Halliburton is a well-known, shady company that has made a lot of profit on the misery of the world, thanks to it's partnership with corrupt politicians and dictators. The perfect company to churn out profits for it's conscienceless share holders, pumping dirty oil into the world. The rest of us will see no good from this. Typically, monopolized industries do not bring costs down for consumers.
This deal will be good for the companies and the shareholders. It will not be good for consumers or employees. The merged company will reduce the workforce, and call them 'efficiencies', and raise prices, 'to protect consumers'. We have all seen this show before. Ultimately, oil prices and related costs will rise.
Oil consumers won't know until the future if the Halliburton-Baker Hughes deal is a good deal or bad one, but there are indications that the deal won't be the best for all parties. As with any big company, the details of the arrangement seem to favor business more than consumers. This leaves many wondering if the consumer was part of the plan or if there is going to be a way to track how it might help people outside of the arrangement.
No, I do not believe the Halliburton-Baker Hughes deal will be good for oil consumers. Following this aquisition, there will be 1 less competitor in the field which I believe will cause an increase in prices. The lower the amount of competitiors, the less chance of a price war on oil overall.