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2016-05-05 18:05:00

HALLIBURTON VS U.S.: SENSELESSLY

HALLIBURTON VS U.S.: SENSELESSLY

Halliburton's chief executive has blamed an increasingly difficult US regulatory climate for the collapse of his company's $28bn bid for rival Baker Hughes, which was abandoned on Sunday.

Speaking to analysts on a call on Tuesday morning Dave Lesar, who has led Halliburton since 2000, said that although the two oil services groups had expected to face scrutiny from competition regulators, "things have changed a bit".

He also cited the "abrupt and deep downturn" in the oil services market, which meant that Halliburton would have…

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Tags: HALLIBURTON, USA, BAKER, HUGHES
Chronicle:
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