Halliburton Swings to Profit as Revenues Rise Almost 30 Pct

The U.S. oilfield services major Halliburton has bounced back in black in the second quarter, ended June 30, 2017, as it saw increased utilization in North America boosting its revenues by close to 30 per cent year-over-year, and some 16 per cent sequentially.

For the second quarter 2017, Halliburton reported operating income of $146 million, and cash flow from operating activities of $351 million.

The company booked quarterly profit of $28 million ($0.03 per share), compared with net loss of $3.2 billion, ($3,73 per share) in the year-ago quarter. Year-to-date loss amounted to $4 million against loss of 5.6 billion or $6.54 per share for the first six months in 2016.

Second-quarter revenue increased to $5 billion from $3.8 billion same time last year.

Sequentially, revenue increased by close to $700 million. Revenue in the first six months of 2017 was $9.2 billion up from the corresponding period in 2016 at $8 billion.

Subsea World News Staff

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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