rss icon Subscribe
desktop mobile

Halliburton Sees 10%-plus Price Rise This Year

Posted by Eric Haun

Halliburton Co believes it can raise prices more than 10 percent this year, executives of the No. 2 oilfield service provider said on Thursday.
While that increase will be more many customers would like, Halliburton said it needs to charge more if it its to provide the services needed fuel the industry's nascent recovery,
"Pricing momentum continues to move in a positive manner," Jeff Miller, who will become the company's chief executive next month, said in an interview. "Customer urgency is the most-important part of that discussion today."
Prices for pressure pumping and other services won't jump, though, as in the last industry boom, outgoing CEO Dave Lesar added.
"We and our customers have to co-exist in this environment," said Lesar, who will remain executive chairman. "Everybody has got to make money."
Halliburton announced the leadership transition on Wednesday night.


(Reporting by Ernest Scheyder; Editing by David Gregorio)

May 18, 2017

 

Energy

DNV GL Launches LNG Fuel Finder

Image: DNV GL

Just in time for Nor-Shipping, DNV GL will launch the LNG Fuel Finder - a new tool on its LNG

IMO Workshops on Fouling

Biofouling – the build-up of aquatic organisms on a ship’s underwater hull and structures – was again on the agenda at the latest in a series of International Maritime

EU Hopes Closer to Talks with Russia on Nord Stream Pipeline

A top European Commission official said on Friday European Union members would be asked within days to give the bloc's executive a mandate to negotiate with Russia over the Nord

Finance

ICTSI Terminates Nigeria Port Project

Photo: International Container Terminal Services

International Container Terminal Services (ICTSI) subsidiary Lekki International Container

Marseille Fos to Cut Dues for Eco-friendly Ships

File photo: Marseille Fos

Marseille Fos has joined the World Ports Climate Initiative (WPCI) and is now set to reduce port

US Drillers Add Oil Rigs in a Record Streak but Pace Slows

© Natalia Bratslavsky / Adobe Stock

U.S. energy firms added oil rigs for a record 19 weeks in a row as expectations of higher crude

Maritime Apps