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Weatherford (NYSE:WFT) Appoints New CEO From Halliburton

Weatherford International PLC (NYSE:WFT) appointed a new CEO, Mark McCollum, only four months after the sudden departure of Bernard Duroc-Danner the previous CEO. The new CEO comes from a C-level executive in Halliburton Company (NYSE:HAL) Appointment roles McCollum was the Chief Finance Office in Halliburton. He is expected to report with immediate effect to his […]

Halliburton Company (NYSE:HAL) Announces Future Cuts After Beating Estimates in 1Q2015

Halliburton Company (NYSE:HAL) recently announced its Q1 earnings for 2015 beating EPS estimates by $0.12. The company also beat expected revenues, reporting $7.05 billion compared to $6.89 billion estimates. However, the company has some bad news for its investors. Halliburton has reported an unprecedented decline in drilling activity. The effects were visible when the present […]

Baker Hughes Incorporated (NYSE:BHI) Cuts 17% Of Staff, Closes Facilities

On Tuesday morning, Baker Hughes Incorporated (NYSE:BHI) reported that it had trimmed its labor force by 17% within the first quarter of the 2015 financial year as it closed over 140 facilities. The company’s performance in the first quarter was lower than the projections of Wall Street. So far, the company has trimmed 10500 job […]

Halliburton Company (NYSE:HAL) Feels Pain Of Lower Oil Prices

Halliburton Company (NYSE:HAL) experienced losses in 1Q2015, in light of the reduced oil prices. Halliburton is ranked second in oil-field services. The oil field service provider that is based in Houston Texas claims that its clients have brought down their crisis and were in the pursuit of price discounts. The company’s chief executive said that […]

Halliburton Company (NYSE:HAL) Hires Bank of America Corp (NYSE:BAC) And Deutsche Bank AG (USA)(NYSE:DB) For Asset Sales

Halliburton Company (NYSE:HAL) reported that it hired Bank of America Corp (NYSE:BAC) and Deutsche Bank AG (USA)(NYSE:DB) for asset sales. The two banks will help the company in the sale of two businesses. The assets are valued around $5 billion collectively. The move Following its $35 billion merger deal with Baker Hughes Incorporated (NYSE:BHI) in […]

Halliburton Company (NYSE:HAL) Gets Mature Field Contracts from Petroamazonas

Boston, MA 10/10/2014 (wallstreetpr) – According to reports, Halliburton Company (NYSE:HAL) has been awarded mature field contracts by Petroamazonas. HAL announced that the well-known state-run oil company of Ecuador offered it a long term contract, which will allow it to provide world-class project management and field development services. Apart from it, HAL would also be […]

Drillers Like Halliburton Company (NYSE:HAL) Seek For New Techniques To Cut Gas and Oil Impact

Boston, MA 10/06/2014 (wallstreetpr) – According to reports, Halliburton Company (NYSE:HAL) and other drillers in Colorado have started looking for various new techniques in order to cut the impact of gas and oil. In this series, Encana Corp. is focusing most on erecting large and brown fabric sound walls. It is located about 740 feet from […]

Today’s Stock Highlight: The Procter & Gamble (PG), Halliburton (HAL), The Allstate (ALL)

Boston, MA 09/24/2014 (wallstreetpr) – The Procter & Gamble Company (NYSE:PG) has entered into a deal to unload the rest of its pet care business in Europe. The move comes at a time when the company aims to focus on core businesses while undertaking cost curtailment to grow and preserve the value for its shareholders. […]

Halliburton Company (NYSE:HAL) Plans To Increase Oil And Gas Operations in Romania

Boston, MA 09/09/2014 (wallstreetpr) – Halliburton Company (NYSE:HAL) has been operating in Romania for more than a decade now. As per the information, it first started operating in Romania in year 1999 and then after a tenure of five years it submitted its application to purchase Petrom in year 2003. Privatization was taking place in Romania […]

Halliburton Company (NYSE:HAL) To Pay $1.1 Billion For the Settlement of All The Pending Claims

Boston, MA 09/05/2014 (wallstreetpr) – According to reports, Halliburton Company (NYSE:HAL) has decided to settle most of the claims that are running against it in U.S. District Court in New Orleans. The company was allegedly found guilty in the Deepwater Horizon oil spill in the Gulf of Mexico; therefore, quite a few claims were put against […]

Halliburton Company (NYSE:HAL) Decides To Pay $1.1B in Macondo Settlement

Boston, MA 09/04/2014 (wallstreetpr) – According to reports, Halliburton Company (NYSE:HAL) has decided to pay $1.1 billion in the settlement case of Macondo issue. The company was allegedly involved in the famous Macondo oil spill incident that took place four years back. Macondo oil spill incident: According to available information, ultra-deepwater Horizon drilling platform owned […]

Halliburton Company (NYSE:HAL) Agrees To Pay $1.1 Billion To Settle Mexico Oil Spill Case

Boston, MA 09/03/2014 (wallstreetpr) – Provider of oilfield services to exploration companies, Halliburton Company (NYSE:HAL) disclosed that it had struck a deal with most of the plaintiffs claims in respect of oil spill case in Mexico in April 2010. As a result, the company would be paying about $1.1 billion as settlement claims, including legal […]

Investor Alert: Xerox Corp (NYSE:XRX), American International Group Inc (NYSE:AIG), Atmel Corporation (NASDAQ:ATML), Halliburton Company (NYSE:HAL)

Boston, MA 08/12/2014 (wallstreetpr) – Xerox Corp (NYSE:XRX), services and technology company whose shares 1.29% to $13.36 on Monday but remained up 2.77% from last week, said it would reduce its workforce 468 in Houston following changes in businesses conditions for one of their clients. The company’s VP of corporate communications, Kevin Lightfoot, confirmed the […]

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR): Reissuing Drilling Services Contract

Boston, MA 07/01/2014 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has reported a reduction in its rig fleet that is resulting in a drop in the suppliers margins. As a result, Petrobras is set to reissue a drilling services contract. It has plans to offer $2 billion in the so-called supply contracts. The specialty […]

Halliburton Company (NYSE:HAL): Gearing Up To Top Speed

Boston, MA 04/24/2014 (wallstreetpr) – Halliburton Company (NYSE:HAL) is expecting great returns from the market of North America. The chairman of the company Dave Lesar clearly stated that the North American fracking related services are showing good signs of growth. The pricing pressures have started to ease which is real good news for the industry. It […]

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