On Aug. 1, a federal court in Rio de Janeiro gave Chevron and its partner, oil drilling firm Transocean, 30 days to suspend all its activity in Brazil.
Strong demand for offshore drilling helped the firm to boost the utilization rate of its fleet.
Higher demand for offshore drilling gives the firm better bargaining power with customers allowing it to realize better day rates on contracts.
The Edinburgh-based firm said drilling operations were taking place at its Sapele-1 well in the Douala Basin.
We believe that strong offshore drilling could help the firm boost its North American revenues and margins sequentially.
FORBES: Halliburton Earnings Preview: Offshore Growth In Focus
Shale gas resources in Lancashire could be worth billions of pounds, says the head of the energy firm test drilling for the resource.
They sunk tens of millions into his OGX Petroleo firm before it even started drilling for and discovering oil.
Consider that the White House has stood firm in support of the drilling moratorium on the Pacific coast and most of the Atlantic.
Business advisory firm Deloitte said the amount of drilling, as well as the number of oil and gas field deals on the UK Continental Shelf, levelled out in the first quarter of this year.
However we expect things to be much better on the offshore front this quarter as the firm has bagged new contracts in the region and firm oil prices have stimulated interest in offshore drilling.
FORBES: Halliburton Earnings Preview: Offshore Growth In Focus
For this quarter, we expect to see a marginally better performance from the firm, thanks to an increase in offshore drilling in the U.S. Gulf of Mexico and new contracts and price revisions in the international space.
FORBES: Halliburton Earnings Preview: Offshore Growth In Focus
Thomas Libous on Thursday released a 2008 document that states he ended his personal financial interest in a real estate firm before it speculated in land purchases to benefit from drilling now being debated in Albany.
Shares in the Edinburgh-based oil exploration firm Cairn Energy fell on Tuesday on negative news over its drilling operations in Greenland.
Additionally, the firm said is looking to possibly expand the Rimpi zone after successful exploration drilling.
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The oil exploration and production firm is to wait until summer 2014 before re-starting its controversial drilling efforts in Greenland waters.
The Edinburgh-based oil exploration and production firm is to wait until summer 2014 before re-starting its controversial drilling efforts in Greenland waters.
The firm said the device would be easy to manufacture, does not require drilling or piling into the seabed and would have a minimum environmental impact.
What this all means is that there is an incredible amount of excess drilling capacity in the system, waiting to come on line should the natural gas price firm up for any prolonged period of time.
FORBES: The Texas Shale Oil & Gas Revolution - Leading the Way to Enhanced Energy Security
Oil firm Dana Petroleum is bringing new wells into production in Egypt, after a successful drilling campaign.
Higher offshore and deepwater drilling activity is beneficial to Halliburton since services to deepwater rigs command better rates and also provide scope for the firm to offer integrated solutions to oil and gas companies.
FORBES: The Key Trends Driving Halliburton's $41 Stock Value
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