Halliburton to create global oilfield services champion through Baker Hughes purchase

By Kasia Patel
Published: Monday, 17 November 2014

Halliburton's purchase of Baker Hughes will create one large Houston-based global oilfield services provider which is expected to yield annual cost synergies of almost $2bn. Better solutions to the oil and gas industry could increase activity in the sector, which, in turn could increase demand for oilfield minerals such as frac sand, barite (barytes) and bentonite.

Halliburton will buy Baker Hughes Inc. for $34.6bn to create a combined Houston-based global oilfield services provider.

Both companies, which are leading producers and providers of oilfield minerals including bentonite and barite (barytes), today entered into a definitive agreement under which Halliburton will acquire all the outstanding shares of...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.