Halliburton to ‘significantly reduce workforce’ says CEO
Oilfield services giant Halliburton will “significantly reduce” its workforce in the coming weeks, according to chief executive Jeff Miller.
Halliburton
Temporary leave for 3,500 Halliburton employees in US amid falling oil prices
Oilfield service giant Halliburton plans to "furlough" about 3,500 employees of its Houston headquarters for the next two months amid grim market conditions that include four year-low oil prices and the coronavirus outbreak.
TechnipFMC slides to £1.7bn loss in Q4
Energy services firm TechnipFMC has reported a £1.7 billion pre-tax loss in the fourth quarter of 2019.
Pompeo talks energy and corruption in Africa
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.
Oilfield service giants face ‘massive challenge’ from energy transition, investment chief warns
Oilfield service giants will need to chart a new path if they wish to remain industry top dogs during the energy transition, according to the director of a global investment firm.
Exclusive: Halliburton-TechnipFMC merger could spell ‘inevitable’ North Sea job losses
North-east job losses are thought to be “inevitable” if a potential merger involving two offshore giants takes place, a union boss warned last night.
Halliburton-TechnipFMC deal: ‘Creating another giant’ comes with uncertainty, experts claim
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,
Chrysaor and Taqa restrict North Sea travel in wake of coronavirus outbreak
The largest oil and gas producer in the UK North Sea has imposed offshore travel restrictions in the wake of the coronavirus outbreak.
Halliburton closes 2019 with $1.7bn loss in Q4
Houston oilfield service company Halliburton made a $1.1 billion loss in 2019 amid an ongoing shale slump in the United States that has weakened demand for hydraulic fracturing and related services.
Trump gives five US oilfield service firms another three months in Venezuela
Trump administration officials have given five energy companies with strong ties to Houston another three months in the oil fields of Venezuela.
North Sea equipment sharing scheme could be revived next year
An innovative North Sea equipment sharing scheme devised to save companies time and money on ordering new gear could be revived next year.
Job losses expected as Halliburton looks to offload Pipeline and Process Services
More than a dozen job losses are expected to hit the workforce of a Halliburton company in the north-east.
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.
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.