USA: Possible New Buyer for Geothermal Services Assets

Halliburton & Baker Hughes Reportedly In $7 Billion Asset Sale Talks With Carlyle Group (Oil Pro)

Carlyle Group, a Washington-based private equity firm, is reportedly in serious talks to acquire several oilfield services businesses from Halliburton and Baker Hughes that could be valued at more than $7 billion, Dow Jones Business News is reporting.

The discussions are occurring as the two oilfield services companies mount an attempt to overcome the recent Justice Department challenge to the planned merger.

Halliburton and Baker Hughes had initially said they would sell their directional drilling and drill bits businesses per the merger deal. Then, last September, they added more businesses to the "divestiture" list, including Baker Hughes' core completions business, Halliburton's expandable line hangers business, Baker Hughes' GOM sand control business, and Baker Hughes' offshore cementing business in Brazil, Australia, the GOM, the UK and Norway.

Read More........