Halliburton Expects Leaner Days in Gulf

Wednesday, July 21, 2010

According to a July 19 report from the Houston Chronicle, despite a severe pullback in drilling in the Gulf of Mexico, Halliburton reported an 83% jump in profit and said it added 1,700 jobs in the second quarter, thanks to an increase in land-based drilling activity in North America and improved business abroad. But the company, with dual headquarters in Houston and Dubai, said it expects to feel the financial pinch of the government's six-month deep-water drilling moratorium and a slowdown of shallow-water drilling as soon as this quarter.

(Source: The Houston Chronicle)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Gas Plant Fire Halts US Gulf Coast Platforms

At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a

Sevan Marine Divests Stake in KANFA Aragon

Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing

Norwegian Unions Say 755 O&G Workers Could Strike

About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline,

News

New DNV GL Marine Warranty Standards are a Digital First

The energy industry’s only Standard for the warranty approval of marine operations is published  by DNV GL. The Standard is the first to deploy a digital solution

Fundraiser Held for USS Gerald R. Ford Crew

Blackmer, a company in positive displacement and centrifugal pump and reciprocating compressor technologies, has a relationship with the U.S. Military that dates

Gas Plant Fire Halts US Gulf Coast Platforms

At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a

 
 
Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0815 sec (12 req/sec)