Miller is the chairman and chief executive officer of the venture that will be based in Houston and Kristiansand, Norway. For Baker Hughes the deal is another step away from simply being an oil services company. On the face of it, the new joint venture is a pure play offshore service company. It combines topdrives, iron roughnecks, derricks, and mud pumps from MHWirth with the blowout preventers, riser and control systems made by Baker Hughes. But since the 2014 oil-price crash left behind a global glut of offshore equipment, the business has shifted toward services, with new payment models and an emphasis on performance improvement—often employing advance digital analysis. And the joint venture is looking for business outside the industry such as engineering offshore wind platforms, Miller said.