Join us on April 30th for our 2025 Global Food & Beverage Project Spending Outlook! RSVP Today!
Sales & Support: +1 800 762 3361
Member Resources
Halliburton Slashes Capital Spending, Many Jobs as Global Pricing Weakness Pervades in Third-Quarter 2015

SUGAR LAND--October 20, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Few industry observers will be surprised to learn that weak commodity prices continue to put Halliburton Company's (NYSE:HAL) (Houston, Texas) numbers in the red, as a decline in North American drilling, logging and completion services led a global reduction in activity. The company eliminated 4,000 jobs worldwide during the quarter, including 2,000 in the past month. Industrial Info is tracking $5.63 billion in projects involving Halliburton. Within this article: Details on Halliburton's quarter and projects, including the expansion of a crude oil production field in Iraq, and its pending acquisition of Baker Hughes Incorporated (NYSE:BHI). Other companies featured: Eni SpA (NYSE:E), Statoil ASA (NYSE:STO)

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)

IIR Logo Globe

Site-wide Scheduled Maintenance for April 12, 2025, between 9 A.M. - 9 P.M. CST. During this time, all services will be unavailable periodically throughout the scheduled maintenance window.

×
×
Contact Us

For More Info!