Post Tagged with: "halliburton"

Halliburton Announces New CEO

Halliburton Announces New CEO

Dave Lesar passes CEO baton to Jeff Miller, remains executive chairman

After nearly 17 years at the helm of Halliburton (Ticker: HAL), Dave Lesar will be passing the title of CEO on to the company’s current president, Jeff Miller. The

North American Operators Drive Halliburton Recovery

North American Operators Drive Halliburton Recovery

Efficiency is way more important than pricing: Lesar

Halliburton (NYSE: HAL) released its fourth quarter 2016 results Monday, reporting numbers that indicate that the recovery is well underway in North America’s oil and gas sector.

Improved pricing in the second …

Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

Monster fracs, superlaterals are here to stay

Remember when that kid you didn’t like in middle school used to tell you to ‘go pound sand’? Somebody who later became a petroleum engineer has heeded that advice and began to work …

Halliburton Executives Lay Out E&P/Oilservice Landscape for Q4 and 2017

Halliburton Executives Lay Out E&P/Oilservice Landscape for Q4 and 2017

Halliburton: things are getting better for us and our customers

In Halliburton’s (ticker: HAL) Q3 2016 conference call today, CEO Dave Lesar characterized the business climate in Q3 for the company and gave some hints about where the industry feels …

Trending in the Utica and Marcellus:  Superlaterals

Trending in the Utica and Marcellus: Superlaterals

A detailed look into the drilling of the industry’s longest onshore lateral – an exclusive interview with Eclipse Resources’ COO Tom Liberatore, Halliburton VP Tony Angelle, and Deep Well Services’ Matt Tourigny

As oil and natural gas producers search for …

Halliburton Calls Q2 the Bottom, Gets Ready to Gear Up

Halliburton Calls Q2 the Bottom, Gets Ready to Gear Up

You can’t underestimate the positive change in attitude that we are seeing in our North American customers, they’re getting back to business: Lesar

Oilfield service giant Halliburton (ticker: HAL) announced its second quarter results today, reporting a larger loss than …

A Story Made for Hollywood: How HAL and BHI Banged Heads to Accomplish a $35 Billion Merger that Went Up in Smoke

A Story Made for Hollywood: How HAL and BHI Banged Heads to Accomplish a $35 Billion Merger that Went Up in Smoke

Halliburton + Baker Hughes Deal Dies, but their Intriguing Backstory Lives On

Now that the Halliburton+Baker Hughes (tickers: HAL, BHI) merger deal is going into the history books as an official bust (as of yesterday’s announcement), it’s entertaining to …

Halliburton and Baker Hughes’ $35 Billion Merger is Dead

Halliburton and Baker Hughes’ $35 Billion Merger is Dead

Halliburton and Baker Hughes decide to terminate merger

The world’s second- and third-largest oilfield service companies, Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI), announced the termination of their proposed merger agreement. The deal, which was worth $35 billion before …

Halliburton Announces First Quarter Earnings

Halliburton Announces First Quarter Earnings

Halliburton Announces First Quarter Income from Continuing Operations of $0.07 Per Diluted Share, Excluding Special Items

Reported loss from continuing operations of $2.81 per diluted share

Halliburton Company (NYSE:HAL) announced today that income from continuing operations for the first quarter

Diamond Offshore Names Kelly Youngblood as Senior Vice President and CFO

Former Halliburton VP Joins Diamond Offshore Drilling as CFO

HOUSTON, May 2, 2016 /PRNewswire/ — Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has appointed Kelly Youngblood as Senior Vice President and Chief Financial Officer, to …

May 2, 2016 - 10:49 am Closing Bell Story‎, Energy News, People
Is the Halliburton+Baker Hughes Combination “Unfixable”?

Is the Halliburton+Baker Hughes Combination “Unfixable”?

DOJ sues Halliburton over antitrust concerns in Baker Hughes acquisition

The Department of Justice today announced that it will sue Halliburton (ticker: HAL) over its planned $34 billion takeover of its next largest oilfield service competitor, Baker Hughes (ticker: BHI), …

ValueAct Sued by DOJ Over Halliburton-Baker Hughes Acquisition

ValueAct Sued by DOJ Over Halliburton-Baker Hughes Acquisition

What defines a passive investor as opposed to an activist investor?

The Department of Justice (DOJ) announced on Monday April 4, 2016, that legal action has been taken against ValueAct Capital for their activist investor position related to the merger …

Schlumberger Clears Final Hurdle in $14.8 Billion Cameron Merger

Schlumberger Clears Final Hurdle in $14.8 Billion Cameron Merger

Schlumberger receives go-ahead from Chinese Ministry of Commerce

The world’s largest oilfield service company, Schlumberger Limited (ticker: SLB) jointly announced with Cameron International Corporation (ticker: CAM) today that the Chinese Ministry of Commerce (MOFCOM) cleared their proposed merger, which …

Core Lab Continues to Outperform the Oilfield Service Sector

Core Lab Continues to Outperform the Oilfield Service Sector

Full year free cash flow represented 144% of net income in 2015

Core Laboratories (ticker: CLB, CoreLab.com) released its fourth quarter and full year 2015 results this week, proving that it is a company that can continue to outperform …

Stephens: Invest in OilService Development, Not a Recovery

Stephens: Invest in OilService Development, Not a Recovery

Buy low, sell high is perhaps the most commonly (and overly) used phrase when it comes to investing. Now that commodity prices are near the floor (depending on who you ask), investors are cherry picking stocks in hopes of capitalizing …

The Oil Industry’s Lumpy Year

The Oil Industry’s Lumpy Year

If you look at the number of jobs lost, company market value lost, and the growing numbers of oil patch bankruptcies, 2015’s continued commodities price fall led to a lot of bangs and bruises in the oil and gas industry. …

Halliburton + Baker Hughes Merger Hits Skids

Halliburton + Baker Hughes Merger Hits Skids

United States, Australia U.S. Department of Justice Still Not Satisfied with Terms

Industry enthusiasts waiting for approval of the impending merger between Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) will have to wait a little longer.

For the third …

Take Two: Halliburton/Baker Hughes Refile Merger Proposal to European Commission

Take Two: Halliburton/Baker Hughes Refile Merger Proposal to European Commission

First Proposal Denied due to “Insufficient Data”

Halliburton (ticker: HAL) remains adamant on closing its $35 billion merger with Baker Hughes (ticker: BHI) by year-end, and the two oilservice giants progressed on the antitrust side by resubmitting a regulatory filing …

Halliburton Raising $7.5 Billion, Baker Hughes Merger Talk Heats Up

Halliburton Raising $7.5 Billion, Baker Hughes Merger Talk Heats Up

Capital will be raised in Five Tranches

Advocates for the highly scrutinized merger between Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) possibly received the most positive news to date in a news release issued on November 5, 2015.

Halliburton, …

Oilservice Majors: Look for a Delayed Oil Price Recovery (But One IS Coming!)

Oilservice Majors: Look for a Delayed Oil Price Recovery (But One IS Coming!)

Forecast Pushed Back in 2016

Earnings season is underway, but you’d have a hard time believing we’re in the first week of quarterlies judging from a headline from Bloomberg this morning. It reads, “$6.5 Billion in Energy Writedowns and We’re

Halliburton Provides Market Insight in Q3’15 Release

Halliburton Provides Market Insight in Q3’15 Release

In its Q3’15 results, management of Halliburton (ticker: HAL) was more upbeat about a market recovery than its competitor Schlumberger (ticker: SLB), but warned market difficulties are likely to continue through at least the remainder of 2015.

“Looking ahead to …

Increased Frac Sand Triples Output in the Eagle Ford

Increased Frac Sand Triples Output in the Eagle Ford

Producers looking to get the most out of wells are increasing volumes of frac sand

In the current price environment, companies are doing everything they can to get the most out of their wells. Falling commodity prices have made wells …

China has Reduced its Shale Drilling & Completion Costs by 23%

China has Reduced its Shale Drilling & Completion Costs by 23%

As China looks for way to meet more of its natural gas demand domestically, it has looked to improving the economics of its own shale gas development. While China is one of four countries currently producing commercial volumes of shale …

Halliburton: North America Offers “Greatest Upside” When Oil Prices Recover

Halliburton: North America Offers “Greatest Upside” When Oil Prices Recover

True Price Recovery not expected until 2016

Refrac Opportunities a Factor in Current Market

“Weathering the storm” was the general theme of Halliburton’s (ticker: HAL) Q2’15 earnings call, highlighted by management explaining the widespread difficulties of the challenging commodity market. …

July 20, 2015 - 6:22 pm Earnings, Oil and Gas 360 Articles, Oilfield Services
Halliburton and Baker Hughes Agree to Extend DOJ Review in $34.6 Billion Merger Deal

Halliburton and Baker Hughes Agree to Extend DOJ Review in $34.6 Billion Merger Deal

Department of Justice given until November 25 to review Halliburton and Baker Hughes merger

Oilfield service giants Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) announced today that they have entered into a timing agreement with the Antitrust Division of …

Source: Gazprom. LNG tanker

European Emissaries Call for the End of U.S. Export Ban

Pennsylvania’s shale gas, affordable prices, preferred over Russian gas

Representatives from about 15 European embassies were in attendance during a recent meeting of the Williamsport-Lycoming Chamber of Commerce to discuss lifting the ban of exports of U.S. crude oil and …

Halliburton, Transocean Reach Resolution with BP

Halliburton, Transocean Reach Resolution with BP

Companies Hope to Strengthen Relationship

On May 20, 2015, Halliburton (ticker: HAL) and BP plc (ticker: BP) announced a mutual agreement to resolve remaining issues relating to charges and indemnities from the Deepwater Horizon disaster. The incident occurred 61 months …

Halliburton, Baker Hughes Announce First $3.5 Billion of Divestitures, More to Follow

Halliburton, Baker Hughes Announce First $3.5 Billion of Divestitures, More to Follow

Oilservice major Halliburton announces marketing of certain assets to satisfy antitrust laws

Earlier this month, Halliburton (ticker: HAL) announced that it would divest $3.5 billion in assets in the first round of divestitures to satisfy antitrust concerns in its $35 …

Halliburton Beats Analyst Estimates Despite Posting Q1’15 Loss

Halliburton Beats Analyst Estimates Despite Posting Q1’15 Loss

  • Analysts Impressed by Single-Digit Margin Losses
  • Awaiting the Storm:  4,000 Deferred Well Completions

Halliburton (ticker: HAL) had a tall task to live up to its record revenues from fiscal 2014, and although the company reported losses in Q1’15, its financials …

April 21, 2015 - 6:29 pm Earnings, Oil and Gas 360 Articles, Oilfield Services
Halliburton, Baker Hughes Looking to Sell up to $10 Billion in Assets

Halliburton, Baker Hughes Looking to Sell up to $10 Billion in Assets

Asset sales would satisfy antitrust laws

Next month Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) plan to seek out buyers for as much as $10 billion in assets in order to avoid antitrust concerns and complete their merger,