Tradequip Blog & Oilfield Industry News

By Swetha Gopinath (Reuters) – Halliburton Co said on Monday it will buy Baker Hughes Inc for about $35 billion (22.37 billion pounds) in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as customers curb spending on falling oil prices. “Stronger in any market condition is better,” he […]

American workers and motorists got some badly-needed relief this week when the price of oil plunged to its lowest level in years. The oil price has fallen by about 25 percent since its peak back in June of $105 a barrel.  This is translating to lower prices at the pump with many states now below […]