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Tag Archives: Halliburton

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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Nabors and C&J Energy loan put on pause

According to Fuel Fix, due to low oil prices C&J Energy Services Inc. put their loan on hold. C&J Energy, a Houston, Texas-based hydraulic- fracturing company, has postponed its $650 million loan that will fund the company’s merger with Nabors Industries Ltd. C&J Energy commented on the loan being put on hold: C&J Energy Services remains on track to close ...

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Cash from Bakken oil boom can make college a tough sell

wal mart

WILLISTON, N.D. — As two men jumped off their bar stools and tumbled to the floor in a Saturday night brawl, Stephen Hopkins rushed to pin them down. “That’s it, anyone involved is out!” hollered a server, as young engineers from Halliburton looked on with amused smiles. Here at Doc Holliday’s Roadhouse, on the fringe of a Wal-Mart parking lot, ...

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With Baker Hughes, Halliburton cements leading North Dakota role

WILLISTON N.D. – Halliburton Co’s <HAL.N> $35 billion takeover of Baker Hughes Inc <BHI.N> will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters. The deal, announced on Monday, will help Halliburton better compete with global leader Schlumberger NV <SLB.N>, as well ...

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C&J Energy lands in the top 3

By the end of 2015, C&J Energy Services plans on becoming the third largest oilfield services company after its merger with Nabors Industries Ltd. C&J’s founder, chairman, and CEO, Josh Comstock, said the merger with Nabors, coupled with the merger of Halliburton and Baker Hughes, will make C&J the direct beneficiary. Both deals are expected to quickly make C&J the ...

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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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Victim in Mead well site accident died from a blunt force head injury

odessa, tx sunset

The victim from Thursday’s well site accident near Mead died from the injuries he sustained on the job, the Weld County’s Coroner’s Office reported Friday. Matthew Smith, 36, of Brighton, died Thursday morning of blunt force trauma to the head after a high-pressure water valve ruptured at an Anadarko Petroleum Corp. well site in southwest Weld County. Smith, a Halliburton ...

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Oil price drop, merger talks feed energy sector deal speculation

pump jack

NEW YORK, Nov 14 – Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell Varco Inc and Weatherford International may also be targets, bankers and lawyers said. ...

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Top 5 stories of the week

Here are the top five stories from Marcellus.com for the week of Nov. 10 through Nov. 14. 1. UPDATE: Are Halliburton and Baker Hughes playing monopoly? In an effort to minimize the impact of declining oil prices, the world’s second largest oilfield services company Halliburton is in preliminary talks with Baker Hughes Inc. discussing a possible merger. Yesterday, Baker Hughes released ...

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