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Baker Hughes Beats Profit Estimates

Jan 23, 2024

U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.The company…

Halliburton Profit Beats on International Strength

Jan 23, 2024

Halliburton's fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities boosted demand for oilfield services and equipment.With a better economic environment and acerages internationally…

Halliburton, Oil States Partner Up to Provide Deepwater Managed Pressure Drilling Solutions

Nov 06, 2023

Oilfield services players Halliburton and Oil States Industries have entered into a strategic collaboration that combines their technologies to provide deepwater managed pressure drilling (MPD) solutions.According to Halliburton, MPD provides…

Halliburton Profit Jumps 32% on Higher Global Drilling Demand

Oct 24, 2023

Halliburton reported a 32% rise in third-quarter profit on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America.Oil and gas companies, who rely on service providers for drilling, well construction…

Halliburton, Baker Hughes Beat Profit Estimates as International Demand Offsets Weak N. America

Jul 19, 2023

Halliburton Co and Baker Hughes beat analysts' estimates for second-quarter profit on Wednesday on the back of strong demand for oilfield services internationally, even as domestic activity stumbled. While oilfield drilling has seen a resurgence abroad…

Oilfield Service Providers to Get Lift from International, Offshore Demand

Jul 18, 2023

The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…

Vår Energi, Halliburton in Drilling Services Partnership

Jun 08, 2023

Norwegian offshore oil and gas producer Vår Energi said Friday it had entered a long-term strategic partnership with the U.S. oilfield services company Halliburton for drilling services to improve drilling and well performance and enhance value creation…

Halliburton Launches Diskos 2.0 NDR for Norwegian Petroleum Directorate

May 31, 2023

Oilfield services company Halliburton has launched the Diskos 2.0 National Data Repository (NDR) for the Norwegian Petroleum Directorate. According to Halliburton, Diskos 2.0 stores critical exploration and production data and is vital to drive investments in Norway’s oil and gas industry…

Halliburton Posts Higher Quarterly Profit on Strong Oilfield Services Demand

Apr 25, 2023

Halliburton Co reported a higher first-quarter profit on Tuesday, wrapping up upbeat earnings from the world's top oilfield services providers as higher oil prices encouraged drilling activity and boosted demand for services and equipment. Global…

Society of Petroleum Engineers Appoints Simon Seaton as new CEO

Apr 24, 2023

The Society of Petroleum Engineers (SPE) said Monday that Simon Seaton had been hired as Chief Executive Officer. 'In the CEO role, Seaton will work with the  Board of Directors on the short- and long-term development and growth of SPE as the…

Halliburton Completes Offshore Wireline Service Work for Croatian INA

Mar 16, 2023

U.S. oilfield services firm Halliburton said Thursday it had recently provided offshore wireline services for Croatian INA Group in the Adriatic Sea. According to Halliburton, the wireline team completed logging operations on four wells, including 17 successful combined runs without any health…

Halliburton Tops Wall St. Quarterly Profit Estimates

Jan 24, 2023

U.S. oilfield services firm Halliburton Co  on Tuesday topped Wall Street profit estimates for its fourth quarter and said its shale oil-well fracking equipment remains fully booked with oil prices driving increased drilling. The largest provider…

SLB Wins Russia Business as Oilfield Rivals Exit after Ukraine Invasion

Jan 19, 2023

Following Moscow's invasion of Ukraine, world's largest oilfield firm SLB has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, according to company documents and people familiar with its operations…

Aker BP in Drilling, Well Alliances with Noble Corp, Odfjell Drilling, Halliburton

Jan 12, 2023

The Norwegian oil and gas company Aker BP said Thursday it had entered into drilling and wells alliance agreements with offshore drilling firms Noble Corporation, Odfjell Drilling, and oilfield services giant Halliburton. The jack-up rig alliance comprises Noble…

Well Operations: Halliburton In 'Industry's First' Offshore Brazil

Dec 02, 2022

Oilfield services giant Halliburton said this week it had successfully installed 'the industry's first' single trip, electro-hydraulic wet connect in deepwater for Petrobras in Brazil - a feat the company describes as a significant achievement in downhole electric completion technology…

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