HOUSTON (Bloomberg) -- Halliburton Co. is in talks to buy Baker Hughes Inc. in a deal that would combine two of the largest and oldest names in the energy business amid plunging oil prices. By eliminating a competitor, Halliburton, already the world’s second-biggest provider of oilfield services, would gain market clout that would help insulate it from a sustained market decline. A combination of Halliburton with No. 3 Baker Hughes would be a little more than half the size of larger rival Schlumberger Ltd.
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Halliburton, Baker Hughes consider merger amid downturn
![Halliburton, Baker Hughes consider merger amid downturn]()
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