Halliburton loss deepens as oil and gas pricing pressure continues
Published: Wednesday, 20 July 2016
Major oilfield services provider Halliburton attributed its net loss to declining prices and activity in oil and gas, a major industrial mineral-consuming sector. However, the company noted the recent uptick in rig count, indicating operator confidence in stabilising commodity prices.
US-based Halliburton Inc., the second largest provider of
oilfield services, has reported a loss of $3bn from continuing
operations for the second quarter of 2016 as lower activity and
pricing pressure continues in the global oil and gas
The loss represents a sequential decline of 33%, with the