Halliburton – Page 3 – Oil & Gas 360

Halliburton announces fourth quarter 2022 results and increases dividend

January 24, 2023

Oil and Gas 360 HOUSTON–(BUSINESS WIRE)–Jan. 24, 2023– Halliburton Company (NYSE: HAL) announced today net income of $656 million, or $0.72 per diluted share, for the fourth quarter of 2022. This compares to net income for the third quarter of 2022 of $544 million, or $0.60 per diluted share. Halliburton’s total revenue for the fourth quarter of 2022 was $5.6 billion compared to total revenue of $5.4 billion in the third

Halliburton: The era of exponential growth in U.S. oil and gas is over

November 2, 2022

Oil Price The era of “exponential” growth in the U.S. oil and gas industry is over as most shale firms are returning cash to investors instead of going into debt to drill more, according to Halliburton, the world’s largest fracking services provider. “We’ll see growing investment, but quite frankly, nothing even close to what we saw from 2008 to

Haliburton sees net income more than double year-over-year

October 25, 2022

Oil Price Halliburton Company (NYSE: HAL), the world’s largest provider of fracking services, reported on Tuesday that adjusted net income for the third quarter more than doubled from the same period last year and expects drilling activity to continue rising in all markets. Halliburton booked a net income of $544 million, or $0.60 per diluted share, for the third quarter of

Iraq may make decision on Halliburton gas deal in May

April 18, 2022

World Oil (Bloomberg) — Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media. An agreement with Halliburton would enable the oil ministry to get clear data on the production capacity of the Akkas field and it may reach a decision

Halliburton introduces StrataStar real-time multilayer visualization while drilling

April 12, 2022

World Oil Halliburton Company today introduced StrataStar™, a deep azimuthal resistivity service that provides multilayer visualization to maximize well contact with the reservoir and improve real-time reserves evaluation. The StrataStar service is the latest addition to Halliburton’s iStar™ intelligent drilling and logging platform, which combines deep subsurface insights with artificial intelligence for improved drilling performance and consistent well delivery. For more decisive

$Halliburton sees frac equipment orders double as shale rebounds- oil and gas 360$

Halliburton sees frac equipment orders double as shale rebounds

January 25, 2022

World Oil HOUSTON (Bloomberg) –Shale-oil companies are using almost all of the frac equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply-chain disruptions across the industry. North American oil drillers appear likely to expand spending by more than 25% this year while overseas explorers are on course for a more modest increase in the

Halliburton doubles quarterly profit, boosts dividend as oil rebounds

January 24, 2022

Reuters BENGALURU (Jan 24): Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield service company to lift its dividend following a rebound in crude and natural gas prices. US oil prices rose more than 50% last year and have made a strong start to 2022, hovering around US$85

Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister

December 13, 2021

World Oil (Bloomberg) –Halliburton Co. and Exxon Mobil Corp. are in talks over the latter’s attempt to sell a stake in the huge West Qurna-1 oil field in southern Iraq, according to the country’s energy minister. Iraq wants a U.S. partner for Exxon’s stake, Oil Minister Ihsan Abdul Jabbar told reporters in Baghdad. If the talks with Halliburton fail, Iraq

WPC 2021: Halliburton sees a future of oil scarcity as spending falls

December 7, 2021

World Oil HOUSTON (Bloomberg) –Halliburton Co., the oil industry’s largest frac services provider, warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014. “For the first time in a long time, we’ll see a buyer looking for a barrel of oil as opposed

Halliburton releases DS365.ai intelligent automation service

November 4, 2021

World Oil HOUSTON – Halliburton Company released DS365.ai cloud service to help customers accelerate their digital transformation with intelligent automation. DS365.ai delivers industry specific artificial intelligence (AI) and machine learning (ML) models to enhance productivity, operational efficiency, and increase asset value. DS365.ai runs on the OSDU™ Data Platform and uses the interoperable and scalable architecture of iEnergy® Cloud. This allows

Halliburton posts Q3 profit as drilling rebounds, eyes jump in customer spending

October 19, 2021

Reuters U.S. oilfield firm Halliburton Co on Tuesday posted its third consecutive quarterly profit and said customer spending in the United States could jump 20% next year, as stronger oil prices and drilling activity boost demand for services and equipment. Oil prices have rallied to multi-year highs with global crude futures climbing 4.5% in the quarter ended Sept. 30, helped

Halliburton introduces iStar Intelligent Drilling and Logging Platform

October 13, 2021

World Oil HOUSTON – Halliburton Company released the iStar Intelligent Drilling and Logging Platform, a comprehensive measurement platform comprising multiple services for greater control of drilling and logging operations. The platform’s digital architecture supports automation, machine learning, and artificial intelligence for reservoir evaluation, faster drilling, and consistent well delivery. The iStar platform acquires high-definition measurements closer to the bit and

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