Frank Langton Christensen was an American athlete. This division was called 'INTEQ drilling fluids' which provided the premier brands in oil and gas well drilling muds and wellbore cleaning fluids. In 1895 he got a job in a California oilfield with 95 cents in his pocket. Graduate engineering careers at Baker Hughes. In 1978, Baker Oil Tools introduced the Bakerline casing liner hanger. The company made $4.1 million in "commission" payments between 2001 and 2003, after which the company was awarded an oil-services contract in the Karachaganak Field in Kazakhstan. Gyrodata operates in more than 50 countries across multiple energy markets and employs approximately 1,000 people. In 1928, Baker Casing Shoe Company changed its name to Baker Oil Tools, Inc., to reflect its product line of completion, cementing and fishing equipment. Congratulations on this excellent venture… what a great idea! Baker Hughes operates in over 120 countries across the globe. After a hiatus during World War II, the company resumed grinding operations using barite from a mine in Missouri and conducted mud sales through independent distributors. Baker Hughes, a GE company 2017–2019 In 2017, Baker Hughes merged with GE Oil & Gas to become Baker Hughes, a GE Company (BHGE). Hughes Tool Company was an American manufacturer of drill bits. Baker was born on November 12, 1929, to Catherine and Kenneth Baker Sr. in 1929 in Tacoma, Washington. In 1934, Eastman Whipstock Inc. was founded by Eastman and Roman W. Hines, the same year the company drilled the world's first relief well to control a blowout in Conroe, Texas, that had been on fire for more than a year. [29][30], In December 2016, it was announced that the company would shed its North America Land Pressure Pumping division to form a new BJ Services as part of its divestment agreement with GE. [24] If consummated, it would have been the largest merger in the history of the petroleum industry. Supply chain within Baker Hughes is a multinational team in our manufacturing and supply chain facilities who deliver products and services to our customers in more than 80 countries. [21] On June 18, 2012, the strike was called off after the parties agreed to a new collective agreement. In 1970, Baker Oil Tools acquired Lynes, Inc., which produced liner hangers and other completion equipment. After Walter Sharp died in 1912, Hughes purchased Sharp's half of the business. The company was renamed Hughes Tool Company in 1915, and Hughes, Jr. inherited it after his father's death in 1924. INTEQ provides directional Drilling, MWD/LWD, surface logging (mud logging) and coring services. [49], In 1995, Western Atlas acquired 50% of PetroAlliance Services Company, Ltd., which offered seismic, well-logging, and integrated project services in the Post-Soviet states. In 1929, Cicero C. Brown organized Brown Oil Tools in Houston, and patented the first liner hanger in 1937. Meanwhile, in 1942, Oil Base Drilling Company was founded by George Miller, and made its first application of oil base mud. [19][20], On June 11, 2012, during the annual period of negotiations between trade unions, including SAFE, the Norwegian union for energy workers, and their employer counterparts in Norway, 114 Baker Hughes employees were called to a strike action, which would have affected over a dozen installations. In 1976, it became Baker International Corporation with almost all of its operations headquartered in Houston. [3] The company provide a wide range of products and services, covering all areas of oil and gas exploration and production. It offers oilfield services, such as evaluation, drilling, completions, production, and optimization, as well as oilfield equipment including pressure control equipment and services, subsea production systems and services, drilling equipment, and flexible pipeline systems. [28] The deal was cleared by the European Union in May 2017, and by the United States Department of Justice in June 2017. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. [50], On August 10, 1998, the company acquired Western Atlas for $5.5 billion in stock plus the assumption of $700 million in debt. After collecting data from thousands of bit runs, Hughes introduced the first comprehensive guides to efficient drilling practices in 1960; 1964 saw the introduction of the X-Line rock bits, combining new cutting structure designs and hydraulic jets. In 2001, Baker Hughes acquired OCRE (Scotland) Ltd. from Maritime Well Service, a division of Aker ASA. Schlumberger Limited is an oilfield services company. [10] The casing shoe revolutionized cable tool drilling by ensuring the uninterrupted flow of oil through the bottom of the casing in the well. In 1929, Cicero C. Brown organized Brown Oil Tools in Houston, and patented the first liner hanger in 1937. Baker Hughes is the combination of many companies that have developed and introduced technology to serve the petroleum service industry. In 1993, Baker Hughes INTEQ was formed by combining five of the Company's oilfield divisions. Baker Oil Tools expanded to Houston in the 1920s, and although buffeted by the Great Depression, survived and continued growing into the 1960s. One year later he became a drilling contractor. [3] The company provide a wide range of products and services, covering all areas of oil and gas exploration and production.[4]. In 1985, the FlexLock Liner Hanger was introduced, extending the performance range and functionality of liner hanger systems. Cameron was acquired by Schlumberger (SLB) in 2016, and now operates as 'Cameron, a Schlumberger Company.' It is a leading worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. Offices were opened in Scotland (small town Dice outside of Aberdeen), Egypt, Singapore, Malaysia, Australia, Alaska's North Slope, among others. In 1976, it became Baker International Corporation with almost all of its operations headquartered in Houston. During such drilling, data is acquired from the drilling rig sensors for a range of purposes such as: decision-support to monitor and manage the smooth operation of drilling; to make detailed records of the geologic formations penetrated by a borehole; to generate operations statistics and performance benchmarks such that improvements can be identified, and to provide well planners with accurate historical operations-performance data with which to perform statistical risk analysis for future well operations. The drill pipe twisted off on the first test, but the second was extremely successful. He established Baker Oil Tools in 1907 after developing a casing shoe that revolutionized cable tool drilling. Smith International ceased to exist as an independent company following the merger with Schlumberger. In 1993, Milpark became a product line within Baker Hughes INTEQ. In 1997, Baker Hughes acquired Petrolite for $693 million in stock. Western Atlas specialized in finding oil by mapping geological formations with sound waves and using wires to manipulate tools and gauges in oil and natural-gas wells. Exploration Logging Company (EXLOG) was founded in 1952 in Sacramento, California by Vern C. Jones, and had 800 employees. Each time, Hughes asked the drilling crew to leave the rig floor, pulled the bit from a locked wooden box, and then his associates ran the bit into the hole. The symbol captures the ever-changing nature of the industry and Baker Hughes’ leadership position in the era of energy transition. It was named after founder Howard R. Hughes Sr.. [23], In November 2014, the company entered talks with Halliburton over a merger deal valued at $34.6 billion. In 1909, the Sharp & Hughes bit was granted a U.S. patent. [ citation needed ]. Digital Solutions is a market leader in condition monitoring (Bently Nevada), sensing (Druck, Panametrics, Reuter-Stokes), control systems and cybersecurity (Nexus Controls), and industrial inspection (Waygate Technologies, Process & Pipeline Services). Baker Hughes is an energy technology company providing solutions for energy and industrial customers. Tri-State and Wilson companies were acquired by Baker Oil Tools and merged in 1990. During its 80-year history prior to its merger with Baker Hughes, Baker Oil Tools had only three chief executives. In 1978, Baker Oil Tools introduced the Bakerline casing liner hanger. The merger was approved by both companies' stockholders and was waiting on approval from several jurisdictions; however, on April 6, 2016, the United States Department of Justice sued to block the transaction. To receive approval from the United States Department of Justice, the company sold its Hughes Tool diamond bit business. In the mid-1930s, the company mined barites in conjunction with the Magnet Cove Barium Corporation (later called Magcobar). [43], In 2003, the division acquired Cornerstone Pipeline Inspection Group.[44]. 2 oilfield service provider", "Independent again: Baker Hguhes rolls out new look", "Baker Hughes Closes BJ Services Acquisition", "Baker Hughes unloads fracturing business in private-equity deal", "Vern Jones, Sacramento drilling exploration leader and major philanthropist, dies at 93", "Baker Hughes completes purchase of unit from Norton", "Drilling Technology Drilling optimization more than specific technologies", "Baker Hughes acquires well completion products firm in Scotland", "Baker Hughes to Acquire Petrolite in a Stock Deal", "Baker Hughes acquiring Cornerstone Pipeline Inspection Group", "Baker Hughes 1996 Form 10-K Annual Report", "COMPANY NEWS; Baker Hughes to Buy Teleco Oilfield Services", "TELECO OILFIELD SERVICES SOLD TO HOUSTON COMPANY", "Baker Hughes, Western Atlas Agree to Merge", "Baker Hughes 2000 Form 10-K Annual Report", "Baker Hughes, Western Atlas agree to merge", "Baker Hughes Likely to Buy Western Atlas", "Baker Hughes agrees to buy Western Atlas for $6.2 billion Bid is to stop rival's offer, gain exploration services", "Oil-Services Firm Baker Hughes Buys Western Atlas For $5.5 Billion in Stock", "ARTEK SURFIN CHEMICALS TO ACQUIRE BAKER HUGHES CHEMICAL MANUFACTURING FACILITY", International Association of Oil & Gas Producers. Hughes is commonly credited as the driving force behind the Lockheed Constellation airliner, which Hughes and Frye ordered in 1939 as a long-range replacement for TWA's fleet of Boeing 307 Stratoliners. [18], In April 2007, the company pleaded guilty in U.S. federal court to violations of the Foreign Corrupt Practices Act (FCPA). The company was acquired by Hughes Tool Company in 1979, and renamed Hughes Drilling Fluids in 1982. During its history, Baker Hughes has acquired and assimilated numerous oilfield pioneers including: Brown Oil Tools, CTC, EDECO, and Elder Oil Tools (completions); Milchem (drilling fluids); EXLOG (mud logging); Eastman Christensen and Drilex (directional drilling and diamond drill bits); Teleco (measurement while drilling); Tri-State and Wilson (fishing tools and services); Aquaness, Chemlink and Petrolite (specialty chemicals), Western Atlas (seismic exploration, well logging), BJ Services (pressure pumping). Joint venture with Schlumberger (2000-2006), Violation of Foreign Corrupt Practices Act, Joint venture with Schlumberger (2000-2006), Violation of Foreign Corrupt Practices Act, "Baker Hughes, a GE company 2018 Form 10-K Annual Report", "Baker Hughes Headquarters Address, Contact Number", "Baker Hughes Product Services - Oilfield Services", "Baker Hughes Product Services - Oilfield Equipment", "Baker Hughes Product Services - Turbomachinery and Process Solutions", "Baker Hughes Product Services - Measurement and Controls", "History of Baker Hughes Incorporated – FundingUniverse", "Drilling tool with non-rotating sleeve - Schlumberger Technology Corporation", "Rotary-steerable system drills 300,000 ft of hole", "The Justice Department has proposed a consent decree that...", "Baker Hughes merger with GE unit could mark end of an era", "State Of The Art Of 4D Seismic Monitoring: The Technique, The Record, And The Future", "Schlumberger, Baker Hughes combine seismic units", "Schlumberger buys Baker Hughes' stake in WesternGeco", "Baker Hughes Admits to Overseas Bribery", "Baker Hughes Subsidiary Pleads Guilty to Bribing Kazakh Official and Agrees to Pay $11 Million Criminal Fine as Part of Largest Combined Sanction Ever Imposed in FCPA Case", "Baker Hughes' Norwegian Workers 'Prepared to Strike for Years, "Baker Hughes introduces biggest fracturing vessel in gulf", "Halliburton and Baker Hughes Agree to Friendly $34.6 Billion Merger", "Justice Department Sues to Block Halliburton's Acquisition of Baker Hughes", "Halliburton and Baker Hughes set to terminate $35 billion deal", "Halliburton and Baker Hughes scrap $28 billion merger", "GE to Combine Oil and Gas Business With Baker Hughes", "EU clears GE's Baker Hughes purchase without conditions", "U.S. DoJ Approves Baker Hughes – GE Merger", "GE closes Baker Hughes deal, becomes No. That revolutionized cable Tool drilling patented EZSteer depth-of-cut control technology principal offices in Aberdeen Scotland! 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