Halliburton puts up its drill bits, directional drilling and
LWD/MWD businesses for sale. The announcement was made earlier today. The final
sale is bordered around the company’s Board of Directors and final approvals of the Baker Hughes acquisition by competition authorities.
There strong speculations that the sale is as a result of the merger between Halliburton and Baker Hughes of which Baker Hughes has a bigger and stronger business arm of the drill bits, directional drilling and LWD/MWD.
Today saw Brent crude drop to $55 a barrel.
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