DRILLING

New alliances changing the game

HALLIBURTON'S attempted takeover of Baker Hughes may have fallen through, but service companies globally have managed to drive costs down for operators desperate to keep their balances in check by forming a range of game-changing alliances which could change the game.

Anthony Barich

The more favourable and likely-to-go-ahead merger between US underwater specialist FMC Technologies and European engineering house Technip is a prime example of such integration across different sectors...

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