By Nicholas Earl The Competition and Markets Authority (CMA) has raised concerns over Baker Hughes’ proposed acquisition of Altus. The watchdog fears the deal could result in oil and gas operators in the UK facing inferior terms for well intervention services. Well intervention services are essential services used by oil and gas operators to manage well production, provide well diagnostics and modify a well’s state or configuration. Both Baker Hughes and Altus supply various well intervention services in the UK, including to operators on the UK ‘s continental shelf. The CMA’s Phase 1 investiga…