Halliburton Stock Price, News & Analysis

U.S. Well Services (Nasdaq: USWS) has filed a patent infringement lawsuit against Halliburton (NYSE: HAL) and Cimarex Energy (NYSE: XEC) in the U.S. District Court for the Western District of Texas. The complaint alleges infringement on multiple patents, particularly focusing on electric hydraulic fracturing technologies. U.S. Well Services holds a robust portfolio with 42 granted patents, 4 allowed, and 185 pending. CEO Joel Broussard emphasized the critical importance of defending their intellectual property to maintain a competitive edge in the hydraulic fracturing market.

Halliburton Company (NYSE: HAL) has signed an eight-year contract with the Norwegian Petroleum Directorate (NPD) to manage Diskos, Norway's national repository of oil and gas seismic, well, and production data. The project will utilize Diskos 2.0, built on DecisionSpace® 365 cloud services, enabling efficient data access and analysis. This collaborative effort aims to enhance reservoir recovery and exploration outcomes through machine learning and artificial intelligence, ultimately maximizing asset value in the region.

Halliburton Company (NYSE: HAL) has partnered with Optime Subsea to enhance its completion landing string services with innovative subsea technology. This global alliance will utilize Optime's Remotely Operated Controls System (ROCS) and Subsea Controls and Intervention Light System (SCILS) to improve operational efficiencies and safety risk mitigation in deepwater completions. The collaboration aims to deliver umbilical-less operations, providing a cost-efficient solution for customers while reducing the operational footprint and setup time.

Halliburton Company (NYSE: HAL) announced a breakthrough in the Permian Basin with its SmartFleet™ intelligent fracturing system, achieving real-time control of fracture placement on a multi-well pad. This system leverages automation and subsurface measurements, improving fracture performance and completion execution. Major enhancements include reduced fluid usage per stage, longer stage lengths, and a 20% improvement in uniform treatment placement compared to traditional methods. This innovation aims to optimize costs and performance, enhancing asset economics in the energy sector.

Halliburton Labs has opened applications for its accelerator program targeting early-stage clean energy firms, with the deadline set for April 23, 2021. The program aims to support technology entrepreneurs in energy generation, storage, and sustainability, providing resources like technical expertise and a global business network. Selected applicants will pitch for a place in the program during the Halliburton Labs Finalist Pitch Day on May 21, 2021, part of the Houston Tech Rodeo. Halliburton Labs offers a collaborative environment to advance cleaner, affordable energy solutions.

Halliburton Company (NYSE: HAL) will host a conference call on April 21, 2021, at 8:00 AM CT to discuss its Q1 2021 financial results. A press release detailing the earnings will be issued before the call. Investors can listen to the call via live webcast on the company’s website or dial in to participate. A replay will be available until April 28, 2021. Founded in 1919, Halliburton provides a wide range of products and services to the energy industry with operations in over 70 countries.

Halliburton Company (NYSE: HAL) has declared a first-quarter dividend of $0.045 per share, payable on March 24, 2021, to shareholders on record as of March 3, 2021. Additionally, the annual shareholders' meeting is scheduled for May 19, 2021, with a record date of March 22, 2021. Halliburton, established in 1919, is a leading provider of energy industry products and services, employing over 40,000 individuals across 70 countries.

Halliburton Company (NYSE: HAL) has appointed Bhavesh V. (Bob) Patel to its board of directors, effective February 17, 2021. Patel, currently the CEO of LyondellBasell, brings extensive experience in safety and operational excellence. His leadership at LyondellBasell involved significant expansions and acquisitions, particularly in Asia. This addition to the board is anticipated to enhance Halliburton's global operations and strategic growth. Patel's election by stockholders is scheduled for May 19, 2021.

Halliburton Labs has selected its inaugural group of companies, including Enexor BioEnergy, Momentum Technologies, and OCO Inc., to foster innovation in clean energy. These companies will leverage Halliburton's extensive business resources to enhance their offerings. Enexor focuses on transforming waste into renewable energy, Momentum specializes in recovering materials from lithium batteries, and OCO Inc. develops carbon-negative processes for producing zero-carbon chemicals. This initiative aims to address critical energy challenges and supports the participants' growth with operational expertise and access to global networks.