Post Tagged with: "halliburton"

Source: Bloomberg

Iraq may make decision on Halliburton gas deal in May

World Oil


(Bloomberg) — Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.

An agreement with Halliburton would enable the …

Source: World Oil

Halliburton introduces StrataStar real-time multilayer visualization while drilling

World Oil


Halliburton Company today introduced StrataStar™, a deep azimuthal resistivity service that provides multilayer visualization to maximize well contact with the reservoir and improve real-time reserves evaluation.

The StrataStar service is the latest addition to Halliburton’s iStar™ intelligent

Source: World Oil

Halliburton sees frac equipment orders double as shale rebounds

World Oil


HOUSTON (Bloomberg) –Shale-oil companies are using almost all of the frac equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply-chain disruptions across the industry.

North American oil drillers appear likely to expand …

Source: Reuters

Halliburton doubles quarterly profit, boosts dividend as oil rebounds

Reuters


BENGALURU (Jan 24): Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield service company to lift its dividend following a rebound in crude and natural gas prices.…

Source: Reuters

Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister

World Oil


(Bloomberg) –Halliburton Co. and Exxon Mobil Corp. are in talks over the latter’s attempt to sell a stake in the huge West Qurna-1 oil field in southern Iraq, according to the country’s energy minister.

Iraq wants a U.S. …

Source: World Oil

WPC 2021: Halliburton sees a future of oil scarcity as spending falls

World Oil


HOUSTON (Bloomberg) –Halliburton Co., the oil industry’s largest frac services provider, warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014.…

Source: World Oil

Halliburton releases DS365.ai intelligent automation service

World Oil


Source: Reuters

Halliburton posts Q3 profit as drilling rebounds, eyes jump in customer spending

Reuters


U.S. oilfield firm Halliburton Co on Tuesday posted its third consecutive quarterly profit and said customer spending in the United States could jump 20% next year, as stronger oil prices and drilling activity boost demand for services and equipment.…

Source: World Oil

Halliburton introduces iStar Intelligent Drilling and Logging Platform

World Oil


HOUSTON – Halliburton Company released the iStar Intelligent Drilling and Logging Platform, a comprehensive measurement platform comprising multiple services for greater control of drilling and logging operations.

The platform’s digital architecture supports automation, machine learning, and artificial intelligence …

Source: World Oil

Halliburton and Voltagrid team to reduce Chesapeake Energy’s Marcellus shale emissions

World Oil


HOUSTON– Halliburton Company and VoltaGrid LLC announced the first successful deployment of an advanced electric fracturing solution. This project is the first pad in a multi-year contract with Chesapeake Energy Corporation with more than 140 stages in the …

Source: Reuters

Halliburton eyes multi-year up-cycle for oil markets as activity picks up

Reuters


Oilfield company Halliburton Co on Tuesday said the industry was in the early stages of a multi-year up-cycle, as activity has rebounded from pandemic lows and pricing for some of its services has inched higher.

The Houston, Texas-based company …

Source: Reuters

Halliburton points to oil industry recovery after profit beat

Reuters


Halliburton Co on Tuesday predicted a recovery in the global oil and gas industry from the second quarter after the oilfield services provider beat profit estimates on cost cuts and modest gains in activity following last year’s slump.

Crude …

Source: Reuters

Halliburton to set science-based emission reduction goals

Reuters


Oilfield services provider Halliburton Co said on Thursday it would set greenhouse gas emission reduction targets in line with what the latest climate science outlines is necessary to meet the goals of the Paris Accord.

The announcement comes as …

Source: Reuters

Halliburton to provide digitalization for PETRONAS exploration activities

Halliburton


Deploying DecisionSpace® 365 powered by the iEnergy® Cloud to integrate and streamline upstream operations

HOUSTON–(BUSINESS WIRE)–Jul. 28, 2020– Halliburton Company (NYSE: HAL) today announced it received a scope expansion from Petroliam Nasional Berhad (PETRONAS) to support their upstream digitalization …

Source: Fox Business

Halliburton takes $2.1B charge as coronavirus slams business

Fox Business


Halliburton Co. booked a $2.1 billion pre-tax impairment charge in the three months through June as the COVID-19 pandemic provided difficult business conditions in North America.

The Houston-based energy-services provider posted a net loss of $1.7 billion as …

Source: Reuters

Halliburton slashes dividend by 75% in latest move to save cash

Reuters


Oilfield services provider Halliburton Co slashed its quarterly dividend by 75% on Wednesday, the latest move by the company to shore up cash to cope with a dramatic plunge in oil prices that began in March.

U.S. oil prices …

Source: Reuters

Oilfield spending to fall 21% as producers slash outlays: report

Reuters


Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report to be released on Wednesday by consultancy Spears & Associates, as oil and …

Source: Houston Chronicle

Fracking giants warn shale crash will be faster this time

Houston Chronicle


Two of the world’s biggest oilfield service companies are warning of a bigger shale crash than the one that hit the U.S. and Canada just five years ago.

While the decline in North American drilling rigs could approach …

Source: nasdaq.com

Halliburton to ‘significantly’ cut 2020 capex below $1.2 billion budget

Reuters


Oilfield services firm Halliburton (HAL.N) is accelerating its cost-cutting and will significantly reduce spending this year below its original $1.2 billion budget, its finance chief said on Tuesday.

The Houston, Texas-based company did not disclose a new …

Source: Houston Chronicle

Halliburton to furlough 3,500 employees in Houston amid falling oil prices

Houston Chronicle


Oilfield service giant Halliburton plans to furlough about 3,500 employees of its Houston headquarters for the next two months amid grim market conditions that include four year-low oil prices and the coronavirus outbreak.

Employees at the company’s North …

Source: Houston Chronicle

Halliburton wins offshore wells contract for Australian LNG project

Houston Chronicle


Houston oil-field service company Halliburton has landed a contract for offshore natural gas wells that will feed an LNG project in Northwest Australia.

In a statement released early Monday, Halliburton said it won drilling and completion services for …

Source: Houston Chronicle

Halliburton closes 2019 with $1.7 billion loss

Houston Chronicle


Houston oil field service company Halliburton said Tuesday that it closed 2019 with a $1.1 billion loss amid an ongoing shale slump in the United States that has weakened demand for hydraulic fracturing and related services.

The loss …

Source: Houston Chronicle

Halliburton to close office in Oklahoma, lay off 800 employees

Houston Chronicle


Houston oilfield service company Halliburton plans to close an office just west of Oklahoma City where more than 800 employees are losing their jobs.

In a Monday morning letter filed with the Oklahoma Office of Workforce Development, Halliburon …

December 3, 2019 - 12:00 pm Closing Bell Story‎, Economy, Energy News, Oilfield Services, People
Venezuelan mayor seizes Baker Hughes office for ‘not paying local taxes’

Venezuelan mayor seizes Baker Hughes office for ‘not paying local taxes’

Source: Houston Chronicle


A mayor in Venezuela temporarily seized an office belonging to Houston oilfield service company Baker Hughes, claiming that the company “chronically failed to pay municipal taxes.”

Baker Hughes said the office has since been reopened after both …

Source: Reuters

Investors brace for poor U.S. shale earnings amid weak oil and gas prices

Source: Reuters


(Reuters) – Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.

Major shale producers ConocoPhillips (COP.N) and …

Source: patenergy.com

Patterson-UTI cost cuts help it post smaller-than-expected loss

Source: Reuters


(Reuters) – Oilfield services firm Patterson-UTI reported a smaller-than-expected loss on Thursday, as cost cuts helped it limit the impact of an ongoing decline in North American shale activity.

An investor push toward higher returns instead of growth …

FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., April 30, 2016. REUTERS/Andrew Cullen/File Photo

Halliburton vows more cost cuts as shale demand dwindles, shares rise

Reuters:


Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%.

The biggest …

October 21, 2019 - 8:53 am Closing Bell Story‎, Oilfield Services
Photo: Steve Gonzales, Staff

Halliburton lays off 650 employees in four western states

Houston Chronicle


Houston oilfield service giant Halliburton has laid off 650 employees in four western states from New Mexico to North Dakota.

In a notice filed on Monday with the Colorado Department of Labor and Employment, Halliburton reported that the …

October 9, 2019 - 3:21 pm Closing Bell Story‎, Economy, Oilfield Services
Source: Lonestar Resources

Energy Bankruptcies Back on the Rise in 2019

From The Houston Chronicle


After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019.

The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and …

Halliburton Lands Nine Contracts for Offshore Project in West Africa

Halliburton Lands Nine Contracts for Offshore Project in West Africa

From The Houston Chronicle


Houston oilfield service company Halliburton has landed nine contracts to drill and complete a series of wells off the coast in West Africa.

Australian exploration and production company Woodside Energy awarded the contracts to Halliburton as …