Halliburton Warns of a Crisis in the Oil and Gas Industry of the United States of America
The stock prices of oilfield services companies in the United States of America have fallen by approximately 6 percent, according to Reuters. Many participants in the oilfield services sector believe they will not be able to generate profit from new drilling operations if the price of crude oil falls below …
Halliburton’s Net Profit Drops Nearly Threefold in Q1
Halliburton Reports Nearly Threefold Drop in Q1 Net Profit U.S. oilfield services company Halliburton Co. saw its net profit fall nearly threefold in the first quarter of 2025, although its revenue exceeded analysts’ expectations. According to the company’s press release, net income for January–March totaled $204 million, down from $606 …
The Largest Oilfield Services Company in the United States Has Been Subjected to a Cyber Attack
The largest oilfield services company in the United States, Halliburton, has been subjected to a cyberattack, its employees are trying to fix the problem, Reuters reports. A representative of the company told the agency that Halliburton is aware of the problem affecting certain systems of the company, is working to …
Equinor Lets Contracts for Raia Drilling Offshore Brazil
Norwegian energy company Equinor (35%, operator), on behalf of its partners Repsol Sinopec Brasil (35%) and Petrobras (30%), has won a drilling contract with Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil Petróleo e Gás LTDA, for the Raia project in Brazil. Drilling at Raia is scheduled …
Halliburton Increased Net Profit by 16% in the Second Quarter
American oilfield services company Halliburton Co. increased net profit by 16.2% in the second quarter, which was in line with analysts’ expectations, while revenue grew by only 0.6% and did not meet the forecast. According to the company’s press release, its net profit in April-June amounted to $709 million, or …
American Oilfield Services Company Turns Its Gaze to the Middle East
On the eve, the American drilling rig manufacturer Helmerich & Payne announced plans to acquire British competitor KCA Deutag International Ltd., which has enough projects in the Middle East. Helmerich & Payne is not one of the “big four” oilfield services companies, for it the acquisition of a company for …
Halliburton’s Sensori™ Service Simplifies Big Data for Automated Subsurface Fracture Monitoring
Halliburton today introduced the Sensori™ fracture monitoring service, a cost-effective fracture monitoring solution for automated, continuous measurement and visualization of the subsurface. The Sensori service combines non-intrusive technologies, automated data acquisition and processing, and real-time subsurface answers into a single solution to empower operators with visibility and control over fracture …
The United States Extended the License for the Big Four Oilfield Services to Provide Some Services in Venezuela
The Office of Foreign Assets Control (OFAC) has extended until November 15, 2024 the license for Schlumberger, Halliburton, Baker Hughes and Weatherford to provide some oilfield services in Venezuela, the department said in a statement. The document allows these companies, as well as their subsidiaries, to conduct transactions in the …
Halliburton Launches Innovative Lost Circulation Cementing Solution
Today, Halliburton Company added the SentinelCem™ Pro cement system to its lost circulation solutions portfolio. The single-sack packaging enables proactive storage in offshore and remote locations. SentinelCem Pro cement, built upon its predecessor, simplifies mixing operations as it eliminates the need for pre-hydration of the slurry design and access to …
Halliburton Reduced Net Profit in the First Quarter by 7%
American oilfield services company Halliburton Co. reduced net profit in the first quarter by 7%, although revenue grew by 2%. As stated in the company’s press release, its net profit in January-March amounted to $606 million compared to $651 million for the same period the previous year. Earnings per share …