Baker Hughes General Electric

Baker Hughes General Electric (BHGE) will build a subsea manufacturing campus at its existing Montrose site, backed by a £4.9 million grant from Scottish Enterprise. The £31 million facility will create 100 new jobs and include test and assembly, R&D, and training facilities.

Sonatrach and Baker Hughes General Electric signed a contract to create a joint venture in Arzew, Algeria, to manufacture oilfield equipment. Initial investment is $45 million, eventually reaching $200 million.