Halliburton Archives - Oil & Gas 360

Halliburton awarded Greenland Energy Arctic drilling contract

April 27, 2026

(World Oil) – Halliburton has been awarded a contract by Greenland Energy Company to deliver integrated services for a planned 2026 onshore drilling campaign in Greenland’s Jameson Land basin. The scope includes well planning, drilling services and logistics coordination, placing Halliburton at the center of one of the basin’s first modern exploration programs. Located in eastern Greenland, Jameson Land is a frontier area with

Halliburton weathers Iran disruption, sees early North America rebound

April 21, 2026

(World Oil) – Halliburton signaled early signs of a North America recovery while maintaining international growth momentum, even as geopolitical disruptions weighed on Middle East activity in first-quarter 2026. The oilfield services provider reported revenue of $5.4 billion for the quarter, with net income of $461 million. While overall revenue remained flat year-over-year, the company pointed to improving fundamentals in key

ExxonMobil, Halliburton deploy closed-loop automated drilling in Guyana

March 16, 2026

(World Oil) – ExxonMobil and Halliburton have completed what the companies describe as the industry’s first fully automated closed-loop geological well placement system during offshore drilling operations in Guyana. The project integrated rig automation, automated subsurface interpretation and geosteering, and real-time drilling optimization into a single digital workflow designed to improve well placement accuracy and operational efficiency. Halliburton deployed its LOGIX™ orchestration platform alongside

Venezuela cancels Halliburton asset sale after U.S. intervention to support oil sector restart

February 27, 2026

(World Oil) – Venezuela canceled an auction of assets seized from Halliburton Co. after the Trump administration intervened to stop the sale, as President Donald Trump seeks to smooth the return of U.S. oil companies to the South American country. U.S. government officials pressed Venezuela’s new leader to cancel the auction after a Halliburton executive met Trump and raised the issue

Halliburton launches XTR CS injection system for CCUS and CO₂ injection wells

February 13, 2026

(World Oil) – Halliburton has introduced a new injection system designed to support carbon capture, utilization and storage (CCUS) operations, as operators seek improved reliability and performance in CO₂ injection wells. The XTR™ CS injection system is a wireline-retrievable safety valve engineered for use in CCUS wells, where high pressures, temperatures and corrosive conditions can present operational challenges. The system can function as a

Halliburton deploys matrix-body directional bit for longer Permian runs

January 7, 2026

(World Oil) – Halliburton has introduced the Hypersteer MX directional drill bit, a matrix-body technology aimed at reducing well construction time in abrasive, high-flow environments. The bit merges shankless directional steerability with the durability of a matrix body to support longer drilling runs and fewer trips. Directional bits have historically required steel shanks to achieve steerability, leaving critical components exposed to erosion during

Halliburton names new EVP, COO, advancing global operations strategy

December 4, 2025

(World Oil) – Halliburton has promoted Shannon Slocum to executive vice president and chief operating officer, effective Jan. 1, 2026, marking a significant leadership shift as the company sharpens its focus on operational execution and long-term strategy. Slocum, who will also join Halliburton’s board of directors, will assume responsibility for global operations, business development, health, safety and environment (HSE), and worldwide technology.

Halliburton appoints longtime shale executive Tim Leach to board

December 2, 2025

(World Oil)– Halliburton has appointed veteran oil and gas executive Timothy A. Leach to its board of directors, effective Dec. 2, 2025, adding one of the U.S. shale sector’s most recognizable leaders to the company’s governance team. Leach will stand for election at Halliburton’s 2026 annual shareholders meeting. Leach retired earlier this year after a 40-year career that included senior leadership roles at

Halliburton beats quarterly profit estimates on steady North America drilling demand

October 21, 2025

(BOE Report)– Halliburton beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts’ average estimate of $2.17 billion. Halliburton said the results were supported by increased stimulation activity in U.S.

Halliburton wins Petrobras contracts to enhance deepwater Brazil field performance

October 16, 2025

(World Oil)– Halliburton has been awarded multiple deepwater contracts by Petrobras to deliver vessel stimulation, intelligent completions, and safety valve systems across key offshore fields in Brazil, following a competitive tender process. Under the new agreements, Halliburton will deploy its SmartWell® intelligent completion technology in the Búzios field to enable real-time reservoir management and enhance production optimization. The company will

Halliburton secures global license for WellSense FiberLine Intervention technology

September 26, 2025

(World Oil) – WellSense, a FrontRow Energy Technology Group company specializing in rapid fiber-optic well diagnostics, has sold a global license for its FiberLine Intervention (FLI) technology to Halliburton in a landmark transaction. The deal marks the first technology divestment by WellSense and its parent group. Under the agreement, Halliburton will deploy FLI for well stimulation monitoring worldwide. WellSense will continue

ConocoPhillips awards Halliburton multi-year North Sea services contract

August 14, 2025

(World Oil)– ConocoPhillips has contracted Halliburton to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods. Under the agreement, Tidewater’s vessel, North Pomor, will be transformed into an advanced stimulation vessel designed to efficiently deliver offshore well stimulation services in the North Sea. The improvements will include Octiv® digital fracturing

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