Tag: Halliburton

Halliburton posts $622M in first-quarter net income

Halliburton says it was profitable in the first-quarter after reporting a loss for the period a year ago.  More »

Baker Hughes acquires Houston reservoir-software firm

Baker Hughes is planning to buy a Houston-based software company in a deal that would add to its digital tools designed to enhance the performance of oil and gas reservoirs.  More »

Energy’s global tiger can bear sanctions on Russia

Losing money on possible economic sanctions in Russia would amount to a little more than a rounding error for Exxon Mobil, the U.S. energy company with the biggest stake in a country under international pressure to release its grip on Ukraine.  More »

New tech could make production spending more effective, expert says

Investing in technologies that improve initial production rates and the ultimate amount of oil that can be extracted from shale reservoirs can improve oil companies’ haul in the face of rising costs, one energy executive said.  More »

US Supreme Court seeks middle ground on shareholder suits

Hearing arguments Wednesday in Washington, the justices considered a bid by Halliburton Co. to overturn a 1988 decision that forms the legal basis for 80 percent of the group securities suits filed each year.  More »

Records: Ohio governor’s aides knew of pro-drilling plan

A memo labeled the so-called eco-left, including the Sierra Club, Ohio Environmental Council and others as adversaries. Halliburton and other energy companies the department is charged with regulating were named as allies, as were national, local and state chambers of commerce.  More »

Diamond taps Halliburton executive to serve as CEO

Marc Edwards, a longtime Halliburton executive, will serve as the new president and CEO of Diamond Offshore Drilling, Inc., the company announced Wednesday.  More »

Schlumberger wraps up business in Iran after loss, US probe

Schlumberger finished shutting down its Iranian business in the second quarter last year after losing $69 million and facing a U.S. probe into its activities in several sanctioned countries, regulatory filings show.  More »

Houston companies scored major stock gains in 2013

Companies that invested in North American oil plays were rewarded with big stock gains in 2013, even as the largest energy companies saw little change in their value overall, according to a new report from the research firm IHS.  More »

Halliburton manager from Katy sentenced in Gulf spill case

A former Halliburton manager has been sentenced to one year of probation for destroying evidence after BP’s massive 2010 oil spill in the Gulf of Mexico.  More »

Halliburton income rises on Middle Eastern drilling

Increased oil company spending on well completions drove Halliburton Co.’s profits up 19 percent million in the fourth quarter as Middle Eastern and Asian markets continued to see high drilling activity, the company reported Tuesday.  More »

New rigs march past the old (video)

Highly specialized, mobile rigs are literally walking over the oil patch’s collection of aging equipment — tamping down sales and profits in a burst of efficiency that’s making some drillers victims of their own success.  More »
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