Baker Hughes receives DOJ approval of Gulf of Mexico asset sale

Source: Baker Hughes Incorporated

Baker Hughes Incorporated (NYSE: BHI) announced it has received notice that the Antitrust Division of the US Department of Justice (DOJ) has approved Superior Energy Services as the purchaser of the two stimulation vessels (the HR Hughes and the Blue Ray) and certain other assets used to perform sand control services in the US Gulf of Mexico.

These assets are being divested in connection with the acquisition of BJ Services Company. The parties expect to close the sale early next week. Upon closing, the Hold Separate Stipulation and Order requiring the BJ Services and Baker Hughes business in the United States to be operated separately will terminate and the company will be free to fully integrate BJ Services into Baker Hughes globally.



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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

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...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs