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 »
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.
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 »
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 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 »
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 »
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 »
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 »
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 »
National oil companies are successfully leveraging the experience of oilfield service companies, a former Schlumberger executive told a Houston audience Thursday morning.
Baker Hughes, the world’s third largest oilfield services provider, is reducing its workforce in Brazil after losing contracts with Petroleo Brasileiro SA to competitor Halliburton Co., an oil union said. More »
Halliburton plans to be an active dealmaker when the unconventional oil and gas sector consolidates, but will be selective about the potential opportunities, a senior executive said Tuesday at a Houston energy conference. More »