Recent events
Recent events tied to this brand in public sources.
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2026
Baker Hughes launches Mature Assets Solutions hub network
Baker Hughes launched its global Mature Assets Solutions (MAS) hub network, connecting customer collaboration centers and energy hubs across several markets to provide technology and digital solutions for mature assets.
2021
CausewayGT and Baker Hughes agree to collaborate on geothermal projects
CausewayGT and Baker Hughes signed a memorandum of understanding to collaborate on geothermal projects, initially focused in the Republic of Ireland and the UK. Their work is intended to develop technology for low-carbon heating and cooling in commercial and industrial facilities and processes.
2021
Baker Hughes reports third-quarter 2021 earnings
Baker Hughes reported third-quarter earnings of 16 cents a share, excluding certain items, below the 21-cent average of analysts’ estimates. The company cited supply-chain snarls, cost inflation in its chemicals business and Hurricane Ida as factors affecting its oil-services unit.
2021
Shell and Baker Hughes launch VitalyX marine monitoring service
Shell teamed with Baker Hughes to launch VitalyX, an analytics-based oil-condition monitoring and machinery-health service for the marine sector. The service remotely monitors oil quality to provide an early warning system.
2021
Baker Hughes to take a 15% stake in Electrochaea
Baker Hughes is taking a 15% stake in German synthetic natural gas startup Electrochaea; financial terms were not disclosed. The investment gives Baker Hughes a seat on Electrochaea’s board.
2021
Baker Hughes announces acquisition of ARMS Reliability
Baker Hughes said it is acquiring ARMS Reliability. The acquisition was expected to close in the second quarter of 2021.
2020
Baker Hughes launches engageSubsea remote
Baker Hughes announced the successful launch of engageSubsea remote, an extension of its engageSubsea platform for equipment inspection, technical support and operational management.
2020
KPS announces agreement to acquire Lufkin rod lift solutions business
KPS announced that it had signed a definitive agreement to acquire Lufkin's rod lift solutions business from Baker Hughes. The transaction was expected to close in mid-2020, subject to customary closing conditions and relevant approvals.
2020
Baker Hughes announces restructuring plan
Baker Hughes announced a plan expected to result in approximately $1.8 billion in restructuring, impairment and other charges, with approximately $1.5 billion expected to be recorded in the first quarter of 2020.
2019
Select Energy Services completes acquisition of Baker Hughes well chemical services division
Select Energy Services acquired the well chemical services division of Baker Hughes Company for $10.4 million; the acquisition closed on September 30, 2019.