Halliburton Sees Demand Pick Up as Oil Consumption Revives

SUGAR LAND--April 22, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Halliburton Company (NYSE:HAL) (Houston, Texas), the only full-service oilfield services company catering to the hydraulic fracturing industry, is enjoying a rebound in global oilfield activity. Last week, the International Energy Agency (IEA) predicted global oil demand and supply were set to rebalance in the second half of 2021, requiring producers to pump up to 2 million additional barrels per day to meet projected demand. Accordingly, Halliburton expects to see demand for its own services accelerate through the end of 2021. Industrial Info is tracking more than $1.7 billion worth of active projects involving Halliburton globally.

Within this article: Details on some of the highest-valued projects featuring Halliburton worldwide, including a major chemical plant in Saudi Arabia, a pair of gas-cavern projects in Uzbekistan, and offshore drilling in the U.K. North Sea.

Other companies featured: Neptune Energy, Fluor Corporation (NSYE:FLR)