The Repsol-NEO statement added, “Aligned with market standards in the UKCS, Repsol E&P will retain a [decommissioning] funding commitment up to a nominal amount of $1.8 billion, representing approximately 40 percent of the decom liabilities related to its legacy assets. Repsol E&P will continue to provide decommissioning security for existing Repsol E&P legacy assets”.
Halliburton Co., the world’s largest provider of hydraulic fracturing services, fell sharply after warning investors that tariffs will impact a wide swath of the company’s business units.
The dominant North American oil field services provider told investors Tuesday on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second quarter, with 60% of the hit affecting its completions-and-production unit, which houses the fracing business. The rest of the tariffs impact will be to its drilling and evaluation segment.
Halliburton said that the initial rollout of this service led to a 17 percent increase in stage efficiency. Based on the result, Coterra deployed the Octiv Auto Frac service to its remaining completion programs that Halliburton executes in the Permian Basin.
Halliburton has launched its Intelli suite of diagnostic well intervention wireline logging services. This suite of services is designed to facilitate customer collaboration, improve well insights to enable increased production, help extend asset life and reduce total cost of operations.
Halliburton will expand its presence in Namibia with new oilfield and support services facilities at four locations, including the country’s main ports, the company announced on Wednesday.
Halliburton has been awarded a contract by Petrobras to provide well intervention and plug and abandonment services in wells offshore Brazil, the oilfield services company announced on Thursday.
SLB and Halliburton Co., two of the world’s biggest oil field service providers, said they see strong international demand for crude drilling after posting earnings that met or beat forecasts, supporting their shift into overseas markets.
According to the African Energy Chamber, Halliburton is inviting eligible local companies to submit an Expression of Interest (EOI) for the supply of goods and services across the oil and gas industry. With various categories available, the EOI aims to assess local interests and capabilities, connecting players to oil and gas projects. Following submissions, a competitive bidding process will lead to the selection of preferred and alternative suppliers.
U.S. oilfield services company Halliburton Co. has announced that it will partner with the Libra Consortium, led by Petrobras, to develop a digital twin for the Mero pre-salt field system in Brazil.
A digital twin spans the lifecycle of the actual system, or object it represents, uses simulation, machine learning and reasoning to help decision making and is updated using real-time data.
Other than creating a single, secure repository for all asset documentation, digital twins can have a positive impact on the operational efficiency, cost, reliability and agility of oil and gas companies.
Halliburton Company and Sekal AS have announced an agreement to jointly provide leading well construction automation solutions as part of a longer-term strategy to deliver fully automated drilling operations. Under the agreement, Halliburton and Sekal are collaborating on several technologies and services that incorporate Halliburton digitally integrated well construction solutions and the Sekal DrillTronics automation platform. In addition, both parties’ remote operations centers will provide expertise and support to these offerings.