Latest news with #EarthStar3DX
Yahoo
5 days ago
- Business
- Yahoo
Halliburton secures five-year contract with Repsol Resources UK
Halliburton has been awarded a five-year contract by Repsol Resources UK to enhance the full well life cycle at Repsol's platform assets in the UK North Sea. Under the agreement, Halliburton will provide a comprehensive suite of services including subsurface technology, drilling, completion services and digital solutions. The partnership will see Halliburton delivering a rigless intervention framework designed to optimise well construction, production and intervention processes. This strategic approach is expected to maximise the efficiency of plug and abandonment (P&A) operations, an aspect of decommissioning efforts in the North Sea. Halliburton Europe vice-president Timothy Horsfall said: 'This collaboration between Halliburton and Repsol Resources UK marks a strategic milestone. The efforts to maximise the remaining potential of the UK North Sea align with our focus to provide safe and reliable P&A operations.' In May, Halliburton introduced EarthStar 3DX, a 3D horizontal look-ahead resistivity service. This technology marks an advancement in drilling, allowing operators to gain valuable geological insights up to 50ft ahead of the drill bit. The service is equipped with the industry's nearest-to-bit, ultra-deep resistivity sensor, enabling the early detection of formations and enhancing operational safety. Furthermore, in February, Halliburton and Sekal announced the deployment of an automated on-bottom drilling system for Equinor in the North Sea. This system combines Halliburton's LOGIX automation and remote operations with Sekal's Drilltronics solution and the rig automation control system. The integration of these technologies is aimed at optimising drilling parameters and improving the accuracy of well placement in real time. "Halliburton secures five-year contract with Repsol Resources UK" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Halliburton Introduces EarthStar 3DX for Advanced Reservoir Mapping
Halliburton Company (NYSE:HAL), a leading provider of products, services, and integrated solutions, has strengthened its edge on reservoir mapping technology in the oil and gas industry. On May 19, the company launched EarthStar 3DX, the industry's first 3D horizontal look-ahead resistivity service. An employee at their desk surrounded by financial documents and a laptop analyzing the stock market. The new reservoir mapping technology is designed to make it easy for operators to obtain geological insights into horizontal wells up to 50 feet. EarthStar 3DX's competitive edge stems from its ability to provide real-time data, allowing operators to identify hazards inside wells and make informed decisions. The ground-breaking technology will offer substantial advantages by enabling operators to modify healthy trajectories to reduce risk, enhance wellbore placement, and expand reservoir contact. The technology also provides early intervention measures to alleviate wellbore instability issues and promote safe and effective operations. The unveiling of the game-changing reservoir mapping technology comes against Halliburton's warning that tariffs could impact drilling activities in the oil industry. Many of the company's customers are evaluating their drilling activities and plans. Weak oil prices have exacerbated the situation, sending the stock down 24% year. The company has already warned that its earnings could take a hit of between 2 cents and 3 cents due to trade tensions. While we acknowledge the potential of Halliburton Company (NYSE:HAL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HAL and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Halliburton unveils EarthStar 3DX resistivity service
Halliburton has introduced EarthStar 3DX, a 3D horizontal look-ahead resistivity service, marking an advancement in drilling technology. This service allows operators to gain geological insights into horizontal wells up to 50ft ahead of the drill bit, enhancing decision-making and operational safety. The EarthStar 3DX service boasts the industry's nearest-to-bit, ultra-deep resistivity sensor, which facilitates the early detection of formations. This capability is a departure from traditional mapping technologies as it enables operators to foresee changes in the formation, optimise reservoir contact, maximise hydrocarbon recovery, and minimise unnecessary course corrections and premature exits from the wellbore, the company said. Halliburton Sperry Drilling vice-president Jim Collins said: 'EarthStar 3DX service is the latest example of Halliburton's leadership in reservoir mapping technology. True to our value proposition, we customise our subsurface and drilling solutions to maximise asset value for our customers. "By mapping geological variations before they are encountered, operators can adjust well trajectories to minimise risk, improve wellbore placement and increase reservoir contact.' In a separate development, Halliburton and its partner Rhino Resources delivered two exploration wells in Block 2914 within Petroleum Exploration Licence 85 offshore Namibia. Also, in February, Halliburton and Sekal deployed what they describe as the world's first automated on-bottom drilling system for Equinor in the North Sea. This system integrates Halliburton's LOGIX automation and remote operations with Sekal's Drilltronics solution and the rig's automation control system. The partnership is focused on optimising drilling parameters and enhancing the accuracy of well placement in real time. "Halliburton unveils EarthStar 3DX resistivity service" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19-05-2025
- Business
- Business Wire
Halliburton Launches EarthStar ® 3DX Horizontal look-ahead Resistivity Service to Unlock Reservoir Potential
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) launched EarthStar ® 3DX, the industry's first 3D horizontal look-ahead resistivity service. The technology provides operators with geological insights into horizontal wells up to 50 ft before penetration by the bit. "By mapping geological variations before they are encountered, operators can adjust well trajectories to minimize risk, improve wellbore placement, and increase reservoir contact," said Jim Collins, vice president, Sperry Drilling, Halliburton Share The capability to gather real-time data allows operators to identify hazards and make informed decisions. 'EarthStar 3DX service is the latest example of Halliburton's leadership in reservoir mapping technology,' said Jim Collins, vice president, Sperry Drilling, Halliburton. 'True to our value proposition, we customize our subsurface and drilling solutions to maximize asset value for our customers. By mapping geological variations before they are encountered, operators can adjust well trajectories to minimize risk, improve wellbore placement, and increase reservoir contact.' With the industry's closest-to-bit, ultra-deep resistivity sensor, the EarthStar 3DX look-ahead service enables earlier formation detection. Unlike conventional mapping technology, EarthStar 3DX service helps operators anticipate formation changes, optimize reservoir contact and hydrocarbon recovery, and reduce premature exits and unnecessary corrections. Early intervention mitigates wellbore instability challenges and facilitates safe and efficient operations for customers. Learn more about Halliburton logging while drilling, drilling technologies, and EarthStar 3DX service. About Halliburton Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at connect with us on LinkedIn, YouTube, Instagram, and Facebook.
