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.
A six-month project in Angola could help in the progression of marginal North Sea fields, according to an Aberdeen-headquartered floating production firm.
Houston-headquartered energy service firm Halliburton has been handed a contract by Petrobras for pre-salt development in the Santos Basin, offshore Brazil.
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.
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
After several years in the doldrums, oilfield service companies are beginning to raise prices for their products and services, according to Rystad Energy.
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 prices for hydraulic fracturing services in North America continue to sting Houston-based Halliburton, the second largest oilfield service company in the world.
Halliburton has inked an integrated services contract with Shell for post-salt development and pre-salt exploration in Brazil's Campos and Santos Basins.
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.
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.
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.
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.
The board at US oilfield services firm Halliburton has appointed president and chief executive Jeff Miller as its chairman.
Energy services firm Halliburton has won a contract for work on the giant Zubair Oil Field in Southern Iraq.
A cash injection at a north-east precision engineering firm is expected to spark a recruitment drive over next few years.
Halliburton has appointed a new chief financial officer after Chris Weber left the company "to pursue other opportunities".
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 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.
Aberdeen-based Well-Centric has today announced the opening of a new oil and gas equipment rental division.
Rack up one more thing robots can be used for: Fracking for oil.
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 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.
Oilfield services firm Halliburton Manufacturing and Services has posted a pre-tax loss of £12.3 million for the year ending 2017.
Some Halliburton Co. supervisors and co-workers harassed two Muslim employees, according to a lawsuit filed against the world’s biggest fracking provider by the U.S. Equal Employment Opportunity Commission.