Democrats and Republicans on a House panel are debating over energy spending levels for domestic agencies, clean water rules and guns on federal lands, implementing more than $1 trillion worth of spending bills..”The House Appropriations Committee has approved a $35 billion energy and water projects measure and a $77 billion bill funding the Department of… Keep reading →
The Israeli regulator’s decision to reopen a natural gas agreement because of a monopoly issue jeopardizes the country’s gas export potential and its ability to attract foreign capital, as well as threatening to complicate relations with Jordan, the Palestinian Authority, and Egypt. Yesterday, Israel’s Antitrust Authority announced it was considering whether to cancel an agreement… Keep reading →
On November 17, 2014, Halliburton Company (“Halliburton”) announced plans to acquire Baker Hughes, Inc. (“Baker Hughes”) for $34.6 billion. Halliburton and Baker Hughes are two of the world’s largest oilfield services companies, providing drilling, formation evaluation, reservoir consulting and related services to oil and gas producers. Halliburton and Baker Hughes are reportedly considered two of the big three global oilfield services companies in the industry, second and third behind Schlumberger Ltd. (“Schlumberger”), the leading oilfield services company in the world. Although Schlumberger is reportedly the largest oilfield service company, reducing suppliers from 3 to 2 in any market will inevitably raise red flags with the Department of Justice (the agency expected to review the transaction), who will undoubtedly conduct a thorough antitrust review.
