ShippingWatch

Oil crisis cuts Baker Hughes' business in half in 2015

Oil service major Baker Hughes was struck hard by the low oil price in 2015, a year in which especially the number of active rigs took a dive and put pressure on the company's business. This development looks set to continue in 2016 and the industry will need help, notes CEO.

Photo: /ritzau/Jacob Ehrbahn

Log in to read our articles

Welcome to ShippingWatch. A part of our content is exclusive and reserved for our users.

Try us for 14 days

Try a trial subscription for access to our quality journalism

Related articles

Latest news

Jobs

See all

See all