CBS Los Angeles | Will GE's Bold Oil and Gas Bet Finally Start Paying Off in 2018? Motley Fool One of the problem areas was its oil and gas division, which floundered after making a bold bet to merge with oil services giant Baker Hughes to form Baker Hughes, a GE Company (NYSE:BHGE). GE closed that deal in July, right as oil prices were in a ... US oil drillers cut rigs for 2nd week in three -Baker Hughes Oil Rig Count Declines Amid Falling Prices US Oil Rig Count Down By 3 To 936; Up Over 240 Since This Time Last Year |