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Halliburton Upbeat on International Demand; Cost Cuts to Save $400 Million Annually

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By Tanay Dhumal Oct 21 (Reuters) – Halliburton (HAL.N) said on Tuesday it expected international oilfield revenue to rise in the fourth quarter as overall drilling activity remained steady, while projecting $400 million in annual savings from its cost-cutting measures. Shares of the company, the third-largest global oilfield services company by revenue, jumped 9%, aided …

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Halliburton Beats Quarterly Profit Estimates on Steady North America Drilling Demand

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, OFS-Oilfield Services, Oil, US News / By

Halliburton  beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts’ average estimate of $2.17 billion. Halliburton said the results were supported by increased stimulation …

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Trump’s India Squeeze to Push Russian Oil Further into the Shadows

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Ron Bousso Summary Trump says India pledged to cut Russian crude imports India bought 40% of Russian crude exports so far in 2025 Halting purchases will hurt Moscow, but is unlikely to cut its exports (Reuters) – Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital …

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Oil Posts Weekly Loss on Uncertainty Over Global Supply Outlook

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Summary Oil prices set for weekly loss, IEA forecasts rising glut Trump and Putin plan summit on Ukraine, cease-fire halts fighting in Gaza Concerns mount over economic slowdown, lower energy demand (Reuters) – Oil prices managed small gains on Friday but still were part of a weekly loss of nearly 3% after the IEA forecast …

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Oil Set for Weekly Loss as Global Conflicts Ease, Signs of Glut Emerge

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By Erwin Seba Oil prices set for weekly loss, IEA forecasts rising glut Trump and Putin plan summit on Ukraine, cease-fire halts fighting in Gaza Concerns mount over economic slowdown, lower energy demand HOUSTON, Oct 17 (Reuters) – Oil prices managed small gains on Friday but were headed for a weekly loss of nearly 3% …

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US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 548 in the week to October 17. Despite …

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BP Says Fire Extinguished at Whiting, Indiana Refinery

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(Reuters) – A fire broke out at BP’s 440,000 barrel-per-day Whiting refinery in Indiana and was extinguished as of Friday morning, the company said. The fire resulted from an operational incident and there were no injuries, the company said in an emailed statement. It did not elaborate on the incident. Reuters earlier reported multiple units …

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Western Pressure to Hit Asian Buying of Russian Oil From December

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U.S. and European pressure on Asian buyers of Russian energy could restrict India’s oil imports from December, leading to cheaper supplies for China, while Japan is unlikely to halt its Sakhalin liquefied natural gas shipments for now, trade sources and analysts said. Washington is exerting pressure on China, India and Japan through trade talks to …

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US Says India Halves Russian Oil Imports, Sources Say No Cuts Seen

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Summary Russian oil a top irritant in US-India trade talks India has pledged to boost US energy purchases India could cut Russian oil imports from Dec-Jan, sources say India is biggest buyer of Russian seaborne oil US says Russia uses oil revenue to fund war in Ukraine (Reuters) – India has halved its purchases of …

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