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Dip in oil prices may prevent merged mega company from raising charges

Halliburton/Baker Hughes deal is far from closed, and it is anyone's guess where oil prices will be when the two actually begin to operate as one

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Published Wed, Nov 19, 2014 · 09:50 PM

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    New York

    LOW oil prices that threaten producers' profits may be a boon in one way, as they force service companies to keep prices low for the drill bits, cement and piping for oil extraction, even if two of the largest providers of such products merge.

    Halliburton Co, said on Monday that it will buy Baker Hughes Inc, in a US$35 billion deal that would create an oilfield services company to take on global oil services leader Schlumberger NV.

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