Which brands are part of Baker Hughes:
Baker Hughes - Baker Hughes
What Baker Hughes makes:
Oilfield Services — equipment and services to ensure oil and gas production, including geological exploration, drilling, reserve evaluation, well development;
Oilfield Equipment — equipment for oil and gas production, including derricks, platforms, pipelines, control and protective equipment;
Turbomachinery & Process Solutions — engines, compressors, electric generators and other equipment for production, transportation and processing of oil and gas;
Digital Solutions — control and measuring equipment and software;
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Which companies did not leave Russia? March 22, 2022 - obozrevatel:
“Some brands have decided sit on two chairs at once. They loudly announced restrictions on work in the Russian market, but only stopped investing and removed advertising, but continue to do business there.
The list includes: Baker Hughes ”
Source
June 7, 2022 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status Baker hughes according to the analysis: paused new investments / development
Source
Has Baker Hughes left the Russian market? August 1, 2022 - ecom Pravda:
"The company has already signed an agreement to sell its Oilfield Services business in Russia ("OFS Russia") to local management. The agreement is a consequence of the previous decision on suspension new investments in Russia and the obligation to comply with current laws and sanctions, the company notes.
Oil service giant Baker Hughes is selling its business in Russia"
Source
February 14, 2023 - kse institute:
Baker Hughes announces the purchase of the oil service business in Russia by local management:
"But in January 2023, Baker Hughes sent drilling equipment for the energy sector to Russia from Scotland. The company continues to export to Russia months after calls to end trade.”
Source
August 15, 2024 - Yale School of Management (Baker Hughes):
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
The status of the company according to the analysis: no longer provides engineering services to Russian LNG developers
Source
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Brands: Baker Hughes
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