Halliburton Lands a Major Offshore Drilling Contract From Petrobras

Halliburton Company HAL has been awarded a key offshore drilling contract by Petróleo Brasileiro S.A. - Petrobras PBR, marking its largest service contract with the Brazilian energy giant. The contract, set to commence in 2025, includes integrated drilling services across multiple offshore fields for the development and exploration of wells for a period of three years, which will strengthen Halliburton’s presence in Brazil’s pre-salt and post-salt regions.HAL’s Advanced Technologies for Efficient PerformanceTo optimize drilling operations, Halliburton, currently carrying a Zacks Rank #4 (Sell) will deploy its exclusive technologies like iCruise® intelligent rotary steerable system for accurate well placement and reduction of well time; LOGIX™ automation platform to improve consistency and performance in well construction; and EarthStar® ultra-deep resistivity service for positioning production boreholes. Additionally, the company will deploy BaraLogix® real-time service that will mitigate drilling fluid challenges through predictive analytics.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Key PicksInvestors interested in the energy sector might look at some top-ranked stocks like SM Energy Company SM and Sunoco LP SUN.Denver, CO-based SM Energy Company is an independent oil and gas company engaged in the exploration, exploitation, development, acquisition and production of natural gas and crude oil in North America. The Zacks Consensus Estimate for SM’s 2024 earnings indicates 15.11% year-over-year growth.Dallas, TX-based Sunoco LP is a master limited partnership that deals with distribution of motor fuel to roughly 10,000 customers that include independent dealers, commercial customers, convenience stores as well as distributors. The Zacks Consensus Estimate for SUN’s 2024 earnings indicates 184.11% year-over-year growth.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL): Free Stock Analysis Report Petroleo Brasileiro S.A.- Petrobras (PBR): Free Stock Analysis Report Sunoco LP (SUN): Free Stock Analysis Report SM Energy Company (SM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks