Halliburton – Oil & Gas 360

Halliburton launches its second electric TRSV following success of industry’s first

February 18, 2025

(World Oil) – Halliburton today announced the launch of the new EcoStar® electric tubing-retrievable safety valve (eTRSV). This second-generation product builds on the success of the industry’s first electric TRSV, which won the OTC Spotlight on New Technology Award in 2017. With the new EcoStar eTRSV, Halliburton solved a three-decade industry challenge by eliminating hydraulic actuations from safety valve systems.

Halliburton secures major offshore drilling contract with Petrobras

January 31, 2025

(World Oil) – Halliburton announced a contract award from Petrobras for integrated drilling services across several offshore fields in Brazil, the result of a competitive process. The contract scope includes drilling services for development and exploration wells over a three-year period. In this contract, Halliburton will provide iCruise® intelligent rotary steerable system (RSS) to reduce well time and place wells accurately,

$Halliburton, Coterra launch first fully automated hydraulic fracturing program- oil and gas 360$

Halliburton, Coterra launch first fully automated hydraulic fracturing program

January 6, 2025

(World Oil) – Halliburton and Coterra Energy announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv® Auto Frac service, which is part of the ZEUS platform. This technology automates stage delivery execution with the push of a button. Coterra is the first operator to fully automate and control their hydraulic fracturing design and execution. The Octiv Auto

Halliburton launches Intelli portfolio of diagnostic well intervention services

December 3, 2024

(World Oil) – Halliburton has launched its Intelli suite of diagnostic well intervention wireline logging services. This suite of services is designed to facilitate customer collaboration, improve well insights to enable increased production, help extend asset life and reduce total cost of operations. “As customers look to maximize production and improve the efficiency of their wells, our Intelli suite helps improve

Halliburton opens new facilities in Namibia to strengthen oil and gas operations, economy

November 18, 2024

(World Oil) – Halliburton announced it will open new facilities in Namibia highlighting the importance of the country’s growing oil and gas industry. The facilities, which will support the company’s in-country operations, are located in Windhoek, Walvis Bay, Swakopmund and Lüderitz. With a combined footprint of 20,000 m², the facilities create a strong presence in the region. The Windhoek office will

$Weaker U.S. fracking drags Halliburton earnings below estimates- oil and gas 360$

Weaker U.S. fracking drags Halliburton earnings below estimates

November 7, 2024

(Oil Price) – Halliburton Company (NYSE: HAL) missed analyst estimates for its third-quarter earnings as weaker North American revenues combined with the impact of an August cyberattack and hurricanes in the U.S. Gulf of Mexico dragged profits down. Halliburton, one of the world’s top three oilfield services providers and leader in the U.S. fracking services market, reported on Thursday adjusted net income per

Halliburton announces new solution for oil recovery and sand control

November 1, 2024

(World Oil) – Halliburton has announced the addition of SandTrap® XL to its sand consolidation portfolio. This latest innovation addresses the industry’s challenge of excessive sand production with a low-viscosity resin system. Activated externally, it enables solids control over large intervals. SandTrap XL delivers consolidation strength to formation grains and preserves the original permeability of the rock. This new generation of sand

$Halliburton optimizes fracturing operations with new automated frac technology- oil and gas 360$

Halliburton optimizes fracturing operations with new automated frac technology

September 20, 2024

World Oil (WO) – Halliburton Company introduced the Octiv Auto Frac service, the latest addition to the Octiv Intelligent Fracturing Platform. The Octiv platform digitizes and automates workflows, information, and equipment across all aspects of the company’s fracture operations. This results in safer, more efficient operations for our customers and for Halliburton. The Octiv Auto Frac service improves operational consistency

Halliburton launches Clear electromechanical well intervention portfolio for completions operations

September 18, 2024

World Oil (WO) – On the first day of Gastech 2024, held this week in Houston, Texas, Halliburton Company introduced the Clear portfolio of electromechanical well intervention technologies and services. This portfolio addresses challenges related to high-angle deployment and includes surface readout telemetry for communication and precise control to deliver differentiated performance. The Clear portfolio includes: ClearTrac wireline tractor; ClearCut

Halliburton alerts oil clients after cybersecurity breach, activates response plan

August 26, 2024

World Oil (Bloomberg) — Halliburton Co., the world’s biggest provider of fracing services, said it’s alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems. The Houston oilfield contractor has activated its cybersecurity response plan that includes taking certain systems offline for protection as well as notifying law enforcement, it said in a

Ovintiv explores $2 billion Uinta basin business sale to focus on Permian shale operations

August 22, 2024

World Oil (Bloomberg) – Ovintiv Inc. is considering a possible sale of its operations in the Uinta basin, which could fetch as much as $2 billion, people with knowledge of the matter said. Denver-based Ovintiv is working with an adviser to gauge buyer interest in the asset, the people said, asking not to be identified discussing confidential information. Ovintiv’s operations

Oilfield services firms SLB, Halliburton post profit gains on international demand

July 19, 2024

U.S. News HOUSTON – Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global demand, but they warned of softer activity in North America for the second half of this year. Oilfield service providers have in recent quarters bet on growth overseas, particularly in the Middle East and Asia, as well as

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