EU delays decision on Halliburton merger with Baker Hughes

European Commission antitrust regulators have delayed their deadline for making a decision regarding the proposed merger between Halliburton and Baker Hughes, as the regulators await documentation related to the transaction, according to Reuters.

The European Commission will set a new deadline once the EU regulators receive the required information from the companies. The Commission's previous deadline was June 23.

To satisfy regulator concerns, Halliburton has stated that it is prepared to sell businesses with a combined 2013 revenue of $5.2 billion, but it has not yet made a formal proposal to the Commission.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...