Halliburton news

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.

This will allow Halliburton to collaborate across industries with research and development projects that will advance next-generation technologies

Lease Sale 254, scheduled for March 2020, will be the sixth offshore sale under the 2017 – 2022 Outer Continental Shelf Oil and Gas Leasing Program.

Among the cloud applications released are Scalable Earth Modeling, Full-Scale Asset Simulation, Data Foundation and Real-Time Control – Edge.

Initial engineering work will begin in Perth, Australia, later this year, and then will transfer to Dakar, Senegal in 2020.

The two-year and six month contract will see Halliburton provide drilling and completion services for Petrobras.