Oil drilling giants Halliburton & Baker Hughes, have recently merged to rival competitors such as Schlumberger (the leading competitor of oil drilling). Halliburton & Baker Hughes, both based out of Houston, settled the merging deal for $34.6 Billion. Not only was this deal used to rival competitors, however, reports indicate that this deal would save a combined $2 Billion on usual oil drilling resources.
Check out this New York TImes article for a more complete report regarding this new deal. Do you agree with the merging of major oil companies, let us know below?