It plans to get rid of its 62.5 - percent stake in oilfield services company Baker Hughes (BHGE.N), only months after making the multi-billion dollar investment. (reuters.com)
In addition, the solidification of the three global giants in oilfield services poses a question of how smaller companies will compete. (fortune.com)
Australia's competition watchdog believes the planned global merger of oilfield services companies Halliburton and Baker Hughes could give the combined group, and current market leader Schlumberger, too much power. (businessnews.com.au)