Halliburton posts highest quarterly revenue in over a decade
Halliburton has posted its highest quarterly earnings in over a decade after bringing in total revenues of $5.8 billion (£4.6bn) in the first quarter of 2024.
Halliburton
Aramco cut hits service companies where it hurts
Aramco’s move to cut investments was, Baker Hughes' Simonelli said, a “temporary aspect”.
Big Three: SLB, Halliburton and Baker Hughes post bumper oilfield services profits
Oilfield services giants Halliburton, SLB and Baker Hughes have posted bumper profits in their respective full-year results, with international demand playing a key role.
Adnoc targets EV battery reuse to power drilling
“The compact nature of the system will allow for convenient deployment to remote locations, helping Adnoc to cut emissions from its off-grid production activities,” said Power I.D.’s founder Naser Abu Daqqa.
Halliburton equipment imported to Russia despite sanctions
Russia imported millions of pounds of Halliburton equipment last year despite sanctions, according to a report by The Guardian.
Former Halliburton Aberdeen base marketed for new occupiers
The office was recently featured as the Nintendo HQ in the movie 'Tetris'.
Halliburton awarded completions work for HyNet CCS project
The global services giant will provide equipment and support for the carbon sequestration scheme in Liverpool Bay, northwest England.
Oilfield service capacity to stay ‘tight’, says Halliburton CEO as group earnings swell
Halliburton (NYSE: HAL) is warning that oilfield services are likely to be tight for the foreseeable as companies scramble to up production.
Scottish CCS cluster could bring $1bn of North Sea wells work
A consulting arm of Halliburton has estimated that developments linked to Scottish CCS could amount to drilling work worth around $1bn.
Halliburton aims to pay out half of free cash flow to investors
Halliburton (NYSE: HAL) plans to return half its annual free cash flow to shareholders as the world’s biggest provider of fracking services follows its oil-and-gas clients in giving more profits back to investors.
Aker BP signs new five-year deals for rigs and wells
Aker BP has signed new ‘alliance’ 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 – Altus takeover could see ‘worse deal’ for UK oil and gas: watchdog
Baker Hughes' (NASDAQ: BKR) takeover of Altus Intervention could lead to “higher prices, reduced choice and lower quality services” in the UK oil and gas sector, competition authorities have warned.
Adnoc dishes out $4bn in drill fluids contracts to three winners
Adnoc has awarded three drilling fluids contracts, worth $4 billion, to Adnoc Drilling, SLB and Halliburton.
Adnoc hands out framework drill deals to Schlumberger, others
Adnoc has dished out five framework agreements for directional drilling and logging while drilling (LWD), worth $1.83 billion.
Halliburton takes $366m impairments on Russia invasion of Ukraine
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 extends drilling contracts worth £1.2bn with Baker Hughes, Halliburton and Schlumberger
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 makes changes to top brass
Energy services giant Halliburton (NYSE: HAL) has announced two leadership changes as part of its robust succession management process.
Halliburton says it must end some contracts in Russia by May 15 on sanctions
Halliburton said that sanctions imposed by the US, the EU and other nations require the company to wind down certain contracts in Russia by May 15.
Halliburton takes $22m hit on Ukraine writedown
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 eyes decision in May on Halliburton gas deal
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.
KCA Deutag suspends new investments in Russia
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 world’s biggest oilfield contractors are quitting future Russia work
The world’s three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putin’s invasion of Ukraine, announcing their decisions separately and within 24 hours of each other.
Schlumberger, Halliburton and Weatherford among winners of $2bn ADNOC contracts
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 reports 2021 profits of £889m, forecasts ‘multi-year upcycle’
US oilfield services giant Halliburton is back in the black after a “solid execution” of its strategy in the last year.
Halliburton denies vying for Exxon’s stake in Iraq field
Halliburton denied a claim by Iraq’s oil minister that it’s 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.