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Tag Archives: Halliburton

Halliburton hiring in West Texas

Halliburton hiring in Permian, An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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Top Eagle Ford news stories: April 29 – May 6

Top Eagle Ford news stories: April 29 - May 6

Here’s a recap on the top Eagle Ford news stories from the past week. Energy producers continue to struggle with depressed oil prices and two oil majors abandoned plans for a merger as opposition from regulators mounted. 5. Exxon sees smallest profit in 16 years, Chevron posts loss DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the ...

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Energy explorers Halliburton and Baker Hughes abandon merger

WASHINGTON (AP) — Two companies crucial to the business of U.S. energy exploration, Halliburton and Baker Hughes, have abandoned their planned merger in the face of opposition by regulators who said it would hurt competition. Prospects for the merger, which was valued at nearly $35 billion when it was announced in 2014, seemed especially bleak after the Justice Department sued ...

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US stocks rise, shaking off tech slump, after Fed stands pat

US stocks rise, shaking off tech slump, after Fed stands pat

NEW YORK (AP) — U.S. stocks rose Wednesday after the Federal Reserve left its key interest rate unchanged, as investors expected. Energy companies climbed again as the price of oil came close to a six-month high. Technology stocks were battered following weak results from Apple and Twitter. Stocks opened mostly lower in muted early trading, but they moved higher after ...

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US stocks slip, oil hits highest price since November

US stocks slip, oil hits highest price since November

NEW YORK (AP) — U.S. stocks are slightly lower in Wednesday morning trading as tech stocks are hammered following weak results from Apple and Twitter. Energy companies continue to rise as the price of oil reached its highest price since November. KEEPING SCORE: The Dow Jones industrial average dipped 40 points, or 0.2 percent, to 17,950 as of 10:06 a.m. ...

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Top Eagle Ford news stories: April 15-22

Top Eagle Ford news stories: April 15-22

A deadly explosion devastated a Mexican community and low gasoline prices continue to cause problems in the Gulf states. Scroll down to recap this week’s top Eagle Ford news headlines. 5. ‘Hard choices’ in Texas as oil bust, costly lawsuits collide HOUMA, La. (AP) — It might sound strange, but the penny-pinching folks in Louisiana’s Oil Patch can’t wait for ...

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Federal suit to stop Halliburton, Baker Hughes deal

Federal suit to stop Halliburton, Baker Hughes deal

WASHINGTON (AP) — The Justice Department is suing to stop Halliburton from buying oilfield-services rival Baker Hughes, the latest effort by the Obama administration to block mergers that it believes enrich corporations but hurt consumers. The government argues that the $35 billion deal would lead to higher prices and less innovation in the business of helping energy companies drill for ...

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US to try to block Halliburton from buying rival

WASHINGTON (AP) — The U.S. Justice Department is expected to sue this week to stop Halliburton Co. from acquiring rival Baker Hughes Inc., according to a person familiar with the matter. The person spoke on condition of anonymity Tuesday because the lawsuit had not yet been announced. Representatives of Halliburton and Baker Hughes declined to comment. The $35 billion deal ...

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Top 5 Eagle Ford stories of the Week

Eagle Ford oil producers faced adversity in this week’s top headlines. As the Texas rig count tumbled, Anadarko opened a new crew camp in West Texas. In business, a consulting company helps producers save money as oil prices plummet. Check out more Eagle Ford headlines below. 5. Anadarko Wolf Camp opens in West Texas The first worker arrived at the new Anadarko Wolf Camp ...

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Energy sector movers, losers, and news: Investors cheer while employees mourn big layoffs

This week major companies including Whiting, Marathon, and Halliburton announced restructuring and layoffs that have caused stock prices to increase. Whiting Petroleum Corp. (NYSE: WLL) opened Friday Feb. 26 at $3.53 per share and is up 11 percent today, trading at $3.92 after closing at its low yesterday. Whiting announced plans to freeze new fracking and well completions effective April ...

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