Halliburton Signs Framework Agreement for Umbilical-Less Tubing Hanger Installations
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) signed a framework agreement to provide umbilical-less tubing hanger installation and retrieval services using the Remote Operated Control System (ROCS) technology to Shell. The agreement follows a successful three-well technology phase in the Gulf of America that highlights ROCS's effectiveness in deepwater environments."This agreement signals a shift in deepwater operations," said Josh Sears, senior vice president, Halliburton Drilling and Evaluation division. "ROCS's speed, precision, and safety benefits offer operators a reliable, cost-effective alternative to conventional methods—one that positions the system for broader adoption throughout global rig fleets."ROCS is a compact, umbilical-less control system that replaces conventional hydraulic setups, which can reduce surface pressure risks and minimize personnel exposure. Deployed in the Norwegian Continental Shelf, West Africa, and the Gulf of America, ROCS set a recent glob
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- Halliburton Appoints Timothy A. Leach to Board of DirectorsBusiness Wire
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- Halliburton (NYSE:HAL) had its price target raised by analysts at Morgan Stanley from $26.00 to $30.00. They now have an "overweight" rating on the stock.MarketBeat
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- 10/21/25 - Beat
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- 12/2/25 - Form 8-K
- HAL's page on the SEC website