US Justice Department

US sues in effort to block Halliburton buying Baker Hughes

Halliburton, Baker Hughes deal announced before oil prices dropped WASHINGTON _ The Justice Department is suing to stop Halliburton from buying oilfield-services rival Baker Hughes, the latest effort by the Obama administration to block mergers that it believes enrich corporations but hurt consumers. The government argues that the $35 billion deal would lead to higher prices

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Schlumberger subsidiary pleads guilty to US trade sanctions violations

Schlumberger subsidiary conducted business with Sudan and Iran The world’s largest oil services company, Schlumberger Ltd., has agreed to a penalty of more than $232 million and one of its subsidiaries will plead guilty to trade sanctions violations, the Justice Department announced Wednesday. The criminal case against Schlumberger Oilfield Holdings Ltd. resolves a years long investigation

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