Halliburton slumps to pre-tax losses of £2.4bn for 2020
Halliburton’s chief executive has praised “swift and decisive cost actions” after the firm delivered “strong margins and cash flow” at the back end of last year.
Halliburton
North Sea firms enjoy share price bump on OPEC deal
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
Seapulse deal ‘still alive’ despite going quiet, says Maersk Drilling
The chief operating officer of Maersk Drilling has said its deal with fledgling explorer Seapulse, targeting four billion barrels worldwide, is “still alive”, despite news going quiet over the last year.
Halliburton to lay off more than 200 in Texas
Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment.
Maersk Drilling appoints former Halliburton exec as new CFO
Maersk Drilling has appointed a former executive at oilfield services giant Halliburton as its new chief financial officer (CFO).
Baker Hughes leads oil field services firms on emissions reduction targets
Baker Hughes has the “most ambitious” emissions reduction targets of the major oil and gas services firms, a new report has found.
Total in talks on Libya work
Total has held talks with the National Oil Corp. (NOC) on increasing production and expanding in Libya, against a background where security appears to be improving.
Shell, Total and Wood among finalists for 2020 OGUK Awards
Trade body Oil and Gas UK has announced the shortlist for this year’s instalment of its prestigious OGUK Awards.
Halliburton ‘executing on priorities’ after workforce reduced by 15,000
The chief executive of Halliburton has said “strong results” show it is “effectively executing on its strategic priorities” after the firm cut 15,000 jobs since the start of the year.
Neptune Energy adopts new cloud based digital system for drilling and wells, aims to save $20m
Neptune Energy has announced plans to adopt new cloud based technologies in an effort to improve efficiency and significantly reduce non-productive time.
US tech entrepreneur urges industry leaders to ‘drive not delegate the digital transformation’
Silicon Valley businessman Tom Siebel urged business leaders to “drive not delegate the digital transformation”, in his keynote address to delegates at ENGenious Online.
OGUK Industry Insights webinar inspires next generation on route to net zero
More than 200 people joined OGUK’s Industry Insights webinar for young professionals today (Thursday, September 17) to hear how the sector is working to advance new technologies on the route to net zero.
Augean enhances decommissioning offering with acquisition of EcoCentre in Peterhead
Augean North Sea Services (ANSS) has bought the EcoCentre in Peterhead to enhance its ability to manage oilfield waste material.
Halliburton bringing cloud-based tech to offshore rigs in Thailand
Houston oil field service company Halliburton landed a contract to add cloud computing technology that will improve production at offshore rigs in Thailand.
Halliburton seeking serious buyers only in real-estate auction
Halliburton Co. has been slashing jobs and retiring fracking gear as low oil prices crushed its order book. Now it’s going one step further by selling the land its business rested on.
Halliburton to shut main Aberdeen office
US oilfield services giant Halliburton has confirmed it will close its main UK office in Aberdeen.
Halliburton loses £1.3billion in 2nd quarter
The coronavirus pandemic stung oilfield service company Halliburton with a $1.7 billion (£1.3bn) loss in the second quarter.
ReconAfrica sets out Kavango thinking
Canada’s ReconAfrica has produced a technical evaluation on the entire Kavango Basin, in Namibia and Botswana.
Oil firms urged to reach for those digital heights
Oil firms must seize the opportunity presented by the Covid-19 pandemic to grasp the nettle and embrace digital technology and data analysis, industry experts have said.
Redundant Halliburton worker sets up Aberdeenshire hand sanitiser business
An Aberdeen oil worker who was recently made redundant from Halliburton due to Covid-19 has now set up his own hand sanitiser business to help tackle the virus.
Halliburton lays off 1,000 workers at Houston headquarters
Houston oil field services company Halliburton has laid off 1,000 employees at its headquarters as low crude prices take their toll on demand for the products and services to company sells to energy producers.
UK oil firms ‘grappling’ between redundancies and furlough scheme
Oil and gas firms are “grappling” between putting workers on the government’s coronavirus furlough scheme or going straight to redundancies, according to experts.
Updated: Halliburton rejects furlough scheme as it plans scores of North Sea redundancies
An oilfield services firm has been heavily criticised for rejecting a coronavirus furlough scheme as it plans scores of North Sea redundancies.
The oil industry shed 51,000 US jobs in March
The oil and gas industry shed nearly 51,000 drilling and refining jobs in March, a 9% reduction that is likely to get worse as futures prices fell into negative territory Monday.
Halliburton falls to $1billion loss and ‘expects further decline’ due to Covid-19
Oilfield services giant Halliburton fell to a $1billion (£804.5m) net loss in the first quarter of the year, warning it “expects a further decline in revenue and profitability” as 2020 goes on.