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BJ Services Company was a leading worldwide provider of pressure pumping and oilfield services for the petroleum industry. Pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore. Oilfield services include ...
In 1990, the company sold a 71% stake in BJ Services via an initial public offering. On April 28, 2010, Baker Hughes re-acquired BJ Services. [51] In 2017, after the division suffered market share losses, the company sold a majority interest in BJ Services to private equity firms to obtain approval for the merger with GE Oil and Gas. [52]
HESP: A subsidiary established in 1999 in partnership with Halliburton Energy Service. Its main mission is to conduct logging operations in vertical and horizontal wells. BJSP: A joint venture founded in 1986 in collaboration with BJ Services, an international company based in the United States.
Baker Hughes Inc. (BHI), the world's third-largest oilfield services company, today agreed to snap up smaller rival BJ Services Co. (BJS) for $5.5 billion in cash and stock in an old-school merger.
Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
Sapura Energy Berhad(formerly known as SapuraKencana Petroleum Berhad) is a Malaysian integrated oil and gas services company based in Seri Kembangan, Selangor. Sapura Energy trades in over 20 countries, such as China, Australia, United States of America, and those in Western Africa and the Middle East, employing approximately 13,000 people.[4]
Wah Seong Corporation Berhad ( MYX: 5142) is a public listed company on the Main Board of the Bursa Malaysia. It was founded in 1994, and has a market capitalization of about US$300 million as of January 2007. It is a major oil & gas service group in Asia and provides a wide range of services globally such as highly specialised pipe coating ...
Petronas. Petroliam Nasional Berhad, commonly known as PETRONAS (stylized in all caps ), is a Malaysian multinational oil and gas company headquartered in Kuala Lumpur. Established in 1974, it is a legal entity incorporated under the Malaysian Companies Act 1965 and reports to the company's Board of Directors.