Halliburton Archives - Page 7 of 11

GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling

July 31, 2019

From Reuters General Electric Co’s oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%. Revenue in the oilfield services segment, which constitutes a majority of the company’s operations, rose 14% to $3.26 billion in the second quarter, led

Energy Master’s Program Prepares Energy Professionals for Company Leadership Roles - Oil & Gas 360

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

July 22, 2019

From Bloomberg Company executing new ‘playbook’ to deal with customer changes, shale producers are trimming spending amid investor pressure Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear. The world’s biggest provider of fracking equipment, including heavy duty rock-blasting pumps and

Kuwait Teams Up with Halliburton

July 3, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 First offshore project for Kuwait since early 1980s Kuwait Oil Company (KOC) and Halliburton (stock ticker: HAL) have signed an integrated offshore drilling services contract for six high-pressure, high-temperature exploration wells and two jack-up rigs in the Arabian Gulf. This marks the first time since the early 1980s that KOC is

Former Baker Hughes CEO Martin Craighead Joins Board

June 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Emerson Electric (stock ticker: EMR) named Martin S. Craighead, former chairman, president, and CEO of Baker Hughes, to its board of directors. Most recently, Craighead served as the vice chairman of Baker Hughes, one of the world’s largest oilfield services companies, from April 2013 until July 2017. He also served as

Service Giants May Offer Signs of Recovery During Earnings

April 17, 2019

From Bloomberg It’s been a tough few years for Schlumberger Ltd. and Halliburton Co., but the oilfield services giants may finally be on an upward curve, thanks to a recovery in international drilling activity and signs of something similar happening in the U.S. The number of fracking crews working in U.S. shale basins hit a new record earlier this month, and is up

Heard On The Call: Halliburton

January 22, 2019

Halliburton (ticker: HAL) Chairman, President and CEO Jeff Miller discussed the company’s perspective and prospects in Halliburton’s conference call. “Today, our industry is going through a transformation, brought on by the Shale Revolution and the recent down cycle. Because of that transformation, we’re entering 2019 with a very different landscape, one that I think plays to Halliburton’s strengths.” “First, North

Halliburton Shares Fall as North America Lags

January 22, 2019

From Reuters Shares of oilfield firm Halliburton Co (HAL.N) fell sharply on Tuesday after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending. Clients in North America, Halliburton’s biggest market by revenue, began pulling back on some drilling services last year amid transportation bottlenecks

Halliburton CEO Miller Becomes Chairman

January 2, 2019

Lesar retires as exec chairman Halliburton (stock ticker: HAL) CEO Jeff Miller has been named chairman, effective Jan. 1, 2019, following the retirement of Executive Chairman Dave Lesar on Dec. 31, 2018. “I appreciate the confidence that the Board has placed in me,” Miller said in a statement. “Halliburton has a 100-year legacy of delivering industry-leading returns and superior customer

Halliburton’s Guided Tour of the U.S. Basin Slowdowns

October 23, 2018

Frac market temporarily weakening Like oilfield services giant Schlumberger (ticker: SLB) reported on Friday, this week Halliburton (ticker: HAL) said it too is seeing a slowdown in the overall U.S. frac landscape. The company saw a slight increase in revenue in Q3 despite the slowdown, receiving $6.17 billion compared to $6.15 billion in Q2. Operating and net income showed declines,

The Latest Sign That Permian Shale Oil Is Choking Down: HAL Warns on Q3 Earnings

September 6, 2018

From Investor’s Business Daily Oilfield services giant Halliburton (HAL) warned on third-quarter earnings at a conference Wednesday as customers face “budget exhaustion” while a transport backlog in the Permian Basin hits shale oil stocks. At the Barclays conference in New York, Halliburton CEO Jeff Miller cited pipeline bottlenecks, a tight labor market and inflation that created a worse-than-expected downturn in the Permian. These

Halliburton Doubles Operating Income

July 23, 2018

Oilfield service giant Halliburton Company (NYSE: HAL) reported Q2 income from continuing operations of $511 million, or $0.58 per diluted share. This compares to reported income from continuing operations for the first quarter of 2018 of $46 million, or $0.05 per diluted share, and adjusted income from continuing operations for the first quarter of 2018 of $358 million, or $0.41

Aramco Hires Halliburton for Unconventional Gas Completions

May 29, 2018

From the Houston Chronicle Saudi Arabia will partner with Houston-based Halliburton as it hopes to unlock a natural gas revolution similar to the shale boom that began in the U.S. more than a decade ago. State oil company Saudi Aramco signed a three-year contract Sunday with the North American fracking leader to handle the hydraulic fracturing and completions of its

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