Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Baker Hughes
Baker Hughes
Baker Hughes is an American multinational oilfield services company.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedTop 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
21156
Baker Hughes Announced Local Management Buyout of its Oilfield Services Business in Russia. 3 assets were sold on 15/11/2022: TYUMEN PLANT OF OIL-FIELD EQUIPMENT, "BAKER HUGE SERVICES RUS" LLC and LLC "ONGF". The company still continues exporting to Russia months after calls for trading to cease.
The Company Statement
February 14, 2023
Sold local business on 15/11/2022. No longer provide engineering services to Russian LNG developers. Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia. But in January 2023 Baker Hughes sent Oil&Gas drilling equipment to Russia from Scotland. But the company still continues exporting to Russia months after calls for trading to cease.
| September 03, 2023 | Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasion |
| January 31, 2023 | Letter sent by B4Ukraine to the company (no response provided) |
| January 29, 2023 | US oil firm in Montrose exported to Russia months after calls for trading to cease |
| January 02, 2023 | Baker Hughes Sent Oil And Gas Drilling Equipment To Russia From Scotland |
| September 01, 2022 | Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia |
| June 19, 2022 | Baker Hughes Announces Update on Russia Operations |
| June 16, 2022 | Baker Hughes terminates service agreements for LNG projects in Russia |
| June 16, 2022 | American engineers exit Russia, leaving Arctic LNG projects in doubt |
| March 19, 2022 | Another oil service giant stops investments in the Russian Federation |
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