Profile: Baker Hughes Inc (BHI.N)
22 Mar 2017
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 used in the oil and natural gas industry around the world. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services. The Company operates through four segments: North America; Latin America; Europe/Africa/Russia Caspian, and Middle East/Asia Pacific. In addition, the Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Company conducts its operations through subsidiaries, affiliates, ventures and alliances. As of December 31, 2016, the Company conducted business in more than 80 countries around the world. The Company serves integrated oil and natural gas companies; the United States and international independent oil and natural gas companies, and national or state-owned oil companies.
The Company offers a range of products and services to its customers around the world. The Company's oilfield products and services fall into one of the two categories, Drilling and Evaluation or Completion and Production. This classification is based on the two phases of constructing an oil and/or natural gas well, the drilling phase and the completion phase, and how its products and services are utilized for each phase. Drilling and Evaluation products and services consist of Drill Bits, Drilling Services, Wireline Services, and Drilling and Completion Fluids. Drill Bits includes Tricone roller cone drill bits, polycrystalline diamond composite (PDC or diamond drill bits), Kymera hybrid drill bits and related cutter technology used for performance drilling, hole enlargement and coring. Drilling Services includes directional drilling systems and services (rotary steerables, drilling motors and measurement-while-drilling (MWD) systems, among others), logging-while-drilling (LWD) systems and services (resistivity, imaging, pressure testing and sampling, among others), surface logging and coring systems and services, and geoscience services.
The Company's Wireline Services include both open hole (imaging and fluids sampling, among others) and cased hole (production logging, wellbore integrity and pipe recovery, among others) well logging services. Its Drilling and Completion Fluids include emulsion (oil-based) and water-based drilling fluids systems; reservoir drill-in fluids; completion fluids, and fluids environmental services. Its Completion and Production products and services consist of Completion Systems, Intelligent Production Systems, Wellbore Intervention, Artificial Lift, Upstream Chemicals and Pressure Pumping. Its Completion Systems include products and services used to control the flow of hydrocarbons within a wellbore, including upper completions (packers, liner hangers and safety systems, among others), lower completions (sand screens and tubing conveyed perforating, among others) and unconventional multistage completion systems (frac plugs and frac balls, among others). Intelligent Production Systems include products, services, and software used to monitor, analyze, and control production to optimize returns and ultimate recovery (production decisions services, chemical injection service, well monitoring services, intelligent well systems and artificial lift monitoring).
The Company's Wellbore Intervention includes products and services used to intervene in existing wellbores for production within the well (fishing services, wellbore cleanup, casing exit systems, workover systems, smart interventional technologies and through-tubing intervention tools). Artificial Lift includes products and services used to maintain production in wells (in-well electric submersible pumping systems; progressing cavity pump systems, and gas lift systems), and horizontal surface pumping systems that move fluids on the surface for applications, such as injection, disposal, transfer and pipeline boosting. Upstream Chemicals include chemical technologies and services for flow assurance, production optimization, asset integrity and water management. Pressure Pumping includes onshore and offshore cementing, stimulation services (hydraulic fracturing, acidizing and stimulation vessels, among others) and coiled tubing services used in the completion of oil and natural gas wells and in remedial work on existing wells.
The Company provides project solutions to its customers through its Integrated Operations group. Integrated Operations is focused on the execution of projects for the attributes, including project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.
The Industrial Services segment provides chemical technologies, equipment, and services that optimize operations throughout the industrial lifecycle (midstream and transportation, processing and refining, water treatment and petrochemical processing). Specifically, downstream chemicals provide products and services for refinery production, as well as plant safety and equipment.
The Company competes with Schlumberger, Halliburton, Weatherford International, National Oilwell Varco, Ecolab, Newpark Resources and FTS International.
Baker Hughes Inc
17021 Aldine Westfield Rd
HOUSTON TX 77073-5101
Company Web Links
- Canada's Trican to buy Canyon Services as shale drilling ramps up
- UPDATE 8-Growing U.S. supply concerns keep oil prices under pressure
- BRIEF-Baker Hughes announces commercial release of its Terradapt adaptive drill bit
- BRIEF-GR Energy Services, Baker Hughes enter into preferred wireline, perforating services agreement
- UPDATE 11-Oil slumps to close out biggest 3-day loss in a year