Saudi Aramco has signed 17 memoranda of understanding and agreements with U.S. companies, with a potential total value exceeding $30 billion, expanding its network of partnerships in sectors ranging from LNG and advanced materials to financial services.The new deals add to 34 MoUs and agreements unveiled in May 2025 that carried a potential value of about $90 billion. Taken together, Aramco’s announced collaboration pipeline with U…
Halliburton, in collaboration with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team, has delivered a groundbreaking step forward in digital well construction to achieve the industry’s first fully automated geological well placement with complete rig automation in offshore Guyana…
Halliburton has launched the RangeStar Geothermal Well Spacing and Intercept Service, a magnetic ranging solution designed to improve speed, accuracy and automation in geothermal well development.The new service, part of Halliburton’s RangeStar magnetic ranging portfolio…
Norwegian oil and gas firm Aker BP has started oil production from the Solveig Phase 2 development in the North Sea.The project has been delivered on schedule and within budget, adding approximately 39 million barrels of oil equivalent in recoverable resources to the Solveig field…
SLB beat Wall Street estimates for fourth-quarter profit on Friday, as the world's top oilfield services provider benefited from the ChampionX acquisition and unveiled plans to return $4 billion to shareholders this year.The company closed the $7…
Halliburton surpassed Wall Street expectations for fourth-quarter profit on Wednesday, on the back of steady demand for its services and equipment in international markets.Shares of the company rose nearly 2% in premarket trading.Offshore exploration…
U.S. oilfield services provider Halliburton has introduced the HyperSteer MX directional drill bit, a shankless matrix-body bit designed to improve durability, enhance directional control, and reduce well construction time.The new bit delivers longer drilling runs…
Halliburton has secured an integrated drilling and completion services contract for the HI gas field development in OML 144 offshore Nigeria by Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies…
U.S. oilfield services provider Halliburton has secured multiple contracts from Petrobras to provide completion and stimulation services for its deepwater fields offshore Brazil.The contracts entail vessel stimulation, intelligent completions…
Halliburton has launched the Turing electro-hydraulic control system, the next generation of SmartWell intelligent completions technology, designed to improve reservoir recovery and reduce well count.The Turing electro-hydraulic control system…
U.S. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction in the U.S. oil industry as it faces rising costs and a period of lower prices and volatility…
ConocoPhillips Skandinavia has awarded Halliburton a contract to deliver comprehensive well stimulation services to improve well performance and reservoir productivity.The contract spans five years and includes three optional extension periods…
OMV Petrom and NewMed Energy, the partners in Han Asparuh block in the Black Sea, have hired Noble Corporation’s Globetrotter I ultra-deepwater drillship to drill two exploration wells offshore Bulgaria.The two wells will be drilled on the Han-Asparuh Block…
Offshore drilling contractor Northern Ocean has signed a contract with a subsidiary of Rhino Resources for the DeepSea Mira semi-submersible drilling rig, which has been hired for operations off Namibia, starting mid-July 2025.The contract includes one firm well for Rhino…
Repsol Resources UK has hired Halliburton under a five-year contract to support the full well lifecycle on its oil and gas assets in the U.K. North Sea.Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments…
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