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Halliburton

(AP Photo/Lisa Poole, File)

Fortune 500: Oil prices take slight toll on rankings for Houston companies

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Some Houston-based oil and gas companies saw their rankings slip this year after months of low commodities prices hammered the industry.
A dynamic positioning and marine environment simulator used for simulation and training on exhibit in the Jelec booth at the Offshore Technology Conference at the NRG Center Tuesday, May 5, 2015, in Houston, Texas. (Gary Coronado / Houston Chronicle)

Major offshore vessel contractor could be in the market for acquisitions, CEO says

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The CEO of vessel contractor Tidewater says the oil bust could be an opening to scoop up smaller rivals in marine services as corporate consolidations could help offshore firms cope with the downturn.
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

BP, Macondo contractors resolve oil spill claims against each other

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Halliburton CEO Dave Lesar said the agreement closes out another chapter in the Gulf of Mexico saga for the oil field service company and restores its relationship with BP, one of its customers.
Eric Carre, Halliburton vice president (Halliburton)

OTC Commentary: Industry can meet long-term deep-water challenges

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A Halliburton executive says he expects deepwater to be among the leading segments of the oil and gas industry into the future.
Halliburton's 2,000-horsepower hydraulic fracturing truck is parked at the Offshore Technology Conference in Houston this week.

In flood of subsea tools, shale-busting tech draws eyes at OTC

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High-horsepower pumps and big hydraulic fracturing trucks, the primary tools used to bust open U.S. shale rock, have carved out parking spaces of their own at the Offshore Technology Conference in Houston.
Attendees view a small scale model of an offshore platform in the Aker Solutions booth during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. ( Mayra Beltran / Houston Chronicle )

Some OTC exhibitors have stepped up their conference spending, even amid downturn

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While many companies have scaled back their presence this year amid a global oil collapse, others have still spent big.
(Johnny Hanson/Houston Chronicle file photo)

Halliburton cuts 9,000 jobs as oil slump takes toll

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Oil field services firm Halliburton posted a first-quarter net loss of $643 million as drilling rigs continued to go silent in North American oil fields and producers asked for pricing concessions for services, it said Monday.
(Johnny Hanson/Houston Chronicle file photo)

Halliburton to put drilling business units up for sale to clear Baker Hughes merger

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The Houston oil field services firm said Tuesday it is putting its fixed cutter bits, roller cone drill bits, directional drilling, logging-while-drilling and measurement-while-drilling businesses on the auction block in separate deals.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Moody’s predicts tough year for oil field services firms

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Even if oil prices rebound, oil field services firms still have a tough year ahead as producers squeeze them for deeper discounts, Moody’s Investors Services said in a new analysis.
A Frank's International crew works on a rig. (Frank's International handout photo)

Frank’s International says it will cut up to 600 jobs

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Job cuts at Frank’s International follow tens of thousands of job cuts in the oil field service industry, a labor-intensive business that has been hammered by falling oil prices since June.