker Hughes acquired from SRI International a license for the use of Mixed-Salt Process technology for flue gas carbon capture.

In March 2022, Baker Hughes acquired the Norwegian headquartered oilwell specialist company, Altus Intervention.