Halliburton, Schlumberger report rising US fracking activity

Published: Tuesday, 24 October 2017

Halliburton reports a profit rise in the third quarter 2017, attributed to the US fracking boom boosting demand, while Schlumberger experiences falling profits

Data from both companies continues to paint a picture of rising US activity, while business elsewhere remains sluggish, reflecting the fact that the US fracking sector is still the only bright spot in an otherwise moribund industry. 

Data from Baker Hughes shows rig counts in the...

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