Post Tagged with: "halliburton"

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,

Halliburton, Baker Hughes Each Close on Record Years in Q4’14 Results

Halliburton, Baker Hughes Each Close on Record Years in Q4’14 Results

Two oilservice giants standing tall in face of downturn

The oil and gas industry may be bracing for a downturn in drilling operations, but Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) are entering 2015 on the heels of one …

January 20, 2015 - 5:18 pm Earnings, Midstream, Oil and Gas 360 Articles, Oilfield Services
Halliburton, Baker Hughes to Merge in $34.6 Billion Deal

Halliburton, Baker Hughes to Merge in $34.6 Billion Deal

Includes $3.5 Billion Payout to Baker Hughes if Merger Fails to Gain Antitrust Approval

The rumblings of a landmark oilservices deal that began on Thursday evening came to fruition over the weekend. By Monday, November 17, 2014, Halliburton (ticker: HAL), …

Two of Top Three OilService Companies Speak of Merger

Two of Top Three OilService Companies Speak of Merger

Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) have begun preliminary talks of a merger, Dow Jones reported on November 13, 2014. BHI confirmed the report later in the evening but did not make any guarantees as to the completion …