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.
The chief executive of Halliburton has touted the Houston energy sector’s rebound from the recent oil bust and the brightening outlook for the industry, predicting that the world will continue to rely on oil and gas for many decades to come.
Equinor said today that it was dishing out new contracts worth £2.7 billion for drilling and well services on many of its fields in Norway.
Saudi Arabia will partner with Houston-based Halliburton as it hopes to unlock a natural gas revolution similar to the shale boom that began in the U.S. more than a decade ago.
Before his departure in January, John Watson steered Chevron through a painful oil-market crash, maneuvered billions to turn the fertile Permian Basin into an oil-pumping machine, and drove stock-market returns three times higher than its larger rival Exxon Mobil as oil prices climbed up from rock bottom.
Halliburton Co. swung to a profit in the first quarter as rising crude prices bolstered demand for hydraulic fracturing equipment and other oil field technology, though executives noted the impact of supply line constraints.
Tendeka has hired a new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.
Aker Solutions has announced the appointment of its new Aberdeen-based UK country manager.
Houston's Baker Hughes energy services company took in $5.8 billion in fourth-quarter revenues but posted a $29 million loss as it continues to integrate its merger with General Electric's oil and gas business.
US oil service firm Halliburton said an upturn in drilling activity in the North Sea boosted its financial performance last year.
If you consider how much oil the world holds, Aberdeen is a microcosm by comparison.
Aker BP has entered into two separate drilling and well pacts.
As pessimism over oil dissipates and investors flirt with $50 a barrel again, short-sellers are getting out of the way.
Houston-based Halliburton said Thursday it agreed to pay a $29.2 million penalty to settle a bribery case in Angola and another investigation in Iraq.
Halliburton expects that the worst crude crash in a generation will lead to a spike in oil prices by 2020.
Halliburton has hired about 100 new workers each month this year to keep up with surging demand for fracking in West Texas, a sharp turnaround after the job-killing oil bust.
Oilfield services company Halliburton has completed the acquisition of electric submersible pump technology firm Summit ESP.
American oil field services provider Halliburton has appointed Christopher Weber as executive vice president and chief financial officer.
Halliburton, Oil Spill Response Ltd (OSRL) and Trendsetter Engineering have signed a Memorandum of Understanding (MoU) for integrated subsea well-capping response solutions.
Oilfield service giant Halliburton's new incoming chief executive claims North America is the firm's "growth story today".
Halliburton has confirmed Jeff Miller will replace Dave Lesar as the company's chief executive.