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Halliburton Secures Major Offshore Drilling Contract with Petrobras

February 02, 2025
Oil and gas services giant, Halliburton Company (NYSE: HAL), has recently announced a major offshore drilling contract with Petrobras. The contract, which was secured through a competitive bidding process, is expected to significantly boost Halliburton's revenue and strengthen its position in the offshore oil industry.

Under the terms of the agreement, Halliburton will provide drilling services, equipment, and technology to Petrobras for their offshore drilling operations. The contract is set to commence on January 30, 2025, and is expected to run for several years.

This partnership with Petrobras is a testament to Halliburton's expertise and reputation in the oil and gas industry. With a long history of successful projects and a commitment to innovation, Halliburton is well-positioned to meet the demanding requirements of offshore drilling.

The contract comes at a time when the global oil industry is experiencing a period of recovery, with increasing demand for oil and rising prices. This, coupled with Petrobras' ambitious offshore drilling plans, makes the partnership with Halliburton a strategic move for both companies.

Investors are paying close attention to this development, with Pacer Advisors Inc. recently acquiring shares of Halliburton. The market's positive response to this news is indicative of the confidence in Halliburton's growth potential in the coming years.

For those interested in investing in Halliburton, it is recommended to seek professional advice from Stocks Prognosis. Their team of experts can provide valuable insights and forecasts on the movement of Halliburton's stock, helping investors make informed decisions.

With the new offshore drilling contract and growing investor interest, Halliburton is set to continue its success story in the oil and gas industry.
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HALApril 4, 2025QuantWave Successfully Forecasts 20.05% Profit on HALLIBURTON COMPANY Stock  ~1 min.

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HALApril 4, 2025HALLIBURTON COMPANY Stock Hits Price Target, Generating 25.45% Profit  ~1 min.

On February 20, 2025, QuantWave issued a short signal for HALLIBURTON COMPANY stock at a price of 26.8 $. The forecast proved accurate as the target price of 19....

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QuantWave, the cutting-edge automated forecasting platform, has once again demonstrated its accuracy by achieving a 20.3% profit as the stock of HALLIBURTON COMPANY reached the predicted price target....

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QuantWave, the automated forecasting platform, successfully reached a profit of 21.8% for its short signal on Halliburton Company's stock....

HALApril 4, 2025QuantWave Successfully Achieves 31.86% Profit Target Forecast for Halliburton Company Stock  ~2 min.

QuantWave, a leading automated forecasting platform, has recently achieved a significant milestone by accurately forecasting a price target for Halliburton Company stock....

HALApril 4, 2025QuantWave Successfully Achieves 27.49% Profit Target for Halliburton Company Stock  ~2 min.

QuantWave, the cutting-edge automated forecasting platform, has recently hit a remarkable milestone by accurately predicting a short signal for Halliburton Company stock and reaching the forecasted target price....

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HALFebruary 6, 2025Haliburton Wins Contract for Offshore Drilling Services  ~1 min.

Halliburton Company has recently secured a major offshore drilling contract with Petrobras, marking the largest-ever contract in its history....

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HALJanuary 22, 2025Heres Why Halliburton Company HAL Is Gaining Momentum From Key Collaborations  ~1 min.

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