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Halliburton Beats Quarterly Profit Estimates on Growing International Strength

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

By Reuters (Reuters) – Halliburton beat first-quarter profit estimates on Tuesday as higher drilling demand from international markets helped the oilfield services firm counter a slowdown in North America. Oil and gas producers are looking to secure new international and offshore inventories, boosting oilfield equipment and services demand and helping companies like Halliburton. International rig count, …

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Oilfield Firm SLB’s Profit Rises on International Drilling Demand

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

(Reuters) – Top oilfield services firm SLB  reported a 14% rise in first-quarter profit on Friday, in line with analysts’ estimates, as strong oil and gas drilling demand in the Middle East and Africa helped offset weakness in North America activity. The company, which also reaffirmed its previous guidance of mid-teens profit growth for the full …

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Halliburton, Baker Hughes May See Deal Pressure After SLB’s Buying Spree, Industry Experts Say

Energy Topics & Technology, Latest, Mergers and Acquisitions, OFS-Oilfield Services, US News / By

Investors of Halliburton and Baker Hughes are likely to pile up pressure on the top U.S. oilfield service companies to follow the steps of bigger rival SLB in beefing up their portfolios through deals, industry experts said. SLB made a nearly $8 billion bid for ChampionX earlier this month to add new technology offerings, its …

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