Halliburton news

The agreement is designed to advance Halliburton’s digital capabilities in Microsoft Azure.

The Odassea technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge.

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.