Tag: through-2019
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Oilfield services shakeup in cards after GE-Baker Hughes deal
General Electric Co’s deal with Baker Hughes Inc to create the world’s No. 2 oilfield services business is the clearest signal yet that consolidation is picking up in the energy sector as companies face long-term lower oil prices. GE said on Monday it would merge its oil and gas business with Baker Hughes, creating a…
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Oilfield services shakeup in cards after GE-Baker Hughes deal
General Electric Co’s deal with Baker Hughes Inc to create the world’s No. 2 oilfield services business is the clearest signal yet that consolidation is picking up in the energy sector as companies face long-term lower oil prices. GE said on Monday it would merge its oil and gas business with Baker Hughes, creating a…