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GE combines its oil and gas business with Baker Hughes

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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 contains

  • Document

    GE combines its oil and gas business with Baker Hughes

    PDF 270.87 KB

Table of contents

  • Executive summary
  • Transaction Details
    • 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

Tables and charts

This report includes 3 images and tables including:

Images

  • US L48 rig count
  • Subsea tree demand forecast
  • Global installed subsea tree base: 2000-2015

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