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Halliburton Says Expenses Incurred in Response to August Cyber Attack

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U.S. oilfield services firm Halliburton said on Tuesday it has incurred and is likely to continue to incur expenses related to its response to a cyber attack in August. The incident, in which an unauthorised third party accessed and removed information from Halliburton’s systems, caused disruptions and limited access to portions of its business applications, …

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Top U.S. Oilfield Firm Halliburton Hit by Cyberattack, Source Says

CDN and International News, Energy Topics & Technology, Latest, OFS-Oilfield Services / By

U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter. Halliburton said it was aware of an issue affecting certain systems at the company and was working to determine the cause and impact of the problem. The company was also working with “leading external experts” …

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Baker Hughes Sees Lower North America Activity; Bets on Foreign Demand

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil, Pinned Primary, US News / By

By Reuters (Reuters) – Baker Hughes  cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region. However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment. …

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Oilfield Services Firms SLB, Halliburton Post Profit Gains on Global Demand

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Summary SLB, Halliburton warn of weak North America activity SLB shares up 3.4%, Halliburton shares down 4.9% North America activity to trough in H2 2024 – Halliburton CEO SLB sees strong growth in Middle East, Asia (Reuters) – Top U.S. oilfield service firms SLB and Halliburton  posted higher quarterly profits on Friday helped by strong global …

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SLB and Halliburton See Strong International Oilfield Demand

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SLB and Halliburton See Strong International Oilfield Demand Companies meet or exceed earnings per share expectations Oilfield service firms are shifting into overseas markets SLB and Halliburton Co., two of the world’s biggest oilfield service providers, said they see strong international demand for crude drilling after posting earnings that met or exceeded expectations, supporting their shift into …

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Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery

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HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with …

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Moscow Takes Control Over Assets of Western Companies – Here Are the Companies Affected So Far

CDN and International News, Energy Topics & Technology, Exploration & Production, Latest, OFS-Oilfield Services / By

Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far. AGROTERRA Russia seized companies belonging to agricultural group AgroTerra and placed them …

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Superior Energy Services Announces First Quarter 2024 Results and Conference Call

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HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ended March 31, 2024. In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on May 6, 2024. For the first quarter of 2024, the Company reported net income from …

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U.S. State Dept Says Oil Service Firm SLB Not Violating Russia Sanctions

Conventional Energy, Latest, OFS-Oilfield Services / By

(Reuters) – The U.S. State Department believes oil services firm SLB has not violated sanctions against Russia and the company has been told what Washington is willing to accept, Assistant Secretary of State Geoffrey Pyatt told Reuters in an interview on Wednesday. “I have had conversations with the CEO of that company… I think there …

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Precision Drilling announces 2024 first quarter unaudited financial results

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CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This …

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