They’ve had a consistently larger market cap and their stock has performed better than us. Anyone know why?
Topics regarding layoffs at Halliburton Co.
Has EVERYBODY been laid off, OR, have a select few been kept on to cannibalize the OLD, WORN OUT equipment, and use the best of the worst to make up a few 'new' fleets of somewhat 'fit for purpose' equipment for when things turn around. Or, did... — read more
Schlumberger on Friday posted a third-quarter loss and lower-than-expected revenue as weaker oil prices amid the ongoing coronavirus pandemic and hurricane disruptions continued to impact the oil-exploration sector. The Houston-based company posted a... — read more
What do you guys think will realistically happen to the large O&G service companies ( Halliburton, Schlumberger, NOV, etc.) in the next year or two? Do you think any of them will go bankrupt or be acquired by someone else or just trim way down and... — read more
I’ve heard rumors Exxon & Chevron are considering freezing their pension plans. You think HAL would do the same? Honestly when you look at some of the other companies would it even be a surprise? Exxon dumped the company match and we’re in rougher... — read more
read this in Yahoo finance today: "Cost-Reduction Efforts Bode Well:The company steadily impressed with its cost-saving measures. Halliburton’s capital expenditure continues to fall as the company reins in its spending levels. For 2020, the... — read more
This is a text book example of cooking the book. We all know who the cook is.
Any news from HCT Singapore or Arbroath UK
Been 3 months. Has all sh– talkers found a job yet or are they still posting b—s— in hopes of bankrupting halliburton with their superior intelect and predictions? Will check back in 6 months. See if you got a life yet or not. Good luck!
They’ve just opened the application for 2021 cohort. Thoughts? It’s a bit weird that no funding is given in exchange for the 5% equity diluted.
1) The disgruntled "green energy" guy who did not last long in oil/gas. He wants to scare you into thinking oil/gas is going away tomorrow because of electric cars charged by fossil fuels. 2) The disgruntled former Sperry guy who tries to scare... — read more
If you are in Sperry update your resume soon.
Its going to be quite a tough job for Jeff to cook the books this time.
Another Oil Major Sees Peak Oil Demand On The Horizon French energy giant Total SE (formerly Total S.A.) spread more doom and gloom into the oil markets today, foretelling of the oil industry's ultimate horror—peak oil demand. In its Energy... — read more
Did YOU consider GIVING Schlumberger a $3 BILLION up-front payment to Schlumberger when they were looking for a buyer for their frac fleet?
And IF Jeff announces a 'profit', how were the books manipulated to show it?
A lot of rumors floating around at North Belt about more lay offs in October. Any body has more info?
Anyone who thinks oil and gas is going to be as strong in the future as it was in the past is a fool. https://arstechnica.com/cars/2020/09/by-2035-new-trucks-and-cars-sold-in-california-must-be-emissions-free/
Frac is dead but we're going to start copying the new industry leader while downplaying e-frac on every conference call? I guess that's the RED way! Power Generator/Electrical Specialist I-II Date: Sep 23, 2020 Location: Odessa, TX, US... — read more
Pioneer is a great company. I spent a decade there and I truly enjoyed it. Let's be honest though. Part of the success the company had was through pure dumb luck and the shale revolution. Just happened to be in the right assets at the right time... — read more
‘Fracking’ Used to Be the Future of Oil Drilling. This Company Is Betting It’s Not Dead Yet. The rise of hydraulic fracturing, or fracking, is one of the most important technological breakthroughs of the past decade, turning the United States into... — read more
Sperry software should move to Singapore to make it more efficient. The team here is completely useless. their code is inefficient, and the team is just plain lazy.
Get ready, Halliburton is going for a record 365 days in a row of keeping folks on the wire. I’d say the only safe regions are UK, and Singapore.
Charleston aims to force fossil fuel companies to pay $2bn to combat climate crisis A trove of internal documents show oil companies knew from at least the 1960s that burning oil and other fossil fuels would cause the global temperature to rise... — read more
Are these rum ours true ? New directors?
From the Energy Section of The Denver Post After laying off hundreds, Liberty Oilfield Services is rehiring and acquiring another business https://www.denverpost.com/2020/09/12/liberty-oilfield-services-optimistic/ Wonder how much Jeff has... — read more
What is the future of Big Oil without oil? At the extreme of this approach are the pathways sketched out by BP and Italian oil group Eni SpA. These companies claim that in the next decade they will come to resemble a cross between a slimmer version... — read more
(Bloomberg) – BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus... — read more
Surplus equipment. I can remember in the mid to late 2000's, or maybe it was even earlier, when they brought hundreds of trucks and trailers (NO pumping equipment though) to Ritchie Brothers in Ft. Worth.
Its amazing how much this group has changed. We have more Indian contractors than ever before. This is as bad as landmark. For each Indian contractor doing work for this group there are 20 more contractors India helping him out. What do you... — read more
I thought that the work was being pulled back to the U.S not closing down plants !
1st stages of negotiation to begin. Is it possible?
Are there any more camps scheduled to close this year
According to the article below Baker is downsizing its oil and Gas Services in favor of renewable energy. Shell,BP ar doing the same. Sperry provide MWD services. What are they going to do? In my opinion Sperry should be soldlike sc-ap metal. ... — read more