Halliburton

As part of the deal, Pertamina is moving all of its petrotechnical applications to the iEnergy cloud service, which is run by Halliburton arm Landmark.

The two oilfield service leaders serve as critical bellwethers for the health of North America’s upstream sector, which is under pressure to consolidate and generate free cash flow.

The two largest oilfield services firms grapple with a worsening North American land market.

Partnerships with big tech, tech startups, and innovative service companies—and the merging of their data, cloud, and software applications—are proving essential for operators in the scaling phase of digital deployment. Equinor, Microsoft, and Halliburton are among those joining forces.

The E&P sector has maintained a strong focus on capital discipline during its recovery from the 2014 oil price downturn, as investors look for companies to generate free cash flow to help pay down debt. How will this focus affect sector growth in the near term?

A comeback in offshore and international exploration and production is making up for the North American slowdown, but it is a difficult transition.

Kuwait Oil Co. signed a $597-million offshore drilling services contract with Halliburton for six high-pressure/high-temperature exploration wells on two jackup rigs in the Arabian Gulf.

New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.

The three largest service companies are optimistic about the rest of 2019.

Halliburton broke ground in Saudi Arabia for the first oilfield chemical manufacturing reaction plant in the Kingdom.