Halliburton, Baker Hughes in potential merger talks

Baker Hughes confirmed that it has engaged in preliminary discussions with Halliburton regarding a potential business combination transaction.

The company said in a statement on Thursday that “these discussions may or may not lead to any transaction.”

“Baker Hughes does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required,” the company said.

A potential merger would create a drilling and well services giant worth about $67 billion. The deal would be one of the largest in the energy sector in the last ten years.

LNG World News Staff, November 14, 2014; Image: Halliburton