Baker Hughes prepares a feast of products and services for the global petroleum market. Through its Drilling and Evaluation segment, Baker Hughes makes products and services used to drill oil and natural gas wells. It also makes bits and drilling fluids and submersible pumps. Through its Completion and Production segment, the firm provides equipment and services used from the completion phase through the productive life of oil and natural gas wells. Its Industrial Service segment provides equipment and services for the refining, process, and pipeline industries. In 2014 the company agreed to bought by Halliburton for $35 billion, but the deal fell through in 2016. GE then stepped in with an alternative offer.