It is officially going to be a tough year. All over the press. BHI to make savings of $500m this year to stay alive. Brace yourselves. Now the real pain. BHI staying alive and Halls aggressive expansion in artificial lift and chemicals bringing more pain to the dead "merger" Read the news !!!!!!!!!! you may be next.
Halliburton said it would reduce "structural costs" by about 25 percent, or $1 billion, on an annual run-rate basis by the end of 2016. Baker Hughes plans to cut annual costs by about $500 million.