Halliburton snaps up well intervention tools from Westerton
US oilfield service firm Halliburton has bought a package of well intervention tools from Aberdeen-headquartered Westerton UK.
Halliburton
Consolidation the answer for bloated supply chain, Simmons boss says
The recovery of the north-east’s oil and gas industry has not been “spectacular” despite a flurry of M&A activity in the first six months of the year, an industry expert has said.
Angola project could help progress marginal North Sea fields, Amplus claim
A six-month project in Angola could help in the progression of marginal North Sea fields, according to an Aberdeen-headquartered floating production firm.
Petrobras picks Halliburton for Santos Basin job
Houston-headquartered energy service firm Halliburton has been handed a contract by Petrobras for pre-salt development in the Santos Basin, offshore Brazil.
Halliburton cuts 8% of North American workforce amid fracking slump
Houston oilfield service company Halliburton said it cut 8 percent of its North American workforce as it took fleets of hydraulic fracturing equipment from the field in response to a continued slump in demand for fracking services in the United States and Canada.
Drillers fighting for survival in world of cheap oil
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
Oilfield service firms starting to lift prices, Rystad says
After several years in the doldrums, oilfield service companies are beginning to raise prices for their products and services, according to Rystad Energy.
NRG Well Management aiming for step change in upstream business
Energy services firm NRG Well Management, of Aberdeen, said it was making a “step change in approach” to its offshore business as it unveiled a new director.
Lower fracking prices continue to sting Halliburton in first quarter
Lower prices for hydraulic fracturing services in North America continue to sting Houston-based Halliburton, the second largest oilfield service company in the world.
Halliburton ties up contract with Shell for Brazilian projects
Halliburton has inked an integrated services contract with Shell for post-salt development and pre-salt exploration in Brazil's Campos and Santos Basins.
Chevron, BP, Shell rate high on LGBT equality, but energy sector lags overall
Some of the top oil and gas companies received perfect scores in the new LGBT workplace equality rankings, but the energy sector still ranks at the bottom for inclusion standards out of all industries nationwide.
Shale slowdown dents Halliburton worse than Schlumberger
The world’s biggest oilfield service companies are feeling the U.S. fracking slowdown as shale producers slash spending forecasts. But Halliburton Co. may be bearing the brunt of the pain while arch-rival Schlumberger Ltd. benefits from its bigger internationally footprint.
Halliburton closes 2018 with a £1.28bn profit despite weaker demand
Houston oil field service giant Halliburton finished 2018 with a £1.28 billion profit and beat Wall Street expectations despite weaker demand for its hydraulic fracturing services in North America.
Ex-Halliburton chair Lesar to start new oil services business
Dave Lesar, fresh from retiring as executive chairman of Halliburton Co. at the end of 2018, is working on a new venture in the oil patch with funding from private equity firm CSL Capital Management.
Jeff Miller takes up chairman role at Halliburton
The board at US oilfield services firm Halliburton has appointed president and chief executive Jeff Miller as its chairman.
Haliburton wins work at giant oil field in Iraq
Energy services firm Halliburton has won a contract for work on the giant Zubair Oil Field in Southern Iraq.
Stonehaven parts maker to double headcount after cash injection
A cash injection at a north-east precision engineering firm is expected to spark a recruitment drive over next few years.
Halliburton appoints new CFO after Weber walks
Halliburton has appointed a new chief financial officer after Chris Weber left the company "to pursue other opportunities".
Moody’s says oil service debt ‘unsustainable’
Debt levels at oil field services companies have reached "unsustainable" levels, the debt rating agency Moody's Investors Service said in a new report.
Halliburton posts higher Q3 profit despite pipeline bottlenecks
Halliburton Co. reported higher profits and revenues in the third quarter despite softer demand for certain services as pipeline bottlenecks constrained production activity in West Texas.
Well-Centric launches new asset rental division
Aberdeen-based Well-Centric has today announced the opening of a new oil and gas equipment rental division.
Fracking robots in the works as Halliburton ‘digitises’ oil field
Rack up one more thing robots can be used for: Fracking for oil.
Opinion: No, Halliburton’s world isn’t really ending
The phrase “temporary efficiency drags will create headwinds for additional upward pricing in the third quarter” may cause your eyes to glaze over. For shareholders of Halliburton Co. — whose CEO uttered those unfortunate words on Monday — it induced sudden nausea. The stock collapsed 8 percent, its biggest one-day drop since November 2014, when OPEC’s surprise decision to keep pumping sent oil into a tailspin.
Halliburton reports strong second quarter profit
Halliburton Co. reported strong second quarter profits as rising crude oil prices continued to boost drilling activity in West Texas and elsewhere, driving higher demand for hydraulic fracturing equipment and other oil field technology.
Halliburton records loss on last year
Oilfield services firm Halliburton Manufacturing and Services has posted a pre-tax loss of £12.3 million for the year ending 2017.