Halliburton sees North American profits return

摘要

Houston—Giant oil services provider Halliburton returned to profitability in North America during the third quarter for the first time in seven quarters owing to that region’s improving activity, the company said Wednesday, but warned oil prices need to remain above $50/b for more significant E&P activity. A nearly two-year industry downturn has seen operators streamline operations and reduce costs to a point where some, mostly smaller, companies felt they could afford to pick up activity in recent months.