Halliburton Breaks Ground at Brazil Technology Center

- Halliburton Breaks Ground at Brazil Technology Center

Tuesday, August 16, 2011
Halliburton Co.

Halliburton broke ground at the construction site of its new Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil. The groundbreaking represents a milestone in the Cooperation Agreement signed in 2010 between Halliburton and the UFRJ for the purpose of providing research and technology development projects in Brazil.

"The Halliburton Brazil Technology Center will provide solutions and services that Halliburton can implement to accelerate deepwater field
development and to continue enhancing production from mature fields," said Tim Probert, president of Strategy and Corporate Development for Halliburton. "It is also an excellent opportunity for our company to collaborate with leading Brazilian universities and customer research centers to solve subsurface challenges in an innovative and economical manner."

The new 7,062-square-meter technology center will have three floors and include specialized laboratories, a collaboration room, a testing area, and conference and training rooms.

Halliburton has had a presence in Brazil for more than 50 years.

Oil & Gas Post

Promote Your Page Too
LINK

Commodity Corner: Oil Breaks $100 Again

- Commodity Corner: Oil Breaks $100 Again

Wednesday, May 18, 2011
Rigzone Staff
by Matthew V. Veazey

June crude oil settled at $100.10 a barrel Wednesday after a U.S. Department of Energy report showed a slight decrease in oil stocks last week.

The Energy Information Administration (EIA) announced that crude inventories fell by 15,000 barrels as of last Friday, leaving the previous week's 370.3 million-barrel figure virtually flat. Analysts had predicted the inventory level to move in the other direction. A Platts survey of analysts had projected a 500,000-barrel build for the week.

Oil peaked at $100.99 and bottomed out at $97.46 Wednesday.

Thanks to forecast models predicting warmer weather conditions in the Northeast and South, natural gas for June delivery edged upward to settle at $4.20 per thousand cubic feet.

June natural gas traded within a range from $4.18 to $4.24 during the midweek session.

The June gasoline contract price also rose Wednesday, ending the day $2.96 a gallon. Gasoline futures fluctuated from $2.93 to $2.98.

Oil & Gas Post

Promote Your Page Too