Halliburton Company HAL has been awarded a key offshore drilling contract by Petróleo Brasileiro S.A. - Petrobras PBR, marking its largest service contract with the Brazilian energy giant. The contract, set to commence in 2025, includes integrated drilling services across multiple offshore fields for the development and exploration of wells for a period of three years, which will strengthen Halliburton’s presence in Brazil’s pre-salt and post-salt regions.
To optimize drilling operations, Halliburton, currently carrying a Zacks Rank #4 (Sell) will deploy its exclusive technologies like iCruise® intelligent rotary steerable system for accurate well placement and reduction of well time; LOGIX™ automation platform to improve consistency and performance in well construction; and EarthStar® ultra-deep resistivity service for positioning production boreholes. Additionally, the company will deploy BaraLogix® real-time service that will mitigate drilling fluid challenges through predictive analytics.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investors interested in the energy sector might look at some top-ranked stocks like SM Energy Company SM and Sunoco LP SUN.
Denver, CO-based SM Energy Company is an independent oil and gas company engaged in the exploration, exploitation, development, acquisition and production of natural gas and crude oil in North America. The Zacks Consensus Estimate for SM’s 2024 earnings indicates 15.11% year-over-year growth.
Dallas, TX-based Sunoco LP is a master limited partnership that deals with distribution of motor fuel to roughly 10,000 customers that include independent dealers, commercial customers, convenience stores as well as distributors. The Zacks Consensus Estimate for SUN’s 2024 earnings indicates 184.11% year-over-year growth.
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Halliburton Company (HAL) : Free Stock Analysis Report
Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report
Sunoco LP (SUN) : Free Stock Analysis Report
SM Energy Company (SM) : Free Stock Analysis Report
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