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Title
Oilfield services eye mergers as oil continues to fall.
Abstract
The article reports on the merger between oilfield services companies Halliburton and Baker Hughes. Topics discussed include the possibility of additional mergers in the oilfield services industry due to declining oil prices and tightening market conditions, the potential implications of this merger for the U.S. onshore market, and the statement issued by Halliburton chief executive officer (CEO) David Lesar regarding the combined business operations of the firms.