5 HALLIBURTON

Halliburton recently signed an MOU with the Saudi Data and Artificial Intelligence Authority (SDAIA) to address national and global energy challenges. The new partnership will use Halliburton’s Ds365.ai platform to create data science and artificial intelligence (AI) applications and solutions, according to a release by the Houston-based oilfield services firm.

“We are excited to collaborate with SDAIA to use data science and AI to enhance the ways we explore for, develop and produce hydrocarbons,” Scott Regimbald, vice president, Saudi Arabia and Bahrain at Halliburton, said at the time of the announcement.

The company also won a contract to provide production chemicals and associated services for a large IOC in Oman. Under the seven-year contract, Halliburton will supply a full suite of customised products along with specialised services to support the in-field chemical treatments.

On the technology front, Halliburton introduced the new Hedron platform of fixed cutter PDC drillbits, which combines the latest technology with a customisation process to deliver high-performance, applicationspecific designs for customers.

Additionally, Halliburton secured a contract from Kuwait Oil Company to maximise its operational efficiency and increase production.