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 Home > Halliburton Press Release > 2007  
Halliburton Press Releases
14th May, 2007
HALLIBURTON ACQUIRES VECTOR MAGNETICS' ACTIVE RANGING TECHNOLOGY, EXPANDING ABILITY TO EXPLOIT HEAVY OIL RESERVES
2007 Press Releases FOR IMMEDIATE RELEASE: May 14, 2007 HALLIBURTON ACQUIRES VECTOR MAGNETICS' ACTIVE RANGING TECHNOLOGY, EXPANDING ABILITY TO EXPLOIT HEAVY OIL RESERVES HOUSTON, Texas  – Halliburton’s (NYSE:HAL) Drilling and Formation Evaluation Division has acquired the intellectual property, assets and existing business associated with Vector Magnetics LLC’s active ranging technology for Steam Assisted Gravity Drainage (SAGD) applications.  “Halliburton’s Sperry Drilling Services unit has been the leader in the drilling and placement of parallel wellbores in SAGD applications for many years,” said Brady Murphy, vice president of Sperry Drilling Services, “and the addition of this premier ranging technology is in line with our strategy to expand our unconventional reserves capabilities ...
11th May, 2007
HALLIBURTON OPENS TRAINING CENTER IN TYUMEN, RUSSIA
2007 Press Releases FOR IMMEDIATE RELEASE: May 11, 2007 HALLIBURTON OPENS TRAINING CENTER IN TYUMEN, RUSSIA HOUSTON, Texas  – Halliburton (NYSE: HAL) today announced the official opening of a new training center in Tyumen, Russia, in cooperation with the Tyumen State Oil and Gas University ...
1st May, 2007
HALLIBURTON'S SUBSURFACE CONTROL VALVE PROVIDES OPERATORS SIGNIFICANT ABANDONMENT EFFICIENCIES IN PREPARATION FOR ACTIVE HURRICANE SEASON
2007 Press Releases FOR IMMEDIATE RELEASE: May 1, 2007 HALLIBURTON'S SUBSURFACE CONTROL VALVE PROVIDES OPERATORS SIGNIFICANT ABANDONMENT EFFICIENCIES IN PREPARATION FOR ACTIVE HURRICANE SEASON System uses million-pound hang-off capacity, reducing risk to personnel and significantly saving rig-time cost before and after storm abandonment. HOUSTON, Texas – Halliburton’s (NYSE: HAL) Subsurface Control Valve III (SSC III) is the only subsurface safety valve in the industry that will allow up to a million pounds of drill string to hang off it, thus providing operators with the safe, efficient, and cost-effective means to secure the rig and evacuate personnel when the threat of a hurricane arises. “In deepwater areas, there are two main issues to consider in the process of storm abandonment – safety and cost, and cost is directly related to time,” said Jerry Wauters, vice president within Halliburton’s Production Optimization Division.  “Increasing safety and creating time efficiencies are core to the design of the SSC III valve.” Securing the rig can involve having to undo days of work because the downhole string weight has to be reduced, which involves tripping drill pipe and wasting precious rig time.  In deepwater where rig spread rates can average more than $800,000 per day, the cost to secure a well when pulling the string can quickly reach nearly $1 million (USD).  Additionally, the high level of activity driven by the rush to get personnel to safety can create hazards. The SSC III valve allows operators to secure the string downhole with its million-pound hang-off capacity, thereby providing more efficient abandonment of the drilling rig.  Also, because the string is left in place, minimal effort is required to get back on line after the storm passes ...
30th April, 2007
HALLIBURTON'S FLUID SYSTEMS SOLUTION RECEIVES RECOGNITION FROM OTC'S NEW TECHNOLOGIES PROGRAM
2007 Press Releases FOR IMMEDIATE RELEASE: April 30, 2007 HALLIBURTON'S FLUID SYSTEMS SOLUTION RECEIVES RECOGNITION FROM OTC'S NEW TECHNOLOGIES PROGRAM HOUSTON, Texas - Baroid Fluid Services, a brand of Halliburton's (NYSE: HAL) Fluid Systems Division, has been recognized by the 2007 Offshore Technology Conference's Spotlight on New Technologies Program for its unique Honey Comb Base (HCB™) bulk cuttings storage system. After years of development and extensive testing, the first HCB system was successfully deployed offshore in the U.K ...
30th April, 2007
HALLIBURTON WINS THREE ENGINEERING ACHIEVEMENT AWARDS
2007 Press Releases FOR IMMEDIATE RELEASE: April 30, 2007 HALLIBURTON WINS THREE ENGINEERING ACHIEVEMENT AWARDS Company recognized for innovation, problem solving and potential to improve profitability, safety HOUSTON, Texas - Halliburton announced today that it has won three Hart's E&P meritorious engineering achievement awards ...
26th April, 2007
HALLIBURTON ENTERS INTO AGREEMENT TO ACQUIRE PSL ENERGY SERVICES LIMITED
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9th April, 2007
HALLIBURTON COMPLETES WORK IN IRAN
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5th April, 2007
HALLIBURTON COMPLETES SEPARATION OF KBR
2007 Press Releases FOR IMMEDIATE RELEASE: April 5, 2007 HALLIBURTON COMPLETES SEPARATION OF KBR Oilfield Services Company Announces Final Results of KBR Exchange Offer HOUSTON, Texas – Halliburton Company (NYSE: HAL) today announced that it has completed the final separation of KBR Inc ...
5th April, 2007
HALLIBURTON 2007 FIRST QUARTER CONFERENCE CALL
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3rd April, 2007
HALLIBURTON ANNOUNCES PRELIMINARY RESULTS OF KBR EXCHANGE OFFER AND PRELIMINARY PRORATION FACTOR
2007 Press Releases FOR IMMEDIATE RELEASE: April 3, 2007 HALLIBURTON ANNOUNCES PRELIMINARY RESULTS OF KBR EXCHANGE OFFER AND PRELIMINARY PRORATION FACTOR HOUSTON, Texas – Halliburton Company (NYSE: HAL) today announced that, based on preliminary results, the offer to its stockholders to exchange shares of Halliburton common stock for shares of KBR, Inc ...
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