Halliburton Co beat Wall Street estimates for quarterly profit on Tuesday, as higher demand for its oilfield services in international markets offset a slowdown in North America.Clients in North America, Halliburton's biggest market by revenue…
Oilfield services provider Halliburton announced that its board of directors has appointed president and chief executive officer Jeff Miller as chairman of the board, effective January 1, 2019, following the retirement of executive chairman Dave Lesar on December 31…
Halliburton Company said that Lance Loeffler, previously vice president of Investor Relations, has been promoted to Chief Financial Officer.Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting…
Halliburton has released the Geometrix 4D shaped cutters, a line of four distinct geometric profiles to help improve cutting efficiency and increase control to reduce drilling costs. “The launch of Geometrix cutters demonstrates our…
Norwegian oil firm Aker BP (Aker BP) has agreed two drilling and well alliance agreements for its assets in the Norwegian sector. One is with Maersk Drilling and Halliburton for use of jackups, and one is with Odfjell Drilling and Halliburton for semisubmersibles…
Halliburton announced today (9 November) that it worked with the Akwa Ibom state government to inaugurate and open Nigeria’s first oil and gas training center fully-equipped with oilfield operations tools. The Akwa Ibom Oil and Gas Training…
Oilfield services provider Halliburton announced today (25 October) the release of the Marine Sentry 3000, a rotating control device that provides a pressure control solution by creating a seal around the drill string and tool joints for…
Houston-based oilfield services provider Halliburton has selected its current president, Jeff Miller, to succeed CEO Dave Lesar, effective 1 June 2017. Miller will serve as both president and CEO. Image of Miller…
Oil services giant Halliburton and Brazil’s Petrobras have signed a technology cooperation agreement that will advance collaboration in a diverse set of projects targeting complex reservoirs such as deepwater pre-salt and mature fields, offshore Brazil…
Halliburton announced Mark McCollum will resume his role as executive vice president and chief financial officer effective immediately. McCollum will continue reporting to Dave Lesar, chairman and CEO of Halliburton, and will remain a member of the company’s executive committee…
Baker Hughes says it expects to make some US$500 million annual savings by the end of 2016, as part of measures it is taking following the collapse of its proposed $34.6 billion merger with Halliburton. The initial phase of the cost reduction…
Halliburton and Baker Hughes have terminated their proposed US$34.6 billion merger, both companies announced late Sunday, 1 May 2016. According to the terms of the merger proposal, Baker Hughes will receive $3.5 billion for the termination of the agreement…
Amec Foster Wheeler has appointed Halliburton's senior vice president, Dr. Jonathan (Jon) Lewis, as its new chief executive officer, with effect from 1 June 2016. On the same day Ian McHoul will cease to be interim CEO, and will remain as CFO…
Halliburton has cut more than 6000 positions during Q1 2016, bringing its workforce down by one-third since late-2014, in addition to a decreased revenue of 40% during the period. Image from Halliburton…
The US Department of Justice (DOJ) is taking action and suing to block Halliburton’s US$34.6 billion takeover of Baker Hughes, claiming that the merger threatens to eliminate competition, raise prices and reduce innovation in the oilfield services industry…
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