“ International activity is stabilizing, and we are seeing signs of activity increase both in the volume and size of tenders for new work as customers feel more confident about their operating costs and commodity price stability,” he added.

He commented about international work as BHGE was recently named the exclusive supplier for early production phases of the development of the Camo field northwest of the Shetland Islands in the UK. And the company also secured a three-year multimillion  dollar well construction contract in the Middle East.


Corporate costs were $92 million in the fourth quarter of 2017, compared to $89 million in the prior quarter and $181 million in the fourth quarter of 2016.