Tuesday 30 August 2016
 
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Baker Hughes

Halliburton, Baker Hughes scrap $28bn merger

Oilfied services provider Halliburton and smaller rival Baker Hughes announced the termination of their $28 billion merger deal on Sunday after opposition from US and European antitrust regulators. The tie-up would have brought to

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Halliburton seeks EU nod for $35bn Baker Hughes deal

US oil services provider Halliburton Company has refiled a request for EU antitrust approval of its $35 billion bid for smaller rival Baker Hughes, four months after regulators rejected an earlier application because of insufficient data.

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Baker Hughes wins Norway drilling contract

Norway's oil and gas firm Statoil said on Monday it has awarded Baker Hughes a 1.5 billion Norwegian crown ($187.20 million) contract for integrated drilling services at Johan Sverdrup field. The contract is valid for six year

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Baker Hughes wins Norway drilling contract

Norway's oil and gas firm Statoil said on Monday it has awarded Baker Hughes a 1.5 billion Norwegian crown ($187.20 million) contract for integrated drilling services at Johan Sverdrup field. The contract is valid for six year

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Baker Hughes, Halliburton set for key merger

Shareholders on Friday voted to approve the mergers of rival oilfield services firms Baker Hughes and Halliburton, bringing the proposed deal that still lacks regulatory approvals a step closer to finalisation. Halliburton shareho

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Halliburton to buy Baker Hughes for $35 billion

Halliburton said on Monday it will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as customers curb spending on falling oil prices. Hal

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Halliburton to buy Baker Hughes for $35 billion

Halliburton said on Monday it will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as customers curb spending on falling oil prices. Hal

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Middle East leads drilling boom

Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes in the Middle East and Africa. More than 1,300 drilling rigs have been operating

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Increased activity boosts oilfield firms' profits

Increased oilfield activity in US offshore waters and overseas gave a bigger-than-expected lift to profits at Schlumberger and Baker Hughes, marking a clear divide with struggling smaller US oil services firms.  

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Baker Hughes opens research centre in Dhahran

The Baker Hughes Dhahran Research and Technology Center opened yesterday with a focus new technologies to unlock the potential of unconventional resources. The newly constructed, world-class centre is the result of years of planning and a

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