abhishreshthaa
Abhijeet S
BJ Services Company was a oil and gas equipment and services company that is now a subsidiary of Baker Hughes.
It was founded in 1872 as the Byron Jackson Company by inventor Byron Jackson and at its peak operated in more than 50 countries worldwide.
BJ Services Company is a leading worldwide provider of pressure pumping and oilfield services for the petroleum industry. Pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore. Oilfield services include completion tools, completion fluids, casing and tubular services, production chemical services, and precommissioning, maintenance and turnaround services in the pipeline and process business, including pipeline inspection.
Strengths
* Presence across the entire oil and gas value chain (exploration, development and production)
* Strong refining operations
* Wide product portfolio
Weaknesses
* Lack of scale, particularly compared to competitors
* Litigations around water contamination
* Declining oil/gas reserves
Opportunities
* Acquisition of Western Oil Sands
* Expansion of refineries
* Increasing natural gas business
Threats
* Industry regulation related to greenhouse gases emissions
* Intense competition
* Increasing crude oil prices
* Risks associated with conducting operations
outside the US
It was founded in 1872 as the Byron Jackson Company by inventor Byron Jackson and at its peak operated in more than 50 countries worldwide.
BJ Services Company is a leading worldwide provider of pressure pumping and oilfield services for the petroleum industry. Pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore. Oilfield services include completion tools, completion fluids, casing and tubular services, production chemical services, and precommissioning, maintenance and turnaround services in the pipeline and process business, including pipeline inspection.
Strengths
* Presence across the entire oil and gas value chain (exploration, development and production)
* Strong refining operations
* Wide product portfolio
Weaknesses
* Lack of scale, particularly compared to competitors
* Litigations around water contamination
* Declining oil/gas reserves
Opportunities
* Acquisition of Western Oil Sands
* Expansion of refineries
* Increasing natural gas business
Threats
* Industry regulation related to greenhouse gases emissions
* Intense competition
* Increasing crude oil prices
* Risks associated with conducting operations
outside the US