US energy technology company Baker Hughes has opened a new oilfield services chemicals manufacturing facility in Singapore, boosting its local capabilities and expanding its presence in Asia.
US oilfield services giant Baker Hughes has agreed to form a joint venture in Saudi Arabia that will focus on providing oilfield and industrial chemicals. Baker Hughes will hold the majority 51% stake, while partner Dussur – a Saudi government company established in 2014 for the development of strategic industrial investments – will own the remaining 49%.
US investment firm SK Capital Partners has agreed to acquire the specialty polymers business of energy technology group Baker Hughes. The transaction is expected to close in the second half of this year.
