Posted on · As we learned last week (May 2, 2016), Halliburton and Baker Hughes — two of the world’s biggest oilfield services companies — called off their proposed merger, worth around $28 billion. To learn more about why the deal fell through — and about the impact on Houston — is Loren Steffy, managing director for 30 Point […]
Posted on · Last week (May 2, 2016), Halliburton and Baker Hughes — two of the world’s biggest oilfield services companies, headquartered in Houston — called off an estimated $28 billion merger. On this edition of Houston Matters, we discuss why the deal ultimately fell through — and what the impact may be on Houston. We welcome your questions […]
Posted on · Amid news that the U.S. Justice Department is suing to block the proposed merger of Halliburton and Baker-Hughes, we revisit our conversation from just last month about the possibility this deal could be squelched. Just a couple months ago, during one of our internal weekly pitch meetings to discuss future Houston Matters topics, one of […]
Posted on · A Houston-based company has entered into an agreement with the U.S. Department of Energy (DOE) to carry out a project designed to modernize a portion of the country’s electric grid and be able to deliver wind-generated energy from the Texas panhandle, Oklahoma and southwest Kansas to more than 1.5 million homes across several states. DOE […]
Posted on · Remember how in November 2014, Halliburton and Baker Hughes announced they were merging? The nation’s second and third largest oilfield service companies coming together to the tune of $34.6 billion. Then…nothing. The merger hasn’t happened yet. In the more than 14 months since, crude oil prices have dropped lower than nearly anyone imagined. Both corporations […]
Posted on · Remember how in November 2014, Halliburton and Baker Hughes announced they were merging? The nation’s second and third largest oilfield service companies coming together to the tune of $34.6 billion. Then…nothing. The merger hasn’t happened yet. In the more than 14 months since, crude oil prices have dropped lower than nearly anyone imagined. Both corporations […]
Posted on · The Houston-based oilfield services giant has let 18,000 employees go since the end of 2014 – more than a fifth of its global workforce.