OIL: A SHORT STORY

July 2014 represented one of the most important turnaround points in the oil business in the last decade. An apparently trifling event as the reopening of the Libya’s ports and wells transformed significantly the market. According to the numbers, it was meaningless because Libya’s production jumped from 250’000 bpd to 900’000 bpd over the next … Continue reading OIL: A SHORT STORY

BIG OIL M&A IS BACK. HALLIBURTON – BAKER HUGHES

On November 17, 2014 Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) announced a definitive agreement under which Halliburton – the No.2 biggest oilfield services provider – is going to acquire all the outstanding shares of Baker Hughes – No.3 in the same industry - in a $34.6 billion stock and cash transaction. … Continue reading BIG OIL M&A IS BACK. HALLIBURTON – BAKER HUGHES