DRILLING

Halliburton suffers in US gas contraction

OIL services giant Halliburton's third-quarter profits have taken a hit on the back of a steep fall in US natural gas drilling, although its Australian operations remained busy.

Halliburton suffers in US gas contraction

Halliburton said its third-quarter profit was $US625 million, down 16% on the previous quarter. Revenues were also down, from $7.2 billion to $7.1 billion. Halliburton blamed lower activity and higher...

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