Halliburton – Page 7 – Oil & Gas 360

Europe Clears Acquisition of Baker Hughes by General Electric

May 31, 2017

One step closer to final After an investigation of possible competition concerns, the European Commission has cleared unconditionally the acquisition of Baker Hughes Incorporated (ticker: BHI) by General Electric Company (ticker: GE), the Commission announced today. The Commission concluded that the transaction would not adversely affect competition in the relevant markets. On a number of specific markets the two companies sell competing

Halliburton Announces New CEO

May 19, 2017

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 company announced Wednesday that its board of directors unanimously elected Miller to the role of both president and CEO effective

North American Operators Drive Halliburton Recovery

January 23, 2017

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 half of the year saw E&P companies drilling more wells, which led to higher demand for Halliburton’s services and a

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

October 24, 2016

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 on the monster frac. Sand, known in the oil and gas industry as proppant, is what’s hot. In today’s world

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

October 19, 2016

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 like it is heading in Q4 2016 and into 2017. The following excerpts are from Lesar’s and other HAL executives’

Trending in the Utica and Marcellus: Superlaterals

September 21, 2016

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 ways to create profitability in today’s market, drillers are looking to make each well they drill more economic than the

Halliburton Calls Q2 the Bottom, Gets Ready to Gear Up

July 20, 2016

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 in the first three months of the year, but the company’s management was clearly optimistic that this quarter represented what

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

May 6, 2016

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 read the backstory behind the making of the deal that would have created the world’s second largest oilfield services company. The chain of

Halliburton and Baker Hughes’ $35 Billion Merger is Dead

May 3, 2016

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 the crash in commodity prices and $28 million yesterday before the announcement, met with heavy resistance from the U.S. Department

Halliburton Announces First Quarter Earnings

May 3, 2016

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 of 2016 was $64 million, or $0.07 per diluted share, excluding special items. This compares to income from continuing operations

Diamond Offshore Names Kelly Youngblood as Senior Vice President and CFO

May 2, 2016

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 be effective May 3, 2016. Mr. Youngblood succeeds Gary T. Krenek, who is retiring after 33 years of service to the Company and its predecessors.

Is the Halliburton+Baker Hughes Combination “Unfixable”?

April 6, 2016

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), over antitrust concerns. The combination of Halliburton and Baker Hughes would leave the combined company and Schlumberger (ticker: SLB) as

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