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Halliburton

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.
Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton, Baker Hughes shareholders OK $35 billion deal

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Roughly 98 percent of the shareholder votes cast in both votes were in favor of the deal, which is expected to close in the second half of this year.
Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton mum on future sales tied to Baker Hughes merger

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The world’s second and third-biggest oil field service firms are just a week away from a March 27 shareholder vote on the transaction, one of the biggest energy deals so far this century, which emerged when oil prices were falling sharply last year.