Halliburton Company Company News
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Halliburton Posts International Revenue Growth, Unlike Schlumberger
Monday, October 23, 2017 Worldwide revenues rose for Halliburton in the third quarter, contrasting with larger rival Schlumberger.
Halliburton CEO Defends Fracking Business as Margins Disappoint
Monday, October 23, 2017 Fracking isn't looking so great for the world's biggest fracker, but the CEO of Halliburton says he can pull some levers to improve profits.
Venezuela's IOUs Pile Up, Keeping US Oil Servicers in Tow
Wednesday, August 23, 2017 For Schlumberger and Halliburton the road to payment for services in Venezuela is increasingly long and winding.
Gadfly: Halliburton And Microsoft Do Not Compute For OPEC
Tuesday, August 22, 2017 Technology is rewriting the energy industry's dictionary.
Oilfield Rush to High-Tech Helps Smaller Companies Thrive
Thursday, July 27, 2017 A wave of next-generation upstarts is hitting America's oil patch, offering high-tech solutions aimed at an industry in flux following the worst crude-market crash in a generation.
Halliburton To Pay $29.2MM To Settle US Charges Tied To Angola
Thursday, July 27, 2017 Halliburton Co will pay $29.2 million to settle civil charges.
Halliburton Sees N. America Rig Count Flattening, Shares Down
Monday, July 24, 2017 Halliburton reported impressive second quarter results but warned the growth in North American rig count was "showing signs of plateauing."
Halliburton's Incoming CEO Sees Price Hike Above 10%
Thursday, May 18, 2017 Halliburton expects to raise prices more than 10% this year.
Halliburton CEO To Retire Next Month, Be Replaced By Jeff Miller
Wednesday, May 17, 2017 Halliburton says that Chief Executive Officer Dave Lesar will retire on June 1.
Halliburton Warns Of First-Quarter Profit Miss As Costs Rise
Friday, March 24, 2017 Halliburton warns that its first-quarter profit would likely miss analysts' expectations.
Halliburton Asks Workers From Banned Countries Not To Travel To US
Tuesday, January 31, 2017 Halliburton has advised workers from the countries named in President Trump's immigration ban not to travel to the US, according to an email from a spokeswoman.
Shale Frackers' Weak Sales Leave Investors Asking What Growth?
Wednesday, January 25, 2017 Reporting a profit might not be enough for Baker Hughes, after its two larger rivals failed to impress investors with anemic sales growth.
Halliburton Says N. America Revenue Growth May Beat Rig Count Rise
Monday, January 23, 2017 Halliburton warns of weakness in markets outside of North America, echoing comments made by larger rival Schlumberger last week.
WellAware, Halliburton Partner to Distribute WellAware IoT Solution
Friday, December 09, 2016 WellAware and Halliburton will partner to distribute WellAware’s oilfield monitoring technology.
Halliburton, US Silica Set North America Record
Monday, October 17, 2016 Responding to greater demand for frac sand, Halliburton and US Silica move a record breaking unit train with almost 19,000 tons across the nation.
More Than 350 Oil Service Workers Laid Off in Norway Due to Strike
Wednesday, September 28, 2016 More than 350 oil service workers have been laid off in Norway as a result of strike action which was implemented September 21.
Norway Services Strike Affects Schlumberger, Baker Hughes, Halliburton
Wednesday, September 21, 2016 More than 300 oil service employees, all Industri Energi union members, went on strike Wednesday after wage talks broke down with the Norwegian Oil Industry Association.
Oil Servicers Looking For Output Boost In Venezuela, PDVSA Says
Tuesday, September 20, 2016 The world's largest oilfield services providers are making plans to help boost output in Venezuela, according to the president of the country's state-run oil company.
BP To Schlumberger In 'Barroom Brawl' As Oil Drillers Slash Cost
Thursday, August 18, 2016 "Price negotiations have been a barroom brawl," Jeff Miller, Halliburton president, says. "But we believe prices will recover."
One Nook Of America's Shale Industry Is Eyeing A Big Comeback
Thursday, August 04, 2016 Amid the gloom and doom that's set in all along America's shale fields these past two years, there has been one small, but consistent, bright spot.
Schlumberger Joins Halliburton in Calling Bottom of Oil Downturn
Friday, July 22, 2016 The world's two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash.
Schlumberger Sees Oil Supply Deficit if Demand Growth Holds
Friday, July 22, 2016 Schlumberger, the world's No. 1 oilfield services provider, says it expects a "significant global supply deficit" of crude oil, given the sharp decline in spending on exploration and production.
Halliburton Posts Loss Hurt by Baker Hughes Deal Termination Fee
Wednesday, July 20, 2016 The world's number two oilfield services firm, Halliburton, posts a quarterly loss due to the $3.5-billion fee it paid for terminating a deal to buy rival Baker Hughes.
Halliburton Expects Modest Uptick in N. America Rig Count
Wednesday, July 20, 2016 Halliburton reports a smaller-than-expected quarterly loss and says it expects to see a "modest uptick" in North American rig count in the second half of the year.
ValueAct Pays $11M to Settle US Stock Purchase Probe
Tuesday, July 12, 2016 ValueAct Capital, which manages some $16 billion in assets, agrees to pay $11 million to settle allegations that it bought large amounts of stock without notifying US authorities, the Justice Department says.
Venezuela's Oil Output Decline Accelerates as Drillers Go Unpaid
Tuesday, June 28, 2016 Venezuela's oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments.
Venezuela Says Oil At $50 Enough To Avoid PDVSA Default
Friday, June 17, 2016 Crude prices around $50 a barrel are enough for Venezuela's state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino says in an interview.
Norway Strike Threat Increases as Parties Fail to Find Agreement
Wednesday, June 08, 2016 The threat of strike action among 6,000 oil service worker employees in Norway increases as unions and energy company representatives fail to settle wage disputes.
Halliburton Secures Maria Project Service Contract from Wintershall
Thursday, May 12, 2016 Wintershall Norge AS has awarded a 4-year service contract to Halliburton Norge AS to support its Maria Project in the Norwegian Sea.
Halliburton Joins Schlumberger in Cutting Venezuelan Activity
Friday, May 06, 2016 Halliburton has joined rival Schlumberger in curbing activity in Venezuela due to lack of payment during the oil industry’s worst financial crisis.
GE Sees Oil, Software M&A Opportunities as Boston Move Nears
Friday, May 06, 2016 General Electric is hunting for acquisitions in the beleaguered oil and gas industry after missing an opportunity to buy assets when the merger between Halliburton and Baker Hughes was scuttled.
Halliburton Aims to Boost Weak Businesses after Failed Baker Hughes Deal
Tuesday, May 03, 2016 Halliburton says it will consider acquisitions to bolster its weaker businesses as the oilfield services company looks to move on after a deal to buy smaller rival Baker Hughes fell through.
Baker Hughes to Buy Back Stock, Debt After Halliburton Deal Fails
Monday, May 02, 2016 Baker Hughes said it planned to buy back $1.5 billion of shares and $1 billion of debt, using the breakup fee it will receive following the collapse of its proposed buyout by fellow oilfield services provider Halliburton.
'Unfixable' Halliburton Bid Felled by Global Scrutiny
Monday, May 02, 2016 Halliburton's "unfixable" plan to merge with Baker Hughes finally collapsed under the weight of worldwide antitrust opposition.
EC225LP Helicopters Grounded in UK, Norway after 13 Killed in Crash
Saturday, April 30, 2016 UK Civil Aviation Authority joins Norway in banning EC225LP helicopter flights, as Statoil confirms that employees from Halliburton, Aker Solutions, Schlumberger, Welltec and Karsten Moholt were on the flight.
Top Oil Service Firms Mull North America Retreat As Losses Mount
Thursday, April 28, 2016 Two of the three largest oil rig operators and frackers are considering pulling back from the North American market as losses mount.
Amec Foster Wheeler Appoints Halliburton Executive As CEO
Wednesday, April 27, 2016 Amec Foster Wheeler appoints Halliburton executive Jonathan Lewis as chief executive, replacing long-serving CEO Samir Brikho who left unexpectedly in January.
Halliburton Says It Cut 6,000 Jobs In 1Q, Delays Earnings Call
Friday, April 22, 2016 Halliburton says it cut more than 6,000 jobs in the 1Q, during which revenue slumped 40.4% and it took a $2.1B restructuring charge mainly for asset write-offs and severance costs.
Halliburton Is Said to Face EU Objections to Baker Hughes Deal
Wednesday, April 20, 2016 Halliburton's troubled bid to buy oil-services rival Baker Hughes faces a formal complaint from European Union regulators as soon as this month, adding to a court fight with US antitrust officials.
EU Regulators Resume Scrutiny of Halliburton, Baker Hughes Deal
Tuesday, April 12, 2016 EU competition regulators resume their scrutiny of US oil industry services group Halliburton's plan to acquire smaller rival Baker Hughes.
GE's Oil Unit Seen Finding 'Missing Piece' with Baker Hughes
Friday, April 08, 2016 General Electric Co. could become one of the top players in the oil services and equipment industry if it decides to bid for Baker Hughes Inc.
Halliburton Sued by US Seeking to Block Baker Hughes Deal
Wednesday, April 06, 2016 Halliburton was sued by US antitrust officials who say its planned takeover of rival oil-services firm Baker Hughes threatens competition and should be blocked.
Source: US Justice Dept Will Sue To Stop Halliburton, Baker Hughes Merger
Tuesday, April 05, 2016 The US Justice Department will file a lawsuit as soon as this week to stop oilfield services provider Halliburton from acquiring smaller rival Baker Hughes, a source familiar with the matter says.
US Sues ValueAct Over Halliburton-Baker Hughes Deal Disclosures
Monday, April 04, 2016 The US Department of Justice says it sued activist investor ValueAct Capital for violating pre-merger notification requirements related to Halliburton's deal to buy Baker Hughes.
EU Stops Halliburton, Baker Hughes Deal Probe Again, Wants More Info
Monday, March 21, 2016 Halliburton's plan to acquire Baker Hughes faces more delay after European Union antitrust regulators halt their investigation into the $35 billion deal for the second time.
Halliburton-Baker Hughes Stalled a Third Time by EU
Monday, March 21, 2016 Halliburton's bid to buy oil-services rival Baker Hughes was stalled for a third time by the European Union as the companies continue to face regulatory hurdles on both sides of the Atlantic.
India's ONGC Eyes Tie-up With Foreign Service Providers To Boost Output
Thursday, March 17, 2016 Oil and Natural Gas Corp. plans to enter into partnerships with overseas oilfield service providers to boost output from ageing oil and gas fields, its chairman says.
Halliburton Reduces Bonuses, Pay Increases due to Market Conditions
Wednesday, March 09, 2016 Halliburton will adjust its contributions to employees' 401k plans and reduce bonuses and pay increases for employees as part of new cost-cutting measures.
Halliburton To Slash 5,000 More Jobs Amid Oil Slump
Thursday, February 25, 2016 Halliburton, pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8%, or by 5,000 jobs, company spokeswoman Emily Mir says.
EU Halts Halliburton, Baker Hughes Deal Review, Awaits Details
Monday, February 22, 2016 EU antitrust regulators halt their scrutiny of US oilfield services provider Halliburton's proposed takeover of Baker Hughes, saying they need more details about the deal.