Baker Hughes

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General Electric said on Monday it would merge its oil and gas business with Baker Hughes, creating the world’s second-largest oilfield services prov(...)

Halliburton’s earnings reflect how the slowdown in drilling and completing oil and gas wells has been much sharper in the US than in the Middle East. Photograph: Robert Nickelsberg/EPA

Halliburton swung to a loss as the world‘s largest fracking provider braces for more customer cutbacks during the worst crude market downturn since th(...)

Halliburton’s revenue from North America slumped 38.5 per cent in the second quarter ended June 30th. Photograph:  James Nielsen/Getty Images

Halliburton, the world’s No 2 oilfield services provider, reported a better-than-expected quarterly profit as costs cuts helped offset the impact of (...)

A working oil pump. Schlumberger will focus on controlling costs amid plummeting oil prices. Photograph: Reuters/Vincent Kessler

Schlumberger, the world’s biggest oilfield-services company, tackled the “uncertain environment” of plummeting crude prices head-on by cutting about 9(...)

Halliburton has expressed confidence that the deal will clear regulatory hurdles, but Baker Hughes shares were trading well below the offer yesterday, suggesting that investors were not so sure. Photograph: Ronald Martinez/Getty Images

Halliburton is to buy Baker Hughes for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberg(...)

Filling up. the price of oil has tumbled recently.

Halliburton’s deal for Baker Hughes may be just the start of big energy takeovers as oil prices slump. Crude has plunged to a more than four-year low (...)

Virgin America president David Cush in the New York Stock Exchange yesterday before the company’s shares’ first day of trading. Photograph: Michael Loccisano/Getty Images

European stocks were little changed as slides in healthcare and commodity stocks offset gains in media companies.Eurostat, the EU’s official number c(...)