Baker Hughes, GE Merger Forms Full-stream Oil & Gas Company
BHGE Aims to Help Customers Cut Cost Increase Productivity, Withstand Volatility
Baker Hughes has announced that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company is the first and only to bring together equipment, services and digital solutions across the entire spectrum of oil and gas development.
“Disruptive change is the oil and gas industry’s new normal. We created BHGE because oil and gas customers need to withstand volatility, work smarter and bring energy to more people. Our offering is further differentiated from any other in the industry across the value stream, and enables and assists our customers in driving productivity, while minimizing costs and risks,” says Lorenzo Simonelli, president and CEO of Baker Hughes, a GE company.