TerrAdapt bit adjusts to downhole conditions autonomously to enable
smoother, faster drilling and extend tool life
HOUSTON--(BUSINESS WIRE)--Mar. 14, 2017--
Baker Hughes announced today the commercial release of its TerrAdapt™
adaptive drill bit, which can deliver dramatic improvements in
drilling economics by using automation to mitigate downhole dysfunctions
that cause inefficient drilling and costly tool failures. With the
industry’s first ...
TransCoil rigless-deployed ESP expands the operating envelope and
improves reliability vs. existing alternative deployment systems
HOUSTON--(BUSINESS WIRE)--Feb. 9, 2017--
Saudi Aramco and Baker Hughes (NYSE:BHI) announced today the first
installation of the TransCoil™ rigless-deployed electrical submersible
pumping (ESP) system, which is designed to help operators bring wells on
production faster and lower the costs associated with installing and
Revenue of $2.4 billion for the quarter, up 2% sequentially.
Full-year revenue was $9.8 billion
GAAP net loss attributable to Baker Hughes of $417 million for the
quarter includes the negative impact of $291 million of adjusting
items and $107 million of income taxes
Adjusted EBITDA (non-GAAP measure) was $266 million for the quarter
and $493 million for the year
Cash flows from operati...
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