Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-04-24 12:25:00

HALLIBURTON CUTS 6,000 JOBS

HALLIBURTON CUTS 6,000 JOBS

Halliburton Co. said Friday that it cut more than 6,000 jobs in the first quarter, continuing a purge at the oilfield-services company that has reduced its workforce by one-third since late 2014.

The company revenue in the first quarter fell to $4.2 billion, a 40 per cent decline from the first quarter of 2015. That's in line with the average analyst estimate of $4.2 billion, according to FactSet.

Halliburton has been slammed by the slowdown in drilling since oil prices began falling in mid-2014. It is more concentrated in North America than rival Schlumberger Ltd., and that has hurt it.

Houston-based Halliburton expects industry spending on drilling and production in North America to drop 50 per cent this year after a 40 per cent decline last year.

The CEO said he was bracing for a lag before drilling activity picks up. And even then, his company will be under pressure to control costs.

"Even when operators feel better about the markets, they will still face issues of balance sheet repair and we believe they will be cautious in adding rigs back" and at lower production costs, Dave Lesar said.

Halliburton said that it will take a $2.1 billion after-tax restructuring charge in the first quarter for severance costs and writing down the value of assets.

The company also delayed its conference call with Wall Street analysts until May 3. It had been scheduled for Monday.

Halliburton faces a key deadline on April 30. That's when either side can walk away from Halliburton's proposed $35 billion acquisition of Houston rival Baker Hughes Inc.

The Justice Department sued this month to block the deal, saying it would hurt competition and drive up prices for consumers. Halliburton could owe Baker Hughes a $3.5 billion breakup fee if the deal falls through.

boereport.com

-----

More: 

HALLIBURTON & BAKER HUGHES CONTEST 

HALLIBURTON CUTS 5,000 JOBS 

HALLIBURTON NET LOSS $671 MLN 

HALLIBURTON & BAKER HUGHES PROBLEMS: $35 BLN 

HALLIBURTON NET INCOME $(643) MLN

 

 

Tags: HALLIBURTON, OIL, GAS, PRICES

Chronicle:

HALLIBURTON CUTS 6,000 JOBS
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

HALLIBURTON CUTS 6,000 JOBS
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

HALLIBURTON CUTS 6,000 JOBS
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

HALLIBURTON CUTS 6,000 JOBS
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »