Almost 16 months after announcing its takeover of oilfield services rival Baker Hughes Inc., Halliburton Co. is adding yet more assets to the list of businesses it plans to sell to appease antitrust regulators who’ve been stalling the deal.
Halliburton plans to divest Baker’s offshore drilling-and-completions fluids division and the bulk of Baker’s completion systems, according to people familiar with the matter. The units join two other batches of overlapping business lines that Halliburton has said it will sell to assuage the U.S. Department of Justice’s concerns that the deal will hurt competition.
It’s not clear at this stage how much the new assets Halliburton is looking to sell may fetch, the people said, asking not to be identified as the process isn’t public.
Brazil Energy Insight 
Leave a comment