Profile: Baker Hughes Inc (BHI)
26 Jul 2016
Baker Hughes Incorporated, incorporated on November 3, 1986, is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems in the oil and natural gas industry around the world. The Company also provides industrial products and services for other businesses, including downstream chemicals, and process and pipeline services. It conducts its operations through its subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business.
The Company's oilfield products and services are of approximately two categories, Drilling and Evaluation or Completion and Production. The Drilling and Evaluation products and services include Drill Bits, Drilling Services, Wireline Services, and Drilling and Completion Fluids. The Company's Drill Bits include Tricone and Kymera hybrid drill bits used for performance drilling, hole enlargement and coring. The Company's Drilling Services include conventional and rotary steerable systems used to drill wells directionally and horizontally; measurement-while-drilling and logging-while-drilling systems used to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems, and surface logging. The Company's Wireline Services include tools for both open hole and cased hole well logging used to gather data to perform petrophysical and geophysical analysis; reservoir evaluation coring; casing perforation; fluid characterization; production logging; well integrity testing; pipe recovery, and seismic and microseismic services. The Drilling and Completion Fluids include emulsion and water-based drilling fluids systems; reservoir drill-in fluids, and fluids environmental services.
The Company's Completion and Production products and services consist of Completion Systems, Wellbore Intervention, Intelligent Production Systems, Artificial Lift, Upstream Chemicals and Pressure Pumping. The Completion Systems include products and services, which are used to control the flow of hydrocarbons within a wellbore, including sand control systems; liner hangers; wellbore isolation; expandable tubulars; multilaterals; safety systems; packers and flow control, and tubing conveyed perforating. The Wellbore Intervention includes products and services used in existing wellbores to improve their performance, including thru-tubing fishing; thru-tubing inflatables; conventional fishing; casing exit systems; production injection packers; remedial and stimulation tools, and wellbore cleanup.
The Company's Intelligent Production Systems include products and services, which are used to monitor and control the production from individual wells or fields, including production decisions services; chemical injection services; well monitoring services; intelligent well systems, and artificial lift monitoring. The Artificial Lift includes electric submersible pump systems; progressing cavity pump systems; gas lift systems, and surface horizontal pumping systems used to lift volumes of oil and water. The Upstream Chemicals include chemicals and chemical application systems to provide flow assurance, integrity management and production management for upstream hydrocarbon production. The Pressure Pumping includes cementing, stimulation, including hydraulic fracturing, and coil tubing services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore.
The Company's Industrial Services consists of its downstream chemicals and process, and pipeline services businesses. Downstream chemicals provide products and services that help to increase refinery production, as well as improve plant safety and equipment reliability. Process and pipeline services works to improve efficiency and reduce downtime with inspection, pre-commissioning and commissioning of new and existing pipeline systems and process plants.
The Company competes with Schlumberger, Halliburton, Weatherford International, National Oilwell Varco, Ecolab, Newpark Resources and FTS International.
Baker Hughes Inc
2929 Allen Pkwy Ste 2100
HOUSTON TX 77019-7111
Company Web Links
- U.S. oil drillers add rigs for fourth straight week -Baker Hughes
- Halliburton posts loss hurt by Baker Hughes deal termination fee
- UPDATE 9-Oil up, notches weekly gain on improved demand outlook
- CORRECTED-UPDATE 8-Oil steady, eyeing weekly gain; muted impact from rig count
- BRIEF-Baker Hughes entered into new credit agreement on July 13