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2015-09-27 19:35:00

HALLIBURTON CUTS 2,000 JOBS

HALLIBURTON CUTS 2,000 JOBS

Halliburton Co., the world's second-largest oilfield services provider, has cut 2,000 more jobs, mostly in North America, the region hardest hit by the crude collapse. The Houston-based company has now laid off a total of almost 16,000, or about 19 percent of its global workforce, since its peak last year, Emily Mir, a spokeswoman, said Thursday in an e-mailed statement. Halliburton had previously said in July that 14,000 jobs had been eliminated.

The company is flattening its North America staff by reducing management layers, President Jeff Miller wrote in a memo distributed to employees Monday.

Halliburton generates almost half its sales from the U.S. and Canada, the world's largest market for the well completion technique known as hydraulic fracturing.

With oil proces down by more than half since June 2014, Halliburton's customers have had to reduce spending by more than a third in North America. Although more than 1,000 North American rigs have been idled over the past year, more are expected to lose work by the end of the year.

oilandgaseurasia.com

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More: 

OILFIELD SERVICES: 36% DECLINE 

HALLIBURTON CUTS 9,000 JOBS 

HALLIBURTON & BAKER HUGHES MERGER 

HALLIBURTON WILL ELIMINATE 5,000 JOBS 

HALLIBURTON: TO LAY OFF 1000 

HALLIBURTON & BAKER HUGHES DEAL

 

Tags: HALLIBURTON, OIL, PRICES
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OIL PRICE: ABOVE $55 YET

HALLIBURTON CUTS 2,000 JOBS September, 20, 09:00:00

GAS PRICES UP TO $3.146

HALLIBURTON CUTS 2,000 JOBS September, 20, 08:55:00

ЦЕНА URALS: $51,81591

HALLIBURTON CUTS 2,000 JOBS September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

HALLIBURTON CUTS 2,000 JOBS September, 20, 08:45:00

RENEWABLE'S FUTURE

HALLIBURTON CUTS 2,000 JOBS September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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HALLIBURTON CUTS 2,000 JOBS
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

HALLIBURTON CUTS 2,000 JOBS
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

HALLIBURTON CUTS 2,000 JOBS
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

HALLIBURTON CUTS 2,000 JOBS
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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