Energies Media
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
No Result
View All Result
Energies Media
No Result
View All Result

Halliburton Turns to Cloud-based Analytics and Digital Technologies as Oil Struggles to Rebound

by Energies Media Staff
July 21, 2020
in News, Oil and Gas News, Software, Technology
Halliburton turns to cloud-based analytics and digital technologies as oil struggles to rebound
Baker Hughes

AgTech: Satellite-based crop growth monitoring system

Oil Companies Cut Millions in Wrong Places as Clean Energy Reshapes Industry

Following Halliburton’s Q2 2020 earning call, where the company fully commits to its strategy of improving innovative customer solutions through digital technology and concentrating on international markets entering Q3; Effuah Alleyne, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her view:

“Halliburton has been hardest hit in its North and Latin American (LATAM) markets, which represented a 53 percent decline in revenue over Q1 – compared to the company’s international market, which only saw a 13 percent revenue decline. It is, therefore, no surprise that stabilization efforts focus outside those regions. While the U.S. and LATAM had reduced drilling activity and pressure pumping, internationally, Halliburton saw an uptick in completion tool sales and drilling activity in a number of countries such as China and Kuwait.

“Halliburton executives continue to work towards a target of US$1bn in cost reductions with 75 percent reached by end of Q2. The main linchpin in its strategy is offering operators cost savings through improved efficiencies offered by an investment in digital technologies. The company’s announcement of a five-year agreement with Microsoft and Accenture continues to double down on digital technology.

“Since drilling activity is down, operators are likely to turn their focus on improving completion and evaluation techniques. However, although Halliburton remains optimistic on its ability to adapt and rebound, the market remains uncertain. The company still has to contend with some very real factors, including the scalability and reproducibility of implementing digital solutions, adoption of solutions by clients and overall depressed opportunities in the market resulting from decreased global oil and gas demand. Halliburton may have mitigated haemorrhaging, but it is unclear whether that is enough in this ‘new normal’.”

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Drones
    September 8, 2025
    Revolutionizing Renewable Energy with Advanced Drone Technology
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
    July 31, 2025
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
Pipeline
Expo

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


Why Energy Companies Need a CX Revolution


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


Meeting Emergency Preparedness and Response Criteria


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act


Moving Energy Across Space and Time


Energies Media Interactive Crossword Puzzle – Summer 2025


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


ENERGIES Cartoon (Summer 2025)


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents


Letter from the Managing Editor (Summer 2025)


Bringing Safety Forward in Offshore Operations


NeverNude Coveralls: A Practical Solution for Everyday Dignity

E-Fuels
Expo
  • Terms
  • Privacy

© 2025 by Energies Media

No Result
View All Result
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise

© 2025 by Energies Media