Tag: Halliburton

Key testimony in BP oil spill ruling wasn’t excluded, DOJ says

That evidence played prominently in the judge’s finding that BP, owner of the Macondo well, was grossly negligent, a ruling that raises the stakes for the oil major  More »

Halliburton execs point to U.S. shale as profits leap 70 percent

U.S. shale plays have become laboratories for experiments with more production stages, more sand and, in West Texas, a lot more horizontal rigs – a development Halliburton executives say has required an unprecedented level of oil-field service intensity.  More »

BP swipe at “reckless” ruling hinges on challenge to Halliburton expert

BP’s attempt to unravel a verdict that its recklessness caused the Deepwater Horizon oil spill hinges on its legal and scientific challenge to the testimony of one expert and its bid to cast more blame for the disaster on cement contractor Halliburton.  More »

Rangeland inks sand services deal with Halliburton

Sugar Land’s Rangeland Energy has singed a multi-year deal with Houston-based oil services company Halliburton Co. to provide fracking sand rail unloading, storage and distribution in West Texas’ Delaware Basin, a part of the larger Permian Basin.  More »

Judge rules BP was grossly negligent in oil spill

A federal judge on Thursday ruled that BP’s oil spill in the Gulf of Mexico four years ago was the result of gross negligence or willful misconduct by the London oil company.  More »

Halliburton reaches $1.1 billion Gulf spill settlement

Halliburton said Tuesday it reached a $1.1 billion settlement with a majority of plaintiffs who sued the Houston oil field service company in the wake of the 2010 Gulf of Mexico oil spill.  More »

Halliburton goes on airwaves in Colorado (video)

Halliburton Co. is hitting the airwaves in Colorado on Wednesday with a new television ad meant to burnish the image of the Houston-based oilfield service firm and the hydraulic fracturing operations it conducts across the U.S.  More »

North American production bolsters Halliburton profits 21 percent

Halliburton cleared a 21 percent profit boost in the second quarter as demand for oil production equipment climbed in North America and drills kept spinning in the eastern hemisphere, the company said Monday.  More »

Halliburton bolsters China’s fracking through partnership

Halliburton, the oil field services company with the largest hydraulic fracturing fleet, is exporting the key technology behind the U.S. shale boom to China.  More »

Fortune Global 500 list heavy on oil

Wal-Mart took the No. 1 spot on Fortune’s Gobal 500 ranking of the world’s largest companies based on revenue, but the top of the list was sloshing with oil.  More »

Supreme Court curbs shareholder class-action suits with Halliburton case

A Supreme Court ruling Monday will make it easier for Halliburton to fight a lawsuit brought by investors who allege the company misled them.  More »

Russia needs US tech to unlock $8.2 trillion oil trove

Russia will require Western companies to provide the modern drilling and production gear — and techniques such as hydraulic fracturing — that are essential to unlocking its $8.2 trillion worth of barrels still underground.  More »
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