Tag Archive: Baker Hughes

A new giant emerges in the oil services industry: the marriage of Baker Hughes with GE

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General Electric and Baker Hughes reached a deal for the combination of their oil services business units. General electric will contribute its oil-and-gas business and pay $7.4 billion through a special dividend of… Continue reading

Halliburton and Baker Hughes broken marriage

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On May 1, 2016, Halliburton and Baker Hughes, respectively the second and third largest oilfield services firms, have announced the abandonment of their planned $34.6bn merger because of opposition from US and European… Continue reading