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Tag Archives: Halliburton

Halliburton hiring in West Texas

An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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Top Eagle Ford news stories: April 29 – May 6

rig count, oil natural gas

Here’s a recap on the top Eagle Ford news stories from the past week. Energy producers continue to struggle with depressed oil prices and two oil majors abandoned plans for a merger as opposition from regulators mounted. 5. Exxon sees smallest profit in 16 years, Chevron posts loss DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the ...

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Energy explorers Halliburton and Baker Hughes abandon merger

FILE - In a Nov. 18, 2014 file photo, Halliburton Chairman, President and CEO David Lesar, third from right, rings the New York Stock Exchange opening bell. Halliburton and Baker Hughes, two companies crucial to the business of U.S. energy exploration, have abandoned their planned $34 billion merger, the Justice Department said Sunday, May 1, 2016. The department filed suit April 6 to block the merger. (AP Photo/Richard Drew, File)

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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US stocks rise, shaking off tech slump, after Fed stands pat

US stocks rise, shaking off tech slump, after Fed stands pat

NEW YORK (AP) — U.S. stocks rose Wednesday after the Federal Reserve left its key interest rate unchanged, as investors expected. Energy companies climbed again as the price of oil came close to a six-month high. Technology stocks were battered following weak results from Apple and Twitter. Stocks opened mostly lower in muted early trading, but they moved higher after ...

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US stocks slip, oil hits highest price since November

US stocks slip, oil hits highest price since November

NEW YORK (AP) — U.S. stocks are slightly lower in Wednesday morning trading as tech stocks are hammered following weak results from Apple and Twitter. Energy companies continue to rise as the price of oil reached its highest price since November. KEEPING SCORE: The Dow Jones industrial average dipped 40 points, or 0.2 percent, to 17,950 as of 10:06 a.m. ...

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Top Eagle Ford news stories: April 15-22

Top Eagle Ford news stories: April 15-22

A deadly explosion devastated a Mexican community and low gasoline prices continue to cause problems in the Gulf states. Scroll down to recap this week’s top Eagle Ford news headlines. 5. ‘Hard choices’ in Texas as oil bust, costly lawsuits collide HOUMA, La. (AP) — It might sound strange, but the penny-pinching folks in Louisiana’s Oil Patch can’t wait for ...

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Federal suit to stop Halliburton, Baker Hughes deal

Federal suit to stop Halliburton, Baker Hughes deal

WASHINGTON (AP) — The Justice Department on Wednesday sued to stop Halliburton Co. from acquiring oilfield services rival Baker Hughes Inc., saying the deal would harm consumers and eliminate head-to-head competition. The proposed transaction, valued at nearly $35 billion, would combine two of the world’s three leading providers of those services to oil and gas companies and create a bigger ...

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US to try to block Halliburton from buying rival

Halliburton corporate headquarters in Houston. (Image via Wikipedia)

WASHINGTON (AP) — The Justice Department is expected to sue this week to stop Halliburton from acquiring Baker Hughes, according to a person familiar with the matter. The person spoke on condition of anonymity Tuesday because the lawsuit had not yet been announced. Halliburton and Baker Hughes help oil and natural companies by doing much of the actual drilling work ...

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Energy sector movers, losers, and news: Investors cheer while employees mourn big layoffs

Image: Rafael Matsunaga via Flickr

This week major companies including Whiting, Marathon, and Halliburton announced restructuring and layoffs that have caused stock prices to increase. Whiting Petroleum Corp. (NYSE: WLL) opened Friday Feb. 26 at $3.53 per share and is up 11 percent today, trading at $3.92 after closing at its low yesterday. Whiting announced plans to freeze new fracking and well completions effective April ...

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Halliburton to cut 5,000 more jobs

Halliburton to cut 5,000 more jobs

Oilfield services company Halliburton will eliminate 5,000 more jobs – about 8 percent of its global workforce. Ongoing market conditions led to the decision, according to a statement by Halliburton. As oil prices hover near $30 per barrel, producers struggle to remain viable. Benchmark U.S. crude sold for $33.07 on Thursday. “We regret having to make this decision but unfortunately ...

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