Halliburton Co. isn’t reporting much impact to its North American business from plunging oil prices yet, but adjustments are likely to occur through 2015 as operators recalibrate, CFO Mark McCollum said Wednesday.
Articles from Halliburton
Halliburton Co. has reached a tentative $1.1 billion settlement with a majority of plaintiffs involved in the 2010 Macondo well blowout in the Gulf of Mexico.
Halliburton Co., one of the largest onshore oilfield services providers, has obtained a long-term agreement through 2018 with Hi-Crush Partners LP for sand to use in hydraulic fracturing (fracking) operations.
A former Halliburton Co. manager was charged by the U.S. Department of Justice (DOJ) on Thursday with destroying evidence linked to the Macondo well blowout in 2010.
With the exception of some flattening in the overall oil and natural gas rig count this year, a steady increase is forecast through 2015, particularly for horizontals drilled on multi-pad well sites, according to Halliburton Co. COO Jeff Miller.
The three biggest pressure pumping providers serving U.S. operators — Halliburton Co., Schlumberger Ltd. and Baker Hughes Inc. — are facing a class action antitrust lawsuit over alleged price manipulation, which comes two weeks after the U.S. Department of Justice (DOJ) launched an investigation.
Due to adjustments made by oil and natural gas service companies, Democratic leaders on the House Energy and Commerce Committee Tuesday said 500,000 gallons more of diesel fuel and fluids were used in hydraulic fracturing (fracking) between 2005 and 2009 than were previously reported.
Under a state regulatory process established a little more than a year ago for hydraulic fracturing (fracking), Wyoming has determined that trade secret compounds involving 146 separate chemicals, but not the chemicals themselves, have been granted confidentiality by the state Oil and Gas Conservation Commission (OGCC).
The “brute force” drilling process that unlocked North America’s shale deposits won’t easily be transferred overseas, Schlumberger Ltd. COO Paal Kibsgaard said Wednesday.
David Crane, CEO of NRG Energy, and Timothy J. Probert, president of Halliburton’s Global Business Lines, have been elected to El Paso Corp.’s board of directors. Crane, 50, will serve on the governance and nominating committee of El Paso’s board. Crane earned a bachelor of arts degree from Princeton University’s Woodrow Wilson School of Public and International Affairs and a juris doctorate from Harvard Law School. Probert, 58, will serve on the health, safety and environmental committee of the board. He received his bachelor of science degree in geology and geography from the University of London in 1972 and is a member of the corporate advisory board of the American Association of Petroleum Geologists.