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Ecuador's Petroecuador faces arbitration claims from two contractors [Reuters]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Company Research Source: Reuters
contractors, the company said on Friday, adding that the processes would not affect crude output. Kamana Services and Servicios Petroleros Igapó separately presented claims stemming from disputes over services contracts signed with Petroecuador in 2016 to the Permanent Court of Arbitration, an international tribunal in The Hague, Petroecuador said in a statement. Kamana is a consortium including Houston-based Schlumberger NV (SLB.N) and Argentina's Tecpetrol SA, while Igapó includes U.S. oil services company Halliburton Co (HAL.N) . Petroecuador did not specify the nature of the disputes, and the two consortiums could not immediately be reached for comment. The proceedings will not affect the consortiums' commitments under the service contracts nor Ecuador's efforts to increase crude production from current levels of around 490,000 barrels per day (bpd), Petroecuador said in its statement. "Petroecuador, to the extent that it can, is assisting the Solicitor General with the de Show less Read more
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