Check out some interesting headlines around the industry this week.
Halliburton-Baker Hughes Merger Pain Seen Sparking Deals (Bloomberg)
If Halliburton Co.’s bid to buy Baker Hughes Inc. fails, it may spark a scramble for deals among beaten-down oil-services firms. U.S. antitrust officials sued to stop the merger of the world’s second -and third-largest oilfield companies, Attorney General Loretta Lynch said in a statement Wednesday. The lawsuit claims the deal violates antitrust laws by eliminating competition between the firms. An offer by Halliburton and Baker Hughes to sell assets to resolve the government’s concerns wasn’t satisfactory. Read more
Technavio Announces Top Five Vendors in the Global Oilfield Services Market (Business Wire)
The global oilfield services market is characterized by the presence of established vendors. In several regions, local or regional vendors dominate the market, which has increased the competition over the past few years. In general, however, the market is dominated by large and established players like Schlumberger, Baker Hughes, Halliburton, Weatherford, and National Oilwell Varco. They have a large portfolio of oilfield-related equipment and services that can be customized depending on customer needs. Read more
In Mining Slump, Used Equipment Dealers Stockpile in Rebound Bet (Construction Equipment Guide)
Reuters is reporting that Dealers of used mining equipment, from the United States to Chile and Australia, are making a risky bet that an end to the industry's four-year slump may be in sight, stocking up on a glut of crushers and conveyors. Inventory is piling up as mines close or production slows. Buyers are especially scarce for highly specialized mineral-processing equipment, dealers say. Read more
The View From Here: Peoria, Ill., Home to Caterpillar (NPR Transcript of Broadcast)
Caterpillar is one of the world's largest heavy machinery manufacturers. If you ask anyone in Peoria if they have confidence in the economy, you may as well ask if they have confidence in Caterpillar. Read more
How Data Science is Changing The Energy Industry (CIO)
Recent declines in oil prices have hit the world economy hard. Alberta, Canada’s major oil region, has witnessed increased unemployment due to declining commodity prices. In January 2016, Saudi Arabia increased the price of gasoline for its citizens by 50 percent given the situation. With major fluctuations in prices and the high cost of energy projects, quality information has never mattered more. Read more
