Oilfield services major, Baker Hughes, which is working with Halliburton to complete their proposed merger by the end of the year, faced another rough quarter due to the weak North American drilling demand. The Houston-based oilfield service contractor is likely to witness a sizeable decline in its revenue as the oil companies continue to hold back their exploration and production activities amid depressed crude oil prices. Further, we expect the world's third largest oilfield services contracto...
Oilfield services major, Baker Hughes, which is working with Halliburton to complete their proposed merger by the end of the year, faced another rough quarter due to the weak North American drilling demand. The Houston-based oilfield service contractor is likely to witness a sizeable decline in its revenue as the oil companies continue to hold back their exploration and production activities amid depressed crude oil prices. Further, we expect the world's third largest oilfield services contracto...
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