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Tag Archives: Dave Lesar

Energy explorers Halliburton and Baker Hughes abandon merger

WASHINGTON (AP) — Two companies crucial to the business of U.S. energy exploration, Halliburton and Baker Hughes, have abandoned their planned merger in the face of opposition by regulators who said it would hurt competition. Prospects for the merger, which was valued at nearly $35 billion when it was announced in 2014, seemed especially bleak after the Justice Department sued ...

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Halliburton CEO emails employees the details of jobs and 2015 outlook

An email from Halliburton CEO Dave Lesar, which was sent to every employee in the company, hinted at the harsh times ahead for jobs and oil production. The email obtained by Oilpro.com addresses not only cuts but also a more in-depth look at the recent Baker Hughes buyout that occurred last month. CEO Dave Lesar: “While I look forward with ...

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Halliburton announces who will take over leadership positions

The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas in this April 6, 2012 file photo. Halliburton Co said October 17, 2012 that its third-quarter profit fell due to inflated raw material costs and a slowdown in U.S. drilling, which showed no signs of picking up as many clients' budgets for the year were already spent. REUTERS/Richard Carson/Files (UNITED STATES - Tags: BUSINESS LOGO ENERGY)

Halliburton has announced a new appointee to the company’s board of directors as well as who will become the new executive vice president and chief integration officer. On December 4, the company announced that Mark MCollum will be the new executive vice president and chief integration officer.  Then, on December 5, Abdulaziz F. Al Khayyal was appointed to the company’s ...

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Halliburton buying Baker Hughes in $34.6B deal

NEW YORK — In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion. Global oil prices have tumbled 31 percent over the past 5 months to levels not seen in four years. That has forced the industry cut costs ...

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Halliburton CEO jumps on the “reverse oil price slump” bandwagon

Dave Lesar, CEO of Halliburton, has jumped on the bandwagon with other oil executives who claim they aren’t worried about the decrease in oil prices and actually expect them to increase next year. According to Lesar, demand is slowly increasing, and the decrease in price is mostly due to an oversupply.  As reported by Bloomberg, Lesar also mentioned that it ...

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Halliburton names its new president

Zach Koppang | Shale Plays Media The Houston Business Journal reports that Halliburton has promoted its current vice president and chief operating officer Jeff Miller to the position of president. The company believes that the move will complement the leadership of its current chief executive officer and chairman Dave Lesar. In a press release, Lesar commented: “I have known and ...

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