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Tag Archives: Halliburton

Halliburton hiring in West Texas

Halliburton hiring in Permian, An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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Energy explorers Halliburton and Baker Hughes abandon merger

FILE - In a Nov. 18, 2014 file photo, Halliburton Chairman, President and CEO David Lesar, third from right, rings the New York Stock Exchange opening bell. Halliburton and Baker Hughes, two companies crucial to the business of U.S. energy exploration, have abandoned their planned $34 billion merger, the Justice Department said Sunday, May 1, 2016. The department filed suit April 6 to block the merger. (AP Photo/Richard Drew, File)

WASHINGTON (AP) — Two companies crucial to the business of U.S. energy exploration, Halliburton and Baker Hughes, have abandoned their planned merger in the face of opposition by regulators who said it would hurt competition. Prospects for the merger, which was valued at nearly $35 billion when it was announced in 2014, seemed especially bleak after the Justice Department sued ...

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Federal suit to stop Halliburton, Baker Hughes deal

Federal suit to stop Halliburton, Baker Hughes deal

WASHINGTON (AP) — The Justice Department on Wednesday sued to stop Halliburton Co. from acquiring oilfield services rival Baker Hughes Inc., saying the deal would harm consumers and eliminate head-to-head competition. The proposed transaction, valued at nearly $35 billion, would combine two of the world’s three leading providers of those services to oil and gas companies and create a bigger ...

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U.S. regulators seek more concessions to OK Halliburton-Baker Hughes deal

Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas June 2, 2015. While giants like Halliburton, Baker Hughes and Schlumberger are weathering the slump by cutting tens of thousands of jobs, small- and medium-sized firms that make up at least half of the nearly $100 billion a year U.S. oil services industry that provides fracking sand and specialized chemicals for fracking have been hit far harder than their large, cash-rich rivals by the downturn, experts say. Picture taken on June 2, 2015. REUTERS/Cooper Neill - RTX1GZSL

Halliburton Co <HAL.N> and Baker Hughes Inc <BHI.N> said U.S. antitrust officials were not satisfied with the concessions they offered to win approval for their proposed merger, and that officials said they would assess further proposals. The two oilfield service providers said it was unlikely they would be able to settle with the U.S. Department of Justice by Tuesday, the ...

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Halliburton revenue misses on weak drilling in North America

Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas June 2, 2015.  REUTERS/Cooper Neill -

Halliburton Co <HAL.N>, the world’s No.2 oilfield services provider, reported a bigger-than-expected 36 percent drop in quarterly revenue, hurt by weak drilling and pricing in North America. Halliburton and bigger rival Schlumberger Ltd’s <SLB.N> disappointing results highlight the struggles of the oil and gas industry, which is seeing little hope of a rebound in crude oil prices The outlook for ...

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Halliburton to reduce its Artesia workforce


Layoffs have been announced at the Artesia location of Halliburton Co., due to current business conditions in the oil industry. William Fitzgerald, a Halliburton spokesman, said in an email that the company does not drill in Eddy County, but they do have two locations in Artesia. “Halliburton will continue to monitor the business environment and will adjust the size of ...

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Halliburton in Farmington lays off undisclosed number of employees

Getty Images via NewsCred

FARMINGTON — An undisclosed number of employees at the Farmington Halliburton Co. facility on East Main Avenue were laid off by the company this week. Company spokesman William Fitzgerald confirmed the terminations in an emailed statement on Thursday. “Halliburton has made adjustments to its workforce in Farmington based on current business conditions,” Fitzgerald said in the email. “Halliburton will continue ...

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