Redefining the process

摘要

The merger of Baker Hughes with GE Oil & Gas is intended to lead to some changes in the way the energy industry does business. Upstream. Midstream. Downstream. Fullstream? When two uber-large companies merge and bring different pieces of the puzzle together, maybe it's time to rethink the jargon. When Baker Hughes and GE Oil & Gas merged earlier this year, they created what, in President and CEO Lorenzo Simonelli's vision, was a "fullstream" company that delivers one unified view with predictive analytics of oil and gas equipment, operations and process data that improve operational efficiency, speed and decision-making. Given both companies' longtime involvement in the oil and gas industry, this marriage is taking the best from two great worlds of brands and history. Baker Hughes, for instance, comes from Hughes Christensen, Baker Oil Tools, Baker Atlas, etc. GE Oil 8c Gas, meanwhile, bought turbomachinery leader Nuovo Pignone, then Vetco-Gray and a host of other companies to enter the upstream oil and gas industry in a meaningful and ultimately industry-leading way.