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The steps are intended to strengthen the company's competitive position, financial performance and shareholder returns.
In connection with the termination of the merger agreement, Halliburton will pay Baker Hughes the termination fee of $3.5 billion by May 4
The oil giant says its cash flow reflects the durability of the integrated business in a difficult environment.
Tests beyond those required for OEMs make recycled parts a viable option.
Collaboration and improved data collection and use will drive the industry's future.
This technology's growth is likely to continue as the industry strives to maximize production from mature and unconventional reservoirs through deeper deviated wells with longer laterals.
Adding an electric motor and eliminating a mechanically actuated arm lead to a more reliable system.
Hydraulic fracturing is by far the most common technique used to break up the rock, and several strategies to create a hydraulic fracture network along the lateral have been developed throughout the years.
Drilled but uncompleted wells will be key to industry success going forward.
Attend for in-depth training on artificial lift.
This technology can ensure that oil field operations use only the energy they need.
Horizontal recompletions provide the avenue to attractive economics, even in this depressed commodity price environment.
Predictions from the companies and other industry experts
These mechanical seals are being installed on compressors at the Tupi 4 floating production 
site in the Lula field in the Atlantic Ocean, southeast of Rio 
de Janeiro.
The biocidal action of UV light is complemented by a small amount of peracetic acid (PAA) for residual disinfection.
Surveillance and precision control optimizes well performance.
One seal material formulation cannot cope with all the different environments of the oil and gas industry.
Automation and real-time analysis can improve personnel safety and reduce costs.
New technology puts produced natural gas to use and lowers noise pollution at wellsites.