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Tag Archives: Halliburton

Top 5 stories of the week

Here were the top five Marcellus.com stories for the week of September 20-24. Thank you for reading and have a wonderful weekend! 5. 2015: The year of Natural Gas? It’s been a rough year for coal. Having struggled through lost revenue, mine closures, job cuts and multiple companies filing for bankruptcy, coal production appears to be a fleeting industry. “You ...

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Halliburton cuts jobs in Williston, North Dakota

job cuts

Sept 21 (Reuters) – Halliburton Co, the world’s No. 2 oilfield services provider, said on Monday it has laid off staff in Williston, North Dakota, blaming plunging crude oil prices. The company provided no details on the number of employees affected. “Halliburton will continue to monitor the business environment and will adjust the size of our workforce to align with ...

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Halliburton to reduce its Artesia, New Mexico workforce

Layoffs have been announced at the Artesia location of Halliburton Co., due to current business conditions in the oil industry. William Fitzgerald, a Halliburton spokesman, said in an email that the company does not drill in Eddy County, but they do have two locations in Artesia. “Halliburton will continue to monitor the business environment and will adjust the size of ...

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Halliburton in Farmington lays off undisclosed number of employees

FARMINGTON — An undisclosed number of employees at the Farmington Halliburton Co. facility on East Main Avenue were laid off by the company this week. Company spokesman William Fitzgerald confirmed the terminations in an emailed statement on Thursday. “Halliburton has made adjustments to its workforce in Farmington based on current business conditions,” Fitzgerald said in the email. “Halliburton will continue ...

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Oil services firms beat expectations, tough times loom

LONDON/BANGALORE – Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts. However, they warn the second half of the year will likely be much harder as oil companies cut spending even further after a near 30 percent fall ...

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Sewage flow becomes Williston’s oil bust indicator

WILLISTON, N.D. – The population of a U.S. oil boomtown that became a symbol of the fracking revolution is dropping fast because of the collapse in crude oil prices , according to an unusual metric: the amount of sewage produced. Williston, North Dakota, has seen its population drop about 6 percent since last summer, according to wastewater data relied upon ...

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INSIDE FRACKING: Chevron offers rare look at controversial practice

chevron

Patrick Niebuhr was chatting with a visitor outside a mobile command center in the Lost Hills Oil Field when suddenly a loud rumbling arose and exhaust began to stream from a series of red semi-trucks parked nearby. The commotion told Niebuhr, a Bakersfield-based technology manager with Halliburton Co., that the “frack job” he and engineers at Chevron had spent months ...

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Halliburton secures $500 million to fund drilling in old wells

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 Co <HAL.N> said it had tapped BlackRock Inc <BLK.N> for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells. The world’s No.2 oilfield services provider, which is buying No.3 Baker Hughes Inc <BHI.N> to cope ...

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