Tag: Halliburton

Microsoft, Halliburton collaborate to digitally transform oil and gas industry

Microsoft, Halliburton collaborate to digitally transform oil and gas industry

Voice and image recognition, video processing and AR/Virtual Reality are some of the focus Microsoft and Halliburton announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry, according to a press release. “Halliburton is focused on delivering intelligent cloud solutions to drive the next generation of efficient […]

By September 18, 2017 0 Comments Read More →
Halliburton: Oil prices to spike in 2020 after massive industry cuts

Halliburton: Oil prices to spike in 2020 after massive industry cuts

Oil prices tumbled to a low of $26.05 in February 2016 Halliburton believes the worse crash in oil prices in a generation will lead to a spike in oil prices by 2020. The global glut of crude has resulted in tumbling oil prices and has forced oil companies to cut about $2 trillion in investments, […]

Baker Hughes tries to reassure investors as Halliburton deal fails

Baker Hughes tries to reassure investors as Halliburton deal fails

Baker Hughes plans to cut $500 million in annual costs By Amrutha Gayathri May 2 (Reuters) – Baker Hughes Inc sought to reassure investors on Monday by announcing a $2.5 billion plan to buy back stock and pay down debt, using the breakup fee it will receive following the collapse of its long-stalled takeover by fellow […]

Baker Hughes to buy back stock, debt after Halliburton deal fails

Baker Hughes to buy back stock, debt after Halliburton deal fails

Baker Hughes Halliburton deal opposed by US, European antitrust regulatorst May 2 (Reuters) – Baker Hughes Inc said it planned to buy back $1.5 billion of shares and $1 billion of debt, using the breakup fee it will receive following the collapse of its proposed buyout by fellow oilfield services provider Halliburton Inc. The merger, […]

Halliburton, Baker Hughes to contest Justice Dept. block of merger

Halliburton, Baker Hughes to contest Justice Dept. block of merger

Halliburton and Baker Hughes claim merger will provide better services to customers, helping to lower oil and gas production costs HOUSTON, Texas – Halliburton and Baker Hughes have announced that the companies intend to vigorously contest the US Department of Justice’s effort to block their pending merger. The companies said in a press release that they […]

Halliburton revenue drops 28%  in Q4, 2016 to be ‘a tough year’

Halliburton revenue drops 28% in Q4, 2016 to be ‘a tough year’

Total Halliburton annual revenue of $23.6 billion declined 28% year-over-year, moving ahead with Baker Hughes acquisition Economic headwinds affecting the global oil and gas industry took their toll on industry leader Halliburton, but the company says it still managed to outperform industry averages. Halliburton has announced that income from continuing operations for the fourth quarter of 2015 […]

By January 25, 2016 0 Comments Read More →
Halliburton, Baker Hughes selling oilfield firms as part of merger

Halliburton, Baker Hughes selling oilfield firms as part of merger

Halliburton selling one company, Baker Hughes selling three Halliburton (NYSE: HAL) and Baker Hughes (NYSE: BHI) are selling businesses that in 2013 earned revenue of $5.2 billion as part of their merger process, the companies announced Monday. The companies are being put up for as part of Halliburton’s pending acquisition of Baker Hughes. Pursuant to the […]

By September 28, 2015 0 Comments Read More →