Halliburton (NYSE: HAL) plans to return half its annual free cash flow to shareholders as the worldโs biggest provider of fracking services follows its oil-and-gas clients in giving more profits back to investors.
Aker BP has signed new โallianceโ agreements for rigs and wells with Noble Corporation, Odfjell Drilling and Halliburton, as it looks to bring a wave of new projects online in the coming years.
Baker Hughes' (NASDAQ: BKR) takeover of Altus Intervention could lead to โhigher prices, reduced choice and lower quality servicesโ in the UK oil and gas sector, competition authorities have warned.
Marketing for sale its business in Russia and impairments on its assets in Ukraine saw Halliburton (NASDAQ: HAL) take $366m of impairments in the first half of 2022.
Equinor is extending contracts with oilfield services giants Baker Hughes, Halliburton and Schlumberger for integrated drilling and well services on the Norwegian continental shelf (NCS).
Halliburton reported pre-tax profits of $332 million for the first quarter of 2022, but took impairments on assets and receivables in the wake of the war in Ukraine.
Iraq may reactivate a deal with Halliburton to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
Aberdeen-headquartered drilling contractor KCA Deutag has suspended new investments in Russia, as oilfield services firms join energy majors in reducing exposure to the Russian market following the invasion of Ukraine.
The worldโs three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putinโs invasion of Ukraine, announcing their decisions separately and within 24 hours of each other.
Abu Dhabi National Oil Company (ADNOC) announced a series of framework agreement awards worth some $2 billion, as it embarks on a new drilling programme.
Halliburton denied a claim by Iraqโs oil minister that itโs in talks to buy the stake of ExxonMobil in the huge West Qurna-1 oil field in the south of the country, amid ongoing uncertainty about the future ownership of the asset.
Halliburton and ExxonMobil are in talks over the latterโs attempt to sell a a stake in the West Qurna-1 oil field in southern Iraq, according to the countryโs energy minister.
Halliburton, one of the world's largest oilfield services companies, has warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crudeโs plummet from $100 a barrel in 2014.
Halliburton, one of worldโs largest oil services companies, said a unit of the firm has been hired to help seal a well head in southern Nigeria thatโs been spewing its contents for several weeks.
Halliburtonโs chief executive has praised the โeffectivenessโ of its โstrategy and executionโ after the company reported a healthy balance sheet.
North Sea operators are being warned against introducing further โbureaucracyโ amid concerns it could make life even more difficult for the supply chain.