Wall Street Journal | GE Nears Deal to Combine Oil and Gas Business With Baker Hughes, Sources Say Wall Street Journal General Electric Co. is nearing a roughly $30 billion deal to combine its oil and gas business with Baker Hughes Inc., creating an energy powerhouse that would give GE a cost-effective way to play any recovery in the industry. GE plans to contribute ... Gulf of Mexico oil rig count drops by one Oil futures remain lower as Baker Hughes reports small decline in US oil-rig count |