Baker Hughes Announces Update on Russia Operations
Published by Todd Bush on March 22, 2022
March 19, 2022 11:15 AM Eastern Daylight Time HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR) ('Baker Hughes' or the 'Company') announced it has suspended new investments for its Russia operations. The Company is continuing to comply with applicable laws and sanctions as it fulfills current contractual obligations.
'The crisis in Ukraine is of grave concern and we strongly support a diplomatic solution. We condemn violence and our hearts go out to the people and families of those impacted,' said Lorenzo Simonelli, chairman & CEO of Baker Hughes. 'The health and safety of our employees, customers, partners, and their families always remains our top priority. We have been continuously monitoring the situation, and today's announcement follows an internal decision made with our Board of Directors and communicated to our leadership team earlier this week. We remain committed to act in full compliance.'
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
>>Read more about Baker Hughes and NET Power Partner for Zero-Emissions Power Plants
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Companies
Latest issues
-
They Just Buried Air Underground - Here’s How
Inside This Issue 🌎 History Made: Deep Sky Alpha Begins Operations with North America's First CO2 Storage via Direct Air Capture 🏅 Neste Achieved Platinum Medal in EcoVadis Sustainability Assessme...
-
378,000 Credits Later: Proof That BECCS Delivers
Inside This Issue 🌱 Why Gevo's Live BECCS Project Changes Everything 🛢️ Alternative Carbon Carrier Technology Could Improve Both Oil Production and Carbon Storage 🌊 Hyundai Engineering & Const...
-
EPA's Bold Move: Cutting Import Credits to Boost U.S. Biofuel Output
Inside This Issue 🌽 EPA's Bold Move: Cutting Import Credits to Boost U.S. Biofuel Output 🔬 Enertopia Announces Oxyhydrogen Mobile Lab in Operation 💰 Emissions Tech Venture Secures UK Grant for Sou...
Company Announcements
-
Marine Carbon Dioxide Removal Coalition Launches, Creates Forum to Responsibly Grow the Field
The coalition unites marine carbon removal companies, nonprofits, and academics to advance research and the responsible development of the sector WASHINGTON, Aug. 21, 2025 /PRNewswire/ -- The Mari...
-
European Refiners May Hold the Key to Scaling Green Hydrogen, Says Wood Mackenzie
European refiners may hold the key to scaling green hydrogen, says Wood Mackenzie • Globally, refining currently accounts for 36% of all hydrogen demand • EU regulations favor green over blue hydr...
-
World's Largest GHG Standards Body Collaborates with the World's Leading Commodities Information and Registry Infrastructure Provider SINGAPORE and NEW YORK and LONDON and WASHINGTON, Aug. 21, 202...
-
Zefiro Methane’s First Carbon Offset Sale: Turning Orphan Wells Into Climate Assets
Zefiro Methane has announced the completion of its first-ever sale of carbon offsets. This is a major milestone in its mission to reduce methane emissions from abandoned oil and gas wells. The off...