Insight
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.
Table of contents
- 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
Tables and charts
This report includes 3 images and tables including:
- US L48 rig count
- Subsea tree demand forecast
- Global installed subsea tree base: 2000-2015
What's included
This report contains:
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