Halliburton news

The technology aims to reduce uncertainty and saves rig time by enabling operators to accurately position packers, perforating guns and the bottomhole assembly without running wireline or moving the work string.

The company has announced a net loss of US$1 billion, or US$1.16 per diluted share, for 1Q20.

The company will significantly reduce spending this year below its original US$1.2 billion budget.

The NitroForce drilling motor provides increased power and performance to complete longer laterals faster and with greater control.

The iEnergy cloud helps reduce corporate infrastructure costs and improve the effectiveness and efficiency of integrating, managing and supporting well data.

The SPIDRlive™ Self-Powered Intelligent Data Retriever is an unconventional well testing and fracture interaction monitoring technology that acquires real time well data without the need for intervention.

The joint venture will be based in Baku, Azerbaijan, and will focus its business development and operations both on onshore and offshore Azerbaijan.

The contracts awarded include directional drilling, logging while drilling, surface data logging, drilling and completions fluids, cementing, liner hangers, coring and well completions services.

The company has announced a net loss of US$1.7 billion for 4Q19, compared to a net income for 3Q19 of US$295 million.

Petrofac has been appointed by Maersk to deliver well management services, including project and supply chain management support for shallow water and deepwater wells throughout the duration of the programme.