Post Tagged with: "halliburton"
Halliburton announces fourth quarter 2023 results and increases dividend
- Net income of $0.74 per diluted share.
- Adjusted net income per diluted share1 of $0.86, excluding losses in Argentina primarily due to currency devaluation.
- Revenue of $5.7 billion and operating margin of 18%.
- Cash flow
Halliburton introduces wellbore-positioning service to optimize drilling operations
(WO) – Halliburton Company introduced GuideStar, a service that uses high-resolution sampling to provide continuous, definitive survey measurements for more precise wellbore positioning.
The GuideStar service enhances well delivery by increasing the understanding of the centerline wellbore placement …
Halliburton announces second quarter 2023 results
- Reported net income of $0.68 per diluted share.
- Adjusted net income per diluted share1 of $0.77 increased more than 50% year-over-year.
- Revenue of $5.8 billion, increased 14% year-over-year.
- Operating margin of 17.4%, a 329 basis
Halliburton, Nabors to collaborate on automation, well construction, drilling technologies
(WO) – Halliburton Company and Nabors Industries announced an agreement on leading well construction automation solutions. Under the agreement, Halliburton and Nabors will collaborate on their technologies including the Halliburton Well Construction 4.0 digital surface and subsurface drilling …
Halliburton announces first quarter 2023 results
- Net income of $0.72 per diluted share.
- Net income per diluted share more than doubled from Q1 2022.
- Revenue of $5.7 billion, increased 33% year-over-year.
- Operating margin of 17.2%, increased 530 basis points year-over-year.
HOUSTON–(BUSINESS WIRE)–Apr. …
Halliburton appoints new Eastern Hemisphere President
(WO) — Halliburton Company announced that Shannon Slocum, Senior Vice President, Global Business Development and Marketing, has been promoted to the role of President, Eastern Hemisphere, effective immediately. Joe Rainey, President, Eastern Hemisphere, is retiring and will serve …
Halliburton announces fourth quarter 2022 results and increases dividend
HOUSTON–(BUSINESS WIRE)–Jan. 24, 2023– Halliburton Company (NYSE: HAL) announced today net income of $656 million, or $0.72 per diluted share, for the fourth quarter of 2022. This compares to net income for the third quarter of …
Halliburton: The era of exponential growth in U.S. oil and gas is over
The era of “exponential” growth in the U.S. oil and gas industry is over as most shale firms are returning cash to investors instead of going into debt to drill more, according to Halliburton, the world’s largest fracking …
Iraq may make decision on Halliburton gas deal in May
(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 …
Halliburton introduces StrataStar real-time multilayer visualization while drilling
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 …
Halliburton sees frac equipment orders double as shale rebounds
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 …
Halliburton doubles quarterly profit, boosts dividend as oil rebounds
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.…
Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister
(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. …
WPC 2021: Halliburton sees a future of oil scarcity as spending falls
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.…
Halliburton posts Q3 profit as drilling rebounds, eyes jump in customer spending
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.…
Halliburton introduces iStar Intelligent Drilling and Logging Platform
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 …
Halliburton and Voltagrid team to reduce Chesapeake Energy’s Marcellus shale emissions
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 …
Halliburton eyes multi-year up-cycle for oil markets as activity picks up
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 …
Halliburton points to oil industry recovery after profit beat
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 …
Halliburton to set science-based emission reduction goals
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 …
Halliburton to provide digitalization for PETRONAS exploration activities
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 …
Halliburton takes $2.1B charge as coronavirus slams 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 …
Halliburton slashes dividend by 75% in latest move to save cash
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 …
Oilfield spending to fall 21% as producers slash outlays: report
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 …
Fracking giants warn shale crash will be faster this time
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 …
Halliburton to furlough 3,500 employees in Houston amid falling oil prices
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 …
