Baker Hughes Announces Third Quarter Results

17.10.2014 -

Adjusted net income for the third quarter of 2014 excludes $14 million in before and after-tax charges ($0.03 per diluted share) relating to the impairment of a technology investment and $58 million before and after-tax costs ($0.13 per diluted share) associated with a restructuring of operations in North Africa, resulting primarily from recent disruptions in Libya.

Baker Hughes Appoints New Members to Board of Directors

13.06.2014 -

Baker Hughes Incorporated announced the appointment of Greg Brenneman, chairman of CCMP Capital Advisors, LLC (CCMP Capital), and W.H. “Bill” Easter III, retired chairman, president, and chief executive officer of DCP Midstream, to its board of directors.

Weatherford and Baker Hughes Announce Sale and Purchase of Pipeline and Specialty Services Business

26.03.2014 -

Weatherford International Ltd. and Baker Hughes Incorporated announce that they have signed an agreement for the sale of Weatherford s pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of $250 million, including $241 million in cash and $9 million in retained working capital. The sale is part of Weatherford s previously announced plan to divest its non-core businesses.