Halliburton has cut more than 6000 positions during Q1 2016, bringing its workforce down by one-third since late-2014, in addition to a decreased revenue of 40% during the period. Image from Halliburton…
The US Department of Justice (DOJ) is taking action and suing to block Halliburton’s US$34.6 billion takeover of Baker Hughes, claiming that the merger threatens to eliminate competition, raise prices and reduce innovation in the oilfield services industry…
The European Union (EU) is delaying Halliburton’s US$34.6 billion pending takeover of Baker Hughes once again, after not receiving key data about the deal, the European Commission (EC) said in a statement. Image from Halliburton…
Oilfield services giant Halliburton will reduce its workforce by 8%, or 5000 positions, amid the falling oil prices. Image from Halliburton Twitter. The recent cuts add to the approximate 26…
The European Union (EU) suspended the deadline for its review of Halliburton’s US$34.6 billion pending acquisition of Baker Hughes last week, about a month after the EU opened an in-depth investigation to find out if the merger would impede effective competition…
UK-based exploration minnow Cluff Natural Resources (CLNR) has entered into a further memorandum of understanding (MOU) with Halliburton. The move will see the pair to collaborate on the development of CLNR's southern UK North Sea gas…
Halliburton has released the Dash 3in subsea safety system, a solution for electrohydraulic control of Halliburton’s subsea safety tree. Previously, control was provided through direct hydraulic pressure from the surface. This latest edition…
Halliburton posted a 42% loss in its total revenue year-on-year for Q4 2015 that the company said is a result from the impact of reduced commodity prices creating widespread pricing pressure and activity reductions on a global basis. Image…
Halliburton and Baker Hughes’ efforts to complete their US$34.6 billion mega merger hit a new snag with the Antitrust Division of the US Department of Justice (DOJ). Image from Baker Hughes. The…
US services giant Halliburton is offering five tranches of senior notes for a total of US$7.5 billion, to use the cash to fund a portion of the pending $34.6 billion Baker Hughes mega merger. Image from Baker Hughes…
The pending Halliburton and Baker Hughes mega merger will result in additional divestures of businesses for the approval of the US$34.6 billion deal, which is also under a three-week delay with the Antitrust Division of the US Department of Justice (DOJ)…
The US Department of Justice (DOJ) and the European Commission are digging deeper into Halliburton’s US$34 billion proposed acquisition of Baker Hughes by requesting additional information in discrete areas. Image from Baker Hughes…
Halliburton’s 2Q 2015 results have the company in the red, with a 16% drop in its total revenue, compared to 1Q 2015, that the company says is due to the industry’s recent downturn. Image from Halliburton…
The Halliburton and Baker Hughes US$34.6 billion proposed merger is getting an extension of about 90-days after the two oil giants entered into a timing agreement with the Antitrust Division of the US Department of Justice (DOJ) for its review…
Halliburton’s Completion Tools business line introduced the VersaFlex XtremeGrip expandable liner hanger system . The system extends Halliburton’s liner hanger portfolio with a high-performance, expandable liner hanger that provides a…
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