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Halliburton gaining pump technology in Baker Hughes deal

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HOUSTON (Bloomberg) -- With its $34.6 billion purchase of Baker Hughes Inc., Halliburton Co. will add a new technology that’s aimed at replacing the well-known nodding donkey pumps that have been a symbol of the oil business for a century. The new system, unveiled by Baker Hughes in May, offers a way to retrieve the final drops of crude from aging oilfields, and should help fill a gap in Halliburton’s offerings.


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Halliburton gaining pump technology in Baker Hughes deal Halliburton gaining pump technology in Baker Hughes deal Reviewed by Crude Oil Brokers on 13:20 Rating: 5

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