Tag Archive: Baker Hughes

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

by

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

by

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 →