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Encyclopedia > Baker Hughes
Baker Hughes Incorporated
Type Oilfield services company
Founded 1987 (merger)
Location Headquarters in Houston. Operates worldwide
Key people Chairman & CEO: Chad Deaton President & COO James Clark
Industry Oil Well Services & Equipment
Products Oil field services & equipment
Revenue $6.1 billion USD (2004) NYSE: BHI
Employees > 26900 worldwide
Website BakerHughes.com

Baker Hughes NYSE: BHI is the world's third-largest oil-services company behind Schlumberger and Halliburton . Image File history File links BHI.gif Licensing This is a logo of a corporation, sports team, or other organization, and is protected by copyright and/or trademark. ... 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... This page is a candidate to be copied to Wiktionary. ... Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... The United States dollar is the official currency of the United States. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Website. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... Schlumberger Limited, the Schlumberger brothers -- Conrad and Marcel Schlumberger -- founded the Société de Prospection Electrique that later became Schlumberger Limited. ... This article needs to be updated. ...


Chad Deaton is the CEO. Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ...


Baker Hughes Incorporated was formed when Baker International and Hughes Tool Company merged in 1987. Baker International was established 1907 when Reuben C. Baker developed a casing shoe that revolutionized cable tool drilling. ... Hughes Tool Company was established in 1909 as Sharp-Hughes Tool Company when Howard R. Hughes, Sr. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ...

Contents


Business Units

  • Baker Atlas - Advanced Wireline well logging and Data Analysis
  • Baker Hughes INTEQ - Directional Drilling and MWD/LWD
  • Baker Hughes Drilling Fluids - Drilling fluids technology
  • Baker Oil Tools - Completion, fishing, and workover solutions
  • Baker Petrolite - Specialty chemicals and Processing
  • Hughes Christensen - Drill bits & Drilling optimization
  • Centrilift - Electric submersible pump systems


Baker Hughes is headquartered in Houston, Texas and operates worldwide with major offices in Aberdeen (UK), Singapore, Dubai, Research & Maintainence Facility in Celle (Germany) and Houston (Lafayette). The company is administered broadly in 4 regions worldwide, namely the EARC (Europe, Africa, Russia & Caspian), MEAP (Middle East, Asia-Pacific), NA (North America) and LA (Latin America). Map of Germany showing Celle Celle is a town in Lower Saxony, Germany. ...


Acquisitions

(completions)

  • Brown Oil Tools
  • CTC
  • EDECO
  • Elder Oil Tools

(drilling fluids) CTC may stand for: Calcutta Tramways Company California Commission on Teacher Credentialing (ctc. ...

(mud logging) Milchem Inc. ...

(directional drilling and diamond drill bits) Exploration Logging, originally founded in 1952 in Sacramento, California, by a group of Stanford University geology and engineering graduates to provide geologic logging services, is now part of Baker Hughes INTEQ. History The first president of the company was Vern Jones. ...

  • Eastman Christensen
  • Drilex

(measurement while drilling)

  • Teleco

(fishing tools and services)

(specialty chemicals) Wilson is a variant of the name William, a patronymic of Wills son. ...

  • Aquaness
  • Chemlink
  • Petrolite - 1997

(seismic exploration, well logging) 1997 (MCMXCVII in Roman) is a common year starting on Wednesday of the Gregorian calendar. ...

Western Atlas was formed in 1987 through the merger of Western Geophysical (owned by Litton Industries) and Dresser Atlas. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...

Joint venture

In 2000, Baker Hughes and Schlumberger formed a joint venture called Western Geco. Western Geco was formed by the merger of Western Geophysical and Geco-Prakla which were the two leading seismic interpretation companies in the world. When Western Geophysical became part of Baker Hughes in 1998, the oil industry was going through a major downturn and it was allied with its only significant competitor GECO-PRAKLA which was a part of the Schlumberger group to keep the business of Seismic exploration alive. This article is about the year 2000. ... Schlumberger Limited, the Schlumberger brothers -- Conrad and Marcel Schlumberger -- founded the Société de Prospection Electrique that later became Schlumberger Limited. ... A joint venture (often abbreviated JV, and sometimes known by the older term joint adventure) is a strategic alliance between two or more parties to undertake economic activity together. ... WesternGeco, a joint venture of Schlumberger Limited and Baker Hughes, is the worlds largest seismic contracting company. ...


See also

The list of oilfield service companies includes companies that provide services to the petroleum exploration and production industry but that do not typically produce petroleum themselves. ...

External link



  Results from FactBites:
 
Baker Hughes Incorporated: Admin. Proc. Rel. No. 34-44784 / September 12, 2001 (3410 words)
Baker Hughes, through its CFO and Controller, directed that this improper payment be made while knowing or aware that KPMG would pass all or part of the payment along to a foreign government official for the purpose of influencing the official's decision affecting the business of Baker Hughes.
Baker Hughes' CFO and Controller knew or were aware of a high probability that KPMG intended to use $75,000 of the $143,000 to pay the Indonesian government tax official who was conducting PTEC's tax audit.
Further, Baker Hughes' CFO and Controller knew that the $75,000 payment to the Indonesian tax official was to be made to obtain a reduction in its tax assessment from $3.2 million to approximately $270,000.
Baker Hughes - Wikipedia, the free encyclopedia (414 words)
Baker Hughes NYSE: BHI is the world's third-largest oilfield services company behind Schlumberger and Halliburton, its main competitors.
Baker Hughes is headquartered in Houston, Texas and operates worldwide with major offices in Aberdeen (UK), Singapore, Dubai, Research and Maintenance Facility in Celle (Germany) and (Lafayette) Louisiana.
Hughes formed the Hughes Aircraft company, which was eventually splintered into various business units and merged with Raytheon, General Motors and Boeing.
  More results at FactBites »


 

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