Halliburton Wins Key Deepwater Drilling Contracts for TotalEnergies' Granmorgu Project
HAL sits 72% above its 52-week low of $20.17.
Summary
Halliburton has been awarded integrated drilling and completions contracts for the Granmorgu deepwater project offshore Suriname, operated by TotalEnergies. The contract scope includes drilling and completions services, though financial terms were not disclosed. This win adds to a series of recent international contract awards, including a five-year deal in Iraq and a multi-year agreement with Pampa Energía, reinforcing Halliburton's growing international footprint. The Granmorgu project is a significant deepwater development, and this award strengthens Halliburton's position in the competitive offshore services market.
At the time of this announcement, HAL was trading at $34.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $28.7B. The 52-week trading range was $20.17 to $43.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.