Halliburton Cites Reduced Activity from Pemex

Halliburton announced a major reduction in activity from its primary customer in Mexico, Petróleos Mexicanos (Pemex), for the fourth quarter of 2009.

Halliburton's work in the Burgos, Veracruz, and southern areas are being impacted by Pemex's decision to significantly reduce activity due to low natural gas prices and other constraints. The impact of these activity reductions is currently expected to be approximately $0.02 in earnings per share for the fourth quarter of 2009.

Halliburton has operated in Mexico for more than 60 years.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Wireline Field Operator
Expertise: Wireline
Location: Clay City, IL
 
Wireline Field Operator
Expertise: Wireline
Location: Youngstown, OH
 
FLOW BACK AND WELL TESTING OPERATOR - TEXAS
Expertise: Well Servicing & Testing
Location: Texas, United States, TX
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours