US upstream news

Halliburton posted net income attributable to the company of US$236 million, or 26 cents per share, in the 3 months ended 30 September, compared with a loss of US$17 million, or 2 cents per share, last year.

The new technology, operations and commercial Black Hills site has more than 5000 ft2 of office and networking space, a 3500 ft2 laboratory and an 80 000 ft2 production area.

The Nabors Industries rig reached total depth on a horizontal well for ExxonMobil in the Permian Basin.

The transaction includes Occidental’s interests in both the Jubilee and TEN fields, which combined had 2Q21 net production of 22 000 boe/d.

The solution combines Halliburton’s all-electric fracturing spread with VoltaGrid’s power generation system.

The company has achieved one of its 2021 ESG goals 3 months ahead of schedule.

The properties being sold include non-operated interests in over 400 producing wells (65.9 net) with recent production of greater than 4500 net boe/d (approximately 65% oil).

The agreement, signed at the St. Petersburg International Gas Forum, documents the intention of both parties to work together in jointly determining applications and solutions that can benefit from the introduction of new technologies for oilfield services.

Ocean Geo Solutions’ current workforce, including geophysicists, cartographers and support staff will continue to operate out of its Houston office.

The new company will be known as HMH, and Baker Hughes and Akastor will own equal equity.