US oilfield services giant Halliburton’s product services lines in the North Sea helped the firm to get its books back in black.
The Houston headquartered firm saw total revenue worldwide increase to $5.4billion (£4.1billion) in the third quarter of 2017.
This was an increase from the £2.9billion the company reported in the same period last year.
Income before tax amounted to £376million, up from a loss of £39million last third quarter.
North American markets provided the majority of the increase in topline revenue, accounting for £2.4billion of the £4.1billion headline figure.
However Europe/Africa/ Commonwealth of Independent States revenue in the third quarter of 2017 was $722 million, a 6% increase since Q2.
Halliburton said this was primarily due to improved utilization in the majority of our product services lines in the North Sea and improved drilling and well completion services in Russia and Nigeria.
These results were partially offset by reduced activity in Angola.
Jeff Miller, president and chief executive, called it a “strong quarter”.
He added: “Our North American business is hitting on all cylinders and our international business proved resilient in a challenging environment.
“These results demonstrate why Halliburton is the execution company.
“Outside North America, our conservative outlook for the last several quarters is proving accurate.
“Our international organization has shown impressive control over their costs and their commitment to making the toughest of markets sustainable.”
Halliburton employs more than 50,000 people around the world and works in around 70 countries.
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