As if the oil and gas industry weren’t struggling enough with low prices, it hasn’t been helped in the past week or so by an increasingly unsure U.S. presidential election and a deadly explosion at one of the largest pipeline systems in the U.S. But GE leadership is making it clear that it is all in still. And they are also showing that they understand how important it has become to combine domain expertise with its manufacturing and digital know-how.
In a merger announced this week, GE Oil & Gas will combine its manufacturing and digital platform with Baker Hughes’ oilfield service offerings and technology to create a new Baker Hughes. Both companies have invested in oil and gas even in the downturn, and have strong, complementary competitive scope across the industry.
