Halliburton to lay off dozens in California
Houston oilfield service giant Halliburton is laying off dozens of employees in California amid an ongoing slump in drilling and completion activity in the United States and Canada.
Halliburton
Neptune hands out drilling deals worth £30.8m for North Sea project
Neptune Energy and partners have dished out drilling services contracts worth £30.8 million for its 50 million barrel Seagull project in the UK North Sea.
UK Supreme Court to hear Halliburton insurance wrangle on $1.1bn Deepwater Horizon payments
A dispute between Halliburton and its insurer over its $1.1bn (£855m) Deepwater Horizon oil spill payments will be presided over by the UK’s highest court today.
Oilfield services firm Halliburton swings back into the black
The UK arm of oilfield service company Halliburton has swung back into black after shrugging off previous financial losses.
Upfront costs rise on Senegal’s SNE
Developing the SNE field will require capital expenditure of around $4.2 billion, a presentation by Australia’s FAR has said, versus the previous projection of $3bn.
Impairments cut Halliburton’s pre-tax earnings in half
Pre-tax earnings at Halliburton were nearly halved in the first nine months of 2019 amid asset impairments and write-downs of its Venezuelan investments.
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.
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.