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2017-11-22 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJMaersk 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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Earlier:

MAERSK:

 

       

HALLIBURTON:

 

 TOTAL - MAERSK DEAL: $7.45 BLN
2017, August, 24, 13:40:00

TOTAL - MAERSK DEAL: $7.45 BLN

French 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.

 

         HALLIBURTON NET INCOME $365 MLN
2017, October, 24, 22:27:00

HALLIBURTON NET INCOME $365 MLN

Halliburton Company (NYSE:HAL) announced income from continuing operations of $365 million, or $0.42 per diluted share, for the third quarter of 2017.

 

 MAERSK LOSS $1.9 BLN
2017, February, 9, 18:35:00

MAERSK LOSS $1.9 BLN

Maersk 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). 

 

         HALLIBURTON NET LOSS $5.6 BLN
2016, October, 25, 18:35:00

HALLIBURTON NET LOSS $5.6 BLN

Total 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.

 

 MAERSK CUTTING U.S. JOBS
2016, August, 3, 18:35:00

MAERSK CUTTING U.S. JOBS

Maersk Drilling will cut 122 jobs in the United States due to the early termination of a contract for deepwater rig Maersk Valiant

 

 

 

 

 

         HALLIBURTON & BAKER HUGHES TERMINATION
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,”

 

 MAERSK WRITEDOWN BRAZIL $1.7 BLN
2014, July, 9, 18:20:00

MAERSK WRITEDOWN BRAZIL $1.7 BLN

Maersk plans $1.7 bn Brazil writedown, sells field stake 

 

 

 

 

         HALLIBURTON & BAKER HUGHES CONTEST
2016, April, 8, 20:45:00

HALLIBURTON & BAKER HUGHES CONTEST

Halliburton 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. 

 

 AKER:

         
 AKER SOLUTIONS HAS BEEN SPLIT
2014, October, 2, 19:40:00

AKER SOLUTIONS HAS BEEN SPLIT

Aker Solutions started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets.

 

         
 BAKER HUGHES & AKER SOLUTIONS ALLIANCE
2014, September, 5, 17:50:00

BAKER HUGHES & AKER SOLUTIONS ALLIANCE

Baker Hughes and Aker Solutions Receive Regulatory Approvals for Subsea Production Alliance

 

         
 AKER SOLUTIONS COULD MISS
2014, August, 14, 18:05:00

AKER SOLUTIONS COULD MISS

Norway Oil Services See Russia Sanctions Risking Arctic Push

 

         
 BAKER HUGHES & AAKER SOLUTIONS: SUBSEA ALLIANCE
2014, April, 23, 18:54:00

BAKER HUGHES & AAKER SOLUTIONS: SUBSEA ALLIANCE

Baker Hughes, Aker Solutions form subsea alliance

         
Tags: MAERSK, AKER, HALLIBURTON