![Mexico Mexico](https://cdn-www.bnamericas.com/img/flags/MEXICO.jpg)
Halliburton forecasts 10% international revenue growth
![Halliburton forecasts 10% international revenue growth](https://cdnimg.bnamericas.com/cPJPEmyKOaWBPVIJcKxGWwphEjKetYUzGyzWzujKYnshDiDDNrlLXIGCiHmIFgim.jpg)
Oilfield service provider Halliburton expects international revenue to grow 10% this year, according to CEO Jeff Miller.
International revenue for the Houston-based company in the first half of 2024 rose by nearly the same percentage year-on-year, reaching US$6.61 billion, with US$2.92bn from Middle East/Asia (+6%), US$2.21bn from Latin America (+15.6%) and US$1.49bn from Europe/Africa/CIS (+9%).
The executive made the comment during Halliburton's second quarter earnings call, where he highlighted three product lines that are driving international growth.
Miller pointed to Halliburton’s software business, such as AI and machine learning; artificial lift, which he said is growing at double the rate of all international business; and drilling services.
First half revenue for the company from North America slid 8% to US$5.03bn.
Regarding Latin America, the CEO said he is “excited” about the possibilities in the region, such as unconventionals in Argentina.
In 2Q24, Halliburton reported improved activity across multiple product service lines in Argentina and the Caribbean, higher pressure pumping services in Mexico, and increased drilling-related services in Brazil.
This activity was offset by lower drilling-related services, decreased project management activity, decreased software sales in Mexico and lower completion tool sales in the Caribbean.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Mexico)
![Hokchi gets green light for development of Xaxamani field](https://cdn-www.bnamericas.com/img/sectors/oilgas_2.jpg)
Hokchi gets green light for development of Xaxamani field
The Mexican operator will spend US$3bn to develop and operate the field, which in 2030 will produce 18,400b/d crude oil and 3.9mn cubic feet per da...
![Mexican oil companies ask Sheinbaum to relaunch bid rounds and farm-outs](https://cdn-www.bnamericas.com/img/sectors/oilgas_1.jpg)
Mexican oil companies ask Sheinbaum to relaunch bid rounds and farm-outs
The Mexican association of hydrocarbon companies published eight policy proposals for the next government to be led by president-elect Claudia Shei...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Mexico)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Arenque block
- Current stage:
- Updated:
2 months ago
- Project: Production capacity maintenance for the Madero refinery
- Current stage:
- Updated:
2 months ago
- Project: Energía Los Cabos
- Current stage:
- Updated:
2 months ago
- Project: Holok area
- Current stage:
- Updated:
3 months ago
- Project: Tecoalli field
- Current stage:
- Updated:
3 months ago
- Project: Miztón field
- Current stage:
- Updated:
3 months ago
- Project: Amoca field
- Current stage:
- Updated:
3 months ago
- Project: Area 4 - Burgos (A4-BG Onshore)
- Current stage:
- Updated:
3 months ago
- Project: Field Cibix
- Current stage:
- Updated:
3 months ago
- Project: Area 5 - Burgos (Offshore)
- Current stage:
- Updated:
3 months ago
Other companies in: Oil & Gas (Mexico)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Gas Natural México, S.A. de C.V.  (Naturgy Mexico)
-
Gas Natural México S.A. de C.V. (Naturgy Mexico), local subsidiary of Spain-based multinational energy corporation Naturgy Energy Group, engages in the trading, distribution, ma...
- Company: Servicios Marinos del Sureste, S.A. de C.V.  (Enermar)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Industrias John Crane de Mexico, S.A. de C.V.
-
Industrias John Crane de Mexico is the local unit of US-based John Crane, a leading provider of engineered products and services for companies operating in the energy industry. ...
- Company: Grupo R Petróleo y Gas S.A.P.I. de C.V  (Grupo R Petróleo y Gas)
-
Grupo R Petróleo y Gas S.A.P.I. de C.V. is involved in exploration and production projects in offshore and onshore blocks. The company is a subsidiary of Mexican conglomerate Gr...
- Company: Fujisan Survey, S.A. de C.V.  (Fujisan Survey)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by BNamericas’ content team. However, it may have been au...
- Company: Grupo R
-
Established in 1956, Grupo R is among the first Mexican E&P companies to operate a hydrocarbons facility in the country. As a service provider, the company and its affiliates sp...
- Company: Pemex Logística
-
Pemex Logística is a subsidiary of Mexico's state-run oil company. It was established in 2015 as part of Pemex's restructuring, which also created another four subsidiaries. The...