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4 Pages

GE combines its oil and gas business with Baker Hughes

GE combines its oil and gas business with Baker Hughes

Report summary

On 31 October, GE and Baker Hughes announced an agreement to combine GE's oil and gas business with Baker Hughes.  In the short term, the new entity will double GE's exposure to the US onshore and is better positioned to compete with Schlumberger and Haliburton. The new entity is also placing strong emphasis on digitisation and big data. If the new entity can deliver enhanced products that support production optimisation, it will be a win-win for the company and E&P industry.  

What's included?

This report includes 1 file(s)

  • GE combines its oil and gas business with Baker Hughes PDF - 270.87 KB 4 Pages, 0 Tables, 3 Figures


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  • Executive summary
  • Transaction Details
  • Deal Analysis
    • Short term strategic driver – Competitive advantage in the US L48 market
    • Digitised solutions will be the medium term focus
    • Minimal impact on GE's equipment manufacturing and other business lines.
    • Implications for the wider service sector

In this report there are 3 tables or charts, including:

  • Executive summary
  • Transaction Details
  • Deal Analysis
    • US L48 rig count
    • Subsea tree demand forecast
    • Global installed subsea tree base: 2000-2015
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