Halliburton

Technology increases drilling efficiency and maximizes bit stability by optimizing cutter placement Halliburton Company today introduced Crush & Shear™ Hybrid Drill Bit, a new technology that combines the efficiency of traditional polycrystalline diamond compact (PDC) cutters with the torque-reducing capabilities of rolling elements to increase drilling efficiency and maximize bit …

First technology to connect wellsite services and the drilling rig to increase efficiency and safety during well construction operations Halliburton Company today introduced Digital Well Operations, a DecisionSpace® 365 cloud solution. Digital Well Operations is the industry’s first open and integrated well operations software that seamlessly connects the entire value …

Halliburton Company today introduced Cerebro Force™ in-bit sensors, a first-of-its-kind technology that captures weight, torque and bending measurements directly from the bit to improve understanding of downhole environments, optimize bit design and increase drilling efficiency. Built on Halliburton’s successful in-bit vibration sensing platform, Cerebro Force utilizes downhole data to reduce …

Halliburton, Microsoft Corp. and Accenture today announced they have entered into a five-year strategic agreement to advance Halliburton’s digital capabilities in Microsoft Azure. Under the agreement, Halliburton will complete its move to cloud-based digital platforms and strengthen its customer offerings by: • Enhancing real-time platforms for expanded remote operations, • …

Reported net loss of $1.91 per diluted share • Adjusted net income of $0.05 per diluted share, excluding impairments and other charges • Cash flow from operating activities of $598 million and free cash flow of $456 million Halliburton Company announced today a net loss of $1.7 billion, or $1.91 …

Halliburton Company  today introduces DynaTrac™ Real-Time Wireless Depth Correlation System, a new technology that reduces uncertainty and saves rig-time by enabling operators to accurately position packers, perforating guns and the bottom-hole assembly (BHA) without running wireline or moving the work string. The DynaTrac system takes static measurements to determine the …

In light of the consequences of COVID-19 and global market volatility, the 23rd World Petroleum Congress has been postponed to December 5-9 2021, it was announced today by WPC President Tor Fjaeran and the Organizing Committee Chairman, Jeff Shellebarger. The decision from the World Petroleum Council Executive Committee and 23rd …

Successful plug performance marks first-ever use of intercept RBP in Azerbaijan and for this operator Challenges – This was a critical well for the customer.  The first branch that  was drilled is currently the longest well in the Caspian Sea, with a total depth of 7,411m.  The second branch, drilled …

Halliburton Company today released NitroForce™, a new drilling motor that provides increased power and performance to complete longer laterals faster and with greater control. The motor delivers high reliability helping operators reduce potential motor failure and increase drilling speed to save well time and costs. “As operators focus on greater …

SOCAR AQS and Halliburton have announced the signing of a memo. The document marks an agreement between the companies to create a new joint venture that will provide a broad range of materials and services for the oil industry in Azerbaijan. “By uniting our unique knowledge, experience, and infrastructure in …