Halliburton stated it was awarded a contract to ship complete effectively stimulation companies to ConocoPhillips Skandinavia AS to enhance effectively efficiency and reservoir productiveness.
The contract spans 5 years and contains three non-obligatory extension intervals, Halliburton stated in a information launch.
Monetary phrases of the contract weren’t disclosed.
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Below the settlement, Tidewater’s vessel, North Pomor, might be remodeled into a complicated stimulation vessel designed to effectively ship offshore effectively stimulation companies within the North Sea. The enhancements will embody Octiv digital fracturing companies “to maximise stimulation tools efficiency and operational effectivity,” Halliburton stated.
“We’re happy to strengthen our longstanding relationship with ConocoPhillips by way of this essential award,” Mark Dawson, senior vice chairman of Halliburton’s completion and manufacturing division, stated. “This contract win enhances our in depth expertise in effectively stimulation and highlights how we execute globally. The mixture of our newest expertise and our give attention to automation and security is how we maximize worth for our prospects”.
In Halliburton’s most up-to-date earnings launch, the corporate reported income from its Completion and Manufacturing division of $3.2 billion for the second quarter, a rise of $51 million, or 2 p.c 12 months over 12 months. Working earnings for the division was $513 million, a lower of $18 million, or 3 p.c, when in comparison with the primary quarter of 2025.
Income elevated as a consequence of improved stress pumping companies and better completion software gross sales within the Western Hemisphere, improved effectively intervention companies internationally, and elevated pipeline and course of companies within the Jap Hemisphere, the corporate stated.
Halliburton famous that the will increase had been offset by decrease exercise throughout a number of product service strains within the Center East and decrease synthetic elevate exercise in US Land. The decline in working earnings was primarily pushed by decrease pricing for stimulation companies in US Land.
For Halliburton’s Drilling and Analysis division, second-quarter income was $2.3 billion, a rise of $42 million, or 2 p.c 12 months over 12 months. The division’s working earnings was $312 million, a lower of $40 million, or 11 p.c, when in comparison with the primary quarter of 2025.
Halliburton stated income elevated as a consequence of elevated drilling-related companies globally, which was offset by decreased software program gross sales globally, decrease wireline exercise and decreased testing companies within the Center East/Asia, and decrease exercise throughout a number of product service strains in Namibia. Working earnings decreased as a consequence of seasonal roll-off of software program gross sales and elevated startup and mobilization prices incurred throughout a number of product service strains, in line with the corporate.
Earlier within the month, Halliburton was awarded a contract to supply completions and downhole monitoring companies for the Northern Endurance Partnership (NEP) carbon seize and storage (CCS) system in northeast England’s East Coast Cluster (ECC).
Halliburton will manufacture and ship nearly all of the tools required for the undertaking from its U.Ok. completion manufacturing facility in Arbroath, the corporate stated in an earlier assertion.
The NEP infrastructure features a carbon dioxide (CO2) gathering community and onshore compression amenities, in addition to a 91-mile (145-kilometer) offshore pipeline, and subsea injection and monitoring techniques for the Endurance saline aquifer, positioned round 3281 toes (1000 meters) beneath the seabed. The infrastructure will transport and completely retailer as much as an preliminary 4 million metric tons of CO2, in line with the discharge. Operations are anticipated to start out in 2028.
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