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Tag Archives: Halliburton

Halliburton hiring in West Texas

Halliburton hiring in Permian, An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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US stocks slip, oil hits highest price since November

US stocks slip, oil hits highest price since November

NEW YORK (AP) — U.S. stocks are slightly lower in Wednesday morning trading as tech stocks are hammered following weak results from Apple and Twitter. Energy companies continue to rise as the price of oil reached its highest price since November. KEEPING SCORE: The Dow Jones industrial average dipped 40 points, or 0.2 percent, to 17,950 as of 10:06 a.m. ...

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Federal suit to stop Halliburton, Baker Hughes deal

Federal suit to stop Halliburton, Baker Hughes deal

WASHINGTON (AP) — The Justice Department on Wednesday sued to stop Halliburton Co. from acquiring oilfield services rival Baker Hughes Inc., saying the deal would harm consumers and eliminate head-to-head competition. The proposed transaction, valued at nearly $35 billion, would combine two of the world’s three leading providers of those services to oil and gas companies and create a bigger ...

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Energy sector movers, losers, and news: Investors cheer while employees mourn big layoffs

Investors cheer while employees mourn big layoffs

This week major companies including Whiting, Marathon, and Halliburton announced restructuring and layoffs that have caused stock prices to increase. Whiting Petroleum Corp. (NYSE: WLL) opened Friday Feb. 26 at $3.53 per share and is up 11 percent today, trading at $3.92 after closing at its low yesterday. Whiting announced plans to freeze new fracking and well completions effective April ...

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Halliburton lays off employees in Duncan

DUNCAN — Several former employees of Halliburton showed up to the Duncan branch of Oklahoma Employment Security Commission Thursday claiming the company had laid them off. OESC Center Manager Chris Moore said as of 10:45 a.m. Thursday about 30 people who said they were laid off from Halliburton had filed paperwork at his office. “There were already several people waiting ...

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Halliburton revenue misses on weak drilling in North America

Halliburton Co <HAL.N>, the world’s No.2 oilfield services provider, reported a bigger-than-expected 36 percent drop in quarterly revenue, hurt by weak drilling and pricing in North America. Halliburton and bigger rival Schlumberger Ltd’s <SLB.N> disappointing results highlight the struggles of the oil and gas industry, which is seeing little hope of a rebound in crude oil prices The outlook for ...

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Halliburton to reduce its Artesia workforce

Layoffs have been announced at the Artesia location of Halliburton Co., due to current business conditions in the oil industry. William Fitzgerald, a Halliburton spokesman, said in an email that the company does not drill in Eddy County, but they do have two locations in Artesia. “Halliburton will continue to monitor the business environment and will adjust the size of ...

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Halliburton in Farmington lays off undisclosed number of employees

FARMINGTON — An undisclosed number of employees at the Farmington Halliburton Co. facility on East Main Avenue were laid off by the company this week. Company spokesman William Fitzgerald confirmed the terminations in an emailed statement on Thursday. “Halliburton has made adjustments to its workforce in Farmington based on current business conditions,” Fitzgerald said in the email. “Halliburton will continue ...

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Top 5 Haynesville stories of the week

5. U.S. emergency oil reserve tempts Congress at the wrong time U.S. lawmakers on both sides of the aisle figured this month they had hit on a clever way to fund everything from new drug programs to highway maintenance: sell off part of America’s strategic oil reserves, a supply cushion that no longer needs to be so large. Read the full ...

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Halliburton secures $500 million to fund drilling in old wells

Halliburton Co <HAL.N> said it had tapped BlackRock Inc <BLK.N> for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells. The world’s No.2 oilfield services provider, which is buying No.3 Baker Hughes Inc <BHI.N> to cope ...

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