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, November, 12, 12:00:00

TOTAL'S INVESTMENT TO ANGOLA: $16 BLN

THE LOCAL FRANCE - Angola and French oil giant Total formally launched a major new offshore oil project Saturday to aid the country's economy that plunged into crisis following oil price dips in 2014.

HALLIBURTON CUTS 6,000 JOBS
2018, November, 12, 11:55:00

CHINA, WESTINGHOUSE NUCLEAR

WNN - China's State Power Investment Corporation (SPIC) says it has signed a memorandum of understanding (MoU) for "global cooperation" in nuclear energy with Westinghouse Electric Company of the USA.

HALLIBURTON CUTS 6,000 JOBS
2018, November, 12, 11:50:00

SMALL BRITAIN'S NUCLEAR

WNN - Advanced Nuclear Technologies - otherwise known as small nuclear or small reactor technologies - encompass a wide range of nuclear reactor technologies under development, BEIS noted. "The common attributes that these technologies share is that they are smaller than conventional nuclear power station reactors and are designed so that much of the plant can be fabricated in a factory environment and transported to site, reducing construction risk and making them less capital-intensive," it said.

HALLIBURTON CUTS 6,000 JOBS
2018, November, 12, 11:45:00

POLAND, USA NUCLEAR

WNN - Poland and the USA have signed a Joint Declaration of Energy Security, which emphasises the expansion of their cooperation in a variety of areas, including civil nuclear energy. The document was signed in Warsaw yesterday by Polish Energy Minister Krzysztof Tchórzewski and US Secretary of Energy Rick Perry.

All Publications »