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Halliburton Will Idle some Equipment Amid Lower Oilfield Demand – Oil & Gas 360
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Halliburton will idle some equipment amid lower oilfield demand – Oil & Gas 360
(World Oil)– Halliburton Co. is idling some oilfield equipment in response to deteriorating demand among shale companies. The world’s largest provider of hydraulic fracturing is forecasting shrinking margins in its biggest business line as weakening demand weighs on the prices it can charge, Chief Executive Officer Jeff Miller said Tuesday. The company plans to idle or retire some equipment. “We’ll clearly stack some fleets just because we’re not
Half-yearly profits fell by 48.3%, to 576 million euros MADRID, 22 (EUROPA PRESS) The US company of oil services Halliburton recorded a net profit attributed to 472 million dollars (402.2 million euros) during the second quarter, representing a decrease of 33.4% in year-on-year comparison. Total revenues fell [...] The Halliburton income earns 402.2 million euros in the second quarter, a 33.4% less appears first in Forbes Spain.
Halliburton Profit Slumps on Weak North America, Middle East Drilling Demand - Energy News, Top Headlines, Commentaries, Features & Events
(Reuters) – Halliburton reported about 33% fall in profit for the second quarter on Tuesday, hurt by weak demand for its oilfield services in North America, Saudi Arabia and Kuwait. The company had flagged a second-quarter earnings impact from President Donald Trump’s tariffs and lower oilfield activity in North America as producers evaluated drilling and completions at weak ...
Company recorded revenue from US$ 5,41 billion in the period, decrease of 6.6% in annual comparison
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