MAERSK-AKER-HALLIBURTON ALLIANCE
OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.
The alliance involving high-performance jack ups aims at lower cost for Aker BP and increased profitability for Maersk Drilling and Halliburton.
Duration of the framework agreement is 5 years firm with the option to extend for another 5 years. It will be based on an integrated well delivery model with aligned incentives.
The new alliance focuses on increased efficiency, enabling standardization and simplification of processes to reduce the lead time from discovery to production.
Maersk Drilling has 24 drilling rigs, including drillships, deepwater semisubmersibles, and high-end jack ups.
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2017, August, 24, 13:40:00
TOTAL - MAERSK DEAL: $7.45 BLNFrench oil company Total agreed Monday to buy Danish conglomerate AP Moller-Maersk's oil business for $7.45 billion, in a deal that will strengthen its position in the North Sea.
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2017, October, 24, 22:27:00
HALLIBURTON NET INCOME $365 MLNHalliburton Company (NYSE:HAL) announced income from continuing operations of $365 million, or $0.42 per diluted share, for the third quarter of 2017.
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2017, February, 9, 18:35:00
MAERSK LOSS $1.9 BLNMaersk delivered an unsatisfactory loss of USD 1.9bn (profit of USD 925m) negatively impacted by post-tax impairments of USD 2.8bn (USD 2.6bn) primarily relating to Maersk Drilling of USD 1.4bn (USD 27m) and Maersk Supply Service of USD 1.2bn (USD 0m). In line with the latest guidance provided in November, the under lying profit came at USD 711m (USD 3.1bn).
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2016, October, 25, 18:35:00
HALLIBURTON NET LOSS $5.6 BLNTotal company revenue was flat at $3.8 billion, operating income was $128 million, and cash flow from operating activities for the third quarter was in excess of $1.0 billion. These results were driven primarily by increased utilization in North America, as well as effective global cost and working capital management.
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2016, August, 3, 18:35:00
MAERSK CUTTING U.S. JOBSMaersk Drilling will cut 122 jobs in the United States due to the early termination of a contract for deepwater rig Maersk Valiant
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2016, May, 3, 15:10:00
HALLIBURTON & BAKER HUGHES TERMINATION“While both companies expected the proposed merger to result in compelling benefits to shareholders, customers and other stakeholders, challenges in obtaining remaining regulatory approvals and general industry conditions that severely damaged deal economics led to the conclusion that termination is the best course of action,”
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2014, July, 9, 18:20:00
MAERSK WRITEDOWN BRAZIL $1.7 BLNMaersk plans $1.7 bn Brazil writedown, sells field stake
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2016, April, 8, 20:45:00
HALLIBURTON & BAKER HUGHES CONTESTHalliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) today announced that the companies intend to vigorously contest the U.S. Department of Justice's (DOJ) effort to block their pending merger.
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2014, October, 2, 19:40:00
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2014, September, 5, 17:50:00
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2014, August, 14, 18:05:00
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2014, April, 23, 18:54:00
BAKER HUGHES & AAKER SOLUTIONS: SUBSEA ALLIANCEBaker Hughes, Aker Solutions form subsea alliance |