Ambitious, far-sighted or ‘Lego’ play, streamlining oilfield equipment industries and linking the lot with Baker Hughes, one of the oil service majors, was exposed to professional skepticism from the start and to oil market vagaries a bit later
Starting out with laudable ambitions, the GE – Baker Hughes October ’16 partnership came to life after a drawn-out two-year battle for control of Halliburton
By including industries relying on the OIl & Natural Gas Services value chain for only for a part of their revenue stream, our theme is less exclusively exposed to the Oil & Gas Drilling industry, impacted by the slowdown of exploration activities