The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. November 3, 2016 GE & Baker Hughes to Merge, Creating 2nd Largest Oilfield Service Company ------------------------------------------------------------------------- In more oil and gas news, General Electric and Baker Hughes have announced plans to merge, which would create the second largest oilfield service company in the world, after Schlumberger. The merger comes amid increasing consolidation in the oil and gas industry. Topics:Natural Gas & Oil Drilling .