International natural gas and oil market activity is accelerating, and North American service capacity is tightening, with pricing “moving up in both markets,” Halliburton Co. CEO Jeff Miller said Tuesday.

Halliburton earnings

Miller helmed a conference call with analysts to discuss third quarter results, noting the Houston-based oilfield services (OFS) giant is using the technology honed in U.S. land and in the offshore to expand the overseas businesses.

Activity usually begins to slow in the third quarter through the end of the year as capital budgets often are weighted to the first six months. Not so this time, Miller said.

“We are certainly not seeing budget exhaustion,” he told analysts. “We remain sold out through the end of the year and into next year…The market is strong and...