Oilfield Service Firms Struggle Amid Mega-Mergers in Oil Sector

SLB and Halliburton reported second-quarter results last week, and both noted strong international business and weaker performance at home. Baker Hughes, which posted its report on Thursday, also noted the strength of its international business—and didn't boast the performance of its business at home. It's a trend that's strengthening. The series of megadeals in the oil and gas space in the United States that started last year and continued into this year has had an impact across the industry. Yet this impact was perhaps felt most…