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Halliburton and Siguler Guff Announce Joint Venture for Emissions Management Software
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Halliburton (HAL) and Siguler Guff Announce Joint Venture for Emissions Management Software
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Halliburton (HAL) to Back KOC Digital Transformation Strategy Zacks.com 2/4/2021
Halliburton Company HAL announced that it has been accorded a contract by Kuwait Oil Company (“KOC”) to participate in the latter’s North Kuwait Project for their digital transformation by maintaining and developing digital solutions.
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KOC s activities involve the exploration, drilling and production of oil and gas within Kuwait. The company’s responsibilities also include the storage and delivery of crude oil to tankers for export.
The collaboration would enable KOC to boost its data-to-decisions cycle. Notably, this will take place by developing and implementing digital twins of the field by availing Halliburton’s DecisionSpace 365, which is a cloud-based subscription service for E&P applications, to automate the working method. Based on open architecture, the cloud-based subscription service will assist the KOC experts to model, optimize and utilize insightful workin
Press release content from Business Wire. The AP news staff was not involved in its creation.
Halliburton Announces Fourth Quarter 2020 Results
January 19, 2021 GMT
HOUSTON (BUSINESS WIRE) Jan 19, 2021
Halliburton Company (NYSE: HAL) announced today a net loss of $235 million, or $0.27 per diluted share, for the fourth quarter of 2020. This compares to a net loss for the third quarter of 2020 of $17 million, or $0.02 per diluted share. Adjusted net income for the fourth quarter of 2020, excluding impairments and other charges, was $160 million, or $0.18 per diluted share. This compares to adjusted net income for the third quarter of 2020, excluding severance and other charges, of $100 million, or $0.11 per diluted share. Halliburton’s total revenue in the fourth quarter of 2020 was $3.2 billion, a 9% increase from revenue of $3.0 billion in the third quarter of 2020. Reported operating loss was $96 million in the fourth quarter of 2020 compared to reported operating income of