Halliburton, Baker Hughes Abandon Merger

In a surprise move, oilfield services giants Halliburton and Baker Hughes on May 1 announced that plans for a merger had been terminated. The announcement follows a regulatory review that had threatened the $35 billion deal and resulted in a lawsuit filed by the Justice Department in April. “While both…

Support OILMAN Magazine

Please Log In to view this content.

Not a subscriber? Please Subscribe here for unlimited access.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

Related posts