Halliburton

The world's two largest oilfield service outfits are riding a wave a renewed upstream spending while Baker Hughes posted its second straight quarterly loss.

Second-quarter earnings for the three biggest oilfield service companies arrived with some new takes on where the market is headed.

Oil companies would have to pay a premium for the hardware and services needed for rapid expansion. But is that likely?

In addition to manufacturing, the facility allows the company to expand its specialty chemicals research and applications for oilfield stimulation and production and better serve the region’s industrial water and process treatment markets.

The leading oilfield services firms say a multiyear upcycle is driving improved pricing and technology uptake.

The failure of the Raptor rig to drill its first-ever well offers a short history of the challenges that came with creating the first automated drilling rig.

The buzz about the future of automated drilling and it becoming reality depends on improvements in downhole data gathering now. Halliburton is working on it.

The deal represents what will become the second deployment of an all-electric fracturing fleet built by Halliburton and with power supplied by VoltaGrid's microgrid technology.

E&P independent Energean has awarded Halliburton a contract to provide services for drilling up to five wells offshore Israel in collaboration with Stena Drilling.

Halliburton and Baker Hughes both forecast moderate growth in their latest quarterly earnings reports.