Oil field service giants Halliburton, Baker Hughes in merger talks
New York
HALLIBURTON is in talks to buy Baker Hughes, a potential acquisition that would unite two of the biggest oil field service providers in what would be one of the largest energy deals in years, Baker Hughes confirmed.
It is not clear what price Halliburton is considering, but Baker Hughes ended trading on Wednesday with a market value of about US$25 billion. Its shares surged 20 per cent in late-afternoon trading on Thursday once The Wall Street Jou…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil jumps, equities fall as Iran blasts fan Middle East tensions
Gold set for fifth weekly gain as geopolitical risks buoy demand
Oil holds near 3-week low as US sanctions interrupt easing tensions
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
BP reshapes its leadership team as some executives leave
BHP to decide on future of nickel business by August, trims met coal estimates