Baker Hughes to Pay $550 Million for Stake in Adnoc Drilling
Cracking towers stand at the Ruwais refinery and petrochemical complex, operated by Abu Dhabi National Oil Co. (ADNOC), in Al Ruwais, United Arab Emirates. (Photographer: Christophe Viseux/Bloomberg)

Baker Hughes to Pay $550 Million for Stake in Adnoc Drilling

(Bloomberg) -- Baker Hughes, the Houston-based oilfield services business, agreed to buy a 5 percent stake in Adnoc Drilling, a deal that values the unit of government-run Abu Dhabi National Oil Co...
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