Oilfield services company Halliburton will eliminate 5,000 more jobs – about 8 percent of its global workforce. Ongoing market conditions led to the decision, according to a statement by Halliburton. As oil prices hover near $30 per barrel, producers struggle to remain viable. Benchmark U.S. crude sold for $33.07 on Thursday. “We regret having to make this decision but unfortunately ...

HOUSTON — Hurt by falling oil prices, Halliburton reported a loss for its fourth quarter and said its revenue dropped 42 percent from a year ago. Houston-based Halliburton provides drilling services to oil and gas operators, which have been cutting their spending due to falling oil prices and demand. The company reported a loss of $28 million, or 3 cents ...

A sustained downturn led to thousands of layoffs this week as companies struggle to weather the prolonged energy market slump. Falling oil prices forced many producers to cut costs and streamline business. The International Energy Agency said oil prices may fall further this year due to low demand and an oversupply of crude. Schlumberger Schlumberger cut 10,000 jobs and reported ...

DALLAS — The latest on severe weather in parts of Texas (all times local): 7:50 a.m. Halliburton officials say no employees were at a chemical facility in the Texas Panhandle when the site was hit by a tornado. The National Weather Service says at least five tornadoes touched down in the area Monday night. A statement Tuesday says Halliburton’s district ...

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 ...

MELBOURNE – Australia’s antitrust regulator raised concerns on Friday about Halliburton Co’s proposed $35 billion buyout of rival Baker Hughes Inc , in another setback for a deal that has already hit competition snarls in the United States. Delaying its final ruling for a third time, the Australian Competition and Consumer Commision (ACCC) said joining the world’s No. 2 and ...

Oilfield services provider Baker Hughes Inc said it expects less drilling in the current quarter due to reduced customer spending but said it was seeing “stronger interest” in services that help increase oil and gas production. Baker Hughes, which is being acquired by larger rival Halliburton Inc, reported a net loss attributable to the company of $159 million, or 36 ...

HOUSTON — Halliburton Co. (HAL) on Monday reported a third-quarter loss of $54 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston-based company said it had a loss of 6 cents. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, were 31 cents per share. The results ...

In case you missed them, here are the top headlines from Bakken.com for the week of September 19th through the 25th. Enjoy! 5. Oil services firms face end-2016 order vacuum as clients axe projects LONDON – Peter Rose’s problem of uncertainty is typical for the oil and gas services industry at the moment. New orders have dried up and he ...

WILLISTON, N.D. (AP) — Houston-based oil field services company Halliburton has laid off some of its workers in the western North Dakota oil patch hub of Williston, though the company isn’t providing details. Halliburton in April suspended operations at its facility in Minot and transferred many of the jobs there to locations in Williston and Dickinson, citing “changing business needs ...