https://newsnreleases.com/2023/01/17/archer-limited-to-acquire-baker-hughes-coil-tubing-and-pumping-ctp-business/
14 replies (most recent on top)
Divesting in profitability
Coil tubing is thriving in BH Norway. Why BH uk go down the toilet? Norway now oil capital of Europe.
We're actually divesting in everything, if you look at it. We look like an Olympic athlete trying to compete with a broken leg and a closed head injury
Why divest coil tubing service? Can’t compete and going under? Losing money just like the drilling dept? Poor planning, bad management? Unqualified mgrs?
Hey who got last laugh scotch boy aberdeen 😂
No wonder BH shut you down and kicked you out. Good riddance.
Does your manger know what bizness you in or dunno
Only thing left is d-mb iron services in Montrose.
Does baker uk have anything left for sale?. What other services are still running or does nobody know?
This follows on from the bad management and incompetence of the stoneywood / kirkhill drilling dept in Aberdeen. Its obvious that putting unqualified mwd numties in management is like a virus that spreads and rots the company. GE could see this and got rid of them to avoid terminal decline but is it too late.
This is a "remedy action" hat BH had to put i
place according to this article
https://www.oedigital.com/news/502225-archer-could-buy-baker-hughes-coil-tubing-and-pumping-business-in-the-uk
I am super excited about that
Kinda like going to the pawn shop, selling items, while telling everyone that everything's okay 👌
Our executive group is pretty desperate to maintain stock prices. Instead of trying to implement a sound business plan, they have decided to rob Peter to pay Paul. The downward trajectory of BKR continues......need a new Board & CEO