Halliburton Archives - Page 5 of 11

Halliburton releases DS365.ai intelligent automation service

November 4, 2021

World Oil HOUSTON – Halliburton Company released DS365.ai cloud service to help customers accelerate their digital transformation with intelligent automation. DS365.ai delivers industry specific artificial intelligence (AI) and machine learning (ML) models to enhance productivity, operational efficiency, and increase asset value. DS365.ai runs on the OSDU™ Data Platform and uses the interoperable and scalable architecture of iEnergy® Cloud. This allows

Halliburton posts Q3 profit as drilling rebounds, eyes jump in customer spending

October 19, 2021

Reuters 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. Oil prices have rallied to multi-year highs with global crude futures climbing 4.5% in the quarter ended Sept. 30, helped

Halliburton introduces iStar Intelligent Drilling and Logging Platform

October 13, 2021

World Oil 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 for reservoir evaluation, faster drilling, and consistent well delivery. The iStar platform acquires high-definition measurements closer to the bit and

Halliburton and Voltagrid team to reduce Chesapeake Energy’s Marcellus shale emissions

August 4, 2021

World Oil 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 Marcellus. It combines Halliburton’s all-electric fracturing spread featuring the Zeus 5,000 horsepower electric pumping unit with VoltaGrid’s advanced power generation

Halliburton eyes multi-year up-cycle for oil markets as activity picks up

July 20, 2021

Reuters 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 reported a 33.5% jump in second-quarter profit from the previous three months, as higher crude prices buoys demand for oilfield

Halliburton points to oil industry recovery after profit beat

January 19, 2021

Reuters 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 oil prices are holding to gains from a rebound in late-2020 from a coronavirus-induced slump, with Brent crude hovering around

Halliburton to set science-based emission reduction goals

November 19, 2020

Reuters 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 the global energy industry faces intense pressure from investors worried about the climate impact of fossil fuels. Halliburton joins over

Halliburton to provide digitalization for PETRONAS exploration activities

July 28, 2020

Halliburton 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 initiatives and reduce exploration time by increasing collaboration and efficiency. PETRONAS is the custodian of Malaysia’s oil and gas resources

Halliburton takes $2.1B charge as coronavirus slams business

July 20, 2020

Fox 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 revenue plunged 46 percent from a year ago to $3.2 billion, missing the $3.31 billion that analysts surveyed by Refinitiv were anticipating. Adjusted earnings, which

Halliburton slashes dividend by 75% in latest move to save cash

May 20, 2020

Reuters 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 experienced historic drops throughout March and April, brought on by the demand destruction caused by coronavirus-related lockdowns and a price

Oilfield spending to fall 21% as producers slash outlays: report

April 1, 2020

Reuters 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 gas producers slash spending. The decline comes as the coronavirus pandemic has crushed oil and gas demand, and Saudi Arabia

Fracking giants warn shale crash will be faster this time

March 25, 2020

Houston Chronicle 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 the lows seen in 2016, the drop could be much faster this time around, Schlumberger Ltd. told analysts and investors

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