Halliburton Archives - Page 2 of 11

Halliburton awarded contract for Northern Endurance Partnership CCS monitoring

August 5, 2025

(World Oil) – Halliburton has secured a contract to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system in northeast England’s East Coast Cluster (ECC). Halliburton will manufacture and deliver the majority of the equipment required for this project from its U.K. completion manufacturing facility in Arbroath. For more than 50

Halliburton will idle some equipment amid lower oilfield demand

July 23, 2025

(World Oil)– Halliburton Co. is idling some oilfield equipment in response to deteriorating demand among shale companies. The world’s largest provider of hydraulic fracturing is forecasting shrinking margins in its biggest business line as weakening demand weighs on the prices it can charge, Chief Executive Officer Jeff Miller said Tuesday. The company plans to idle or retire some equipment. “We’ll

Halliburton says Mexico oil output decline rates will pressure reactivation of business

July 22, 2025

(Investing) – HOUSTON -U.S. oilfield service provider Halliburton (NYSE:HAL) on Tuesday said Mexico’s crude production decline rates are creating pressure for a reactivation of business amid long delays from state-run Pemex to pay its suppliers. Output of crude and condensate by Pemex, the largest producer in the country, fell 8.4% in May to 1.64 million barrels per day, according to official figures.

Chevron and Halliburton Enable Intelligent Hydraulic Fracturing

June 12, 2025

(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)–Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Halliburton (NYSE: HAL) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention. The capability enhances the previous implementation of autonomous

Halliburton, Schlumberger brace for the next oil slump

May 13, 2025

(Oil Price) – U.S. oilfield service majors had a good run after the pandemic lockdowns ended. Oil demand rebounded strongly, drillers drilled more, and even the climate-focused energy policies of the Biden administration could not ruin that. Now, a price rout that has already prompted the E&P segment to issue warning after warning is putting the good run on an extended

SLB wraps up oilfield services quarter with profit miss, cautious outlook

April 25, 2025

(Reuters) – Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty, volatile oil prices and rising tariff risks. Shares of the company fell nearly 2% in premarket trading following results. SLB’s report rounds out

Shale slowdown? Halliburton sounds the alarm

April 24, 2025

(Oil Price) – The heightened oil market and macroeconomic uncertainties in recent weeks are baffling not only analysts. Halliburton, the oilfield services giant with the highest exposure to the U.S. fracking market, has just warned investors that its U.S. customers are re-evaluating drilling activity plans for 2025. “Looking forward, many of our customers are in the midst of evaluating their activity

$Halliburton announces tariff impact on drilling, frac operations- oil and gas 360$

Halliburton announces tariff impact on drilling, frac operations

April 23, 2025

(World Oil)– Halliburton Co., the world’s largest provider of hydraulic fracturing services, fell sharply after warning investors that tariffs will impact a wide swath of the company’s business units. The dominant North American oil field services provider told investors Tuesday on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second

Halliburton launches its second electric TRSV following success of industry’s first

February 18, 2025

(World Oil) – Halliburton today announced the launch of the new EcoStar® electric tubing-retrievable safety valve (eTRSV). This second-generation product builds on the success of the industry’s first electric TRSV, which won the OTC Spotlight on New Technology Award in 2017. With the new EcoStar eTRSV, Halliburton solved a three-decade industry challenge by eliminating hydraulic actuations from safety valve systems.

Halliburton secures major offshore drilling contract with Petrobras

January 31, 2025

(World Oil) – Halliburton announced a contract award from Petrobras for integrated drilling services across several offshore fields in Brazil, the result of a competitive process. The contract scope includes drilling services for development and exploration wells over a three-year period. In this contract, Halliburton will provide iCruise® intelligent rotary steerable system (RSS) to reduce well time and place wells accurately,

$Halliburton, Coterra launch first fully automated hydraulic fracturing program- oil and gas 360$

Halliburton, Coterra launch first fully automated hydraulic fracturing program

January 6, 2025

(World Oil) – Halliburton and Coterra Energy announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv® Auto Frac service, which is part of the ZEUS platform. This technology automates stage delivery execution with the push of a button. Coterra is the first operator to fully automate and control their hydraulic fracturing design and execution. The Octiv Auto

Halliburton launches Intelli portfolio of diagnostic well intervention services

December 3, 2024

(World Oil) – Halliburton has launched its Intelli suite of diagnostic well intervention wireline logging services. This suite of services is designed to facilitate customer collaboration, improve well insights to enable increased production, help extend asset life and reduce total cost of operations. “As customers look to maximize production and improve the efficiency of their wells, our Intelli suite helps improve

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