energy Tag

There is certainly commercial logic behind Halliburton’s move to acquire rival Baker Hughes – to form an oilfield services company that would be slightly more than half the size of the dominant global leader Schlumberger – as plunging oil prices threaten to curb activity in...

Halliburton is to acquire all the outstanding shares of Baker Hughes in a stock and cash transaction valued at US$78.62 per Baker Hughes share, representing an equity value of US$34.6bn and enterprise value of US$38bn, based on Halliburton’s closing price on November 12, 2014, the day prior to...

Giant French energy utility GDF Suez is looking to offload a lot more power-generation assets in Europe, following its sale of a 50% stake in a portfolio of thermal and renewable plants in Portugal to Japan’s Marubeni for around €1bn (US$1.33bn). GDF has been hit by...