Halliburton shares rose 2.5% to $35.27 after the company secured major integrated well construction contracts from TotalEnergies for the GranMorgu deepwater development offshore Suriname. The long-term agreement covers drilling and completions services, with Halliburton deploying a fully integrated digital and automation execution model to improve well placement accuracy and lower total cost of ownership. The project marks the first global alliance between Halliburton, TotalEnergies, and offshore drilling contractor Noble, providing Halliburton with long-term revenue visibility in a key emerging deepwater basin. The stock also benefited from a broader energy market tailwind as U.S. crude oil prices climbed to nearly $77 per barrel.
Halliburton CompanySecured major deepwater contracts from TotalEnergies for GranMorgu project, providing long-term revenue visibility.
Noble Corporation plcNamed as partner in the first global alliance with Halliburton and TotalEnergies for the project.
TotalEnergies SEAwarded contracts to Halliburton for its deepwater development, advancing its project.