Halliburton CEO paints bullish petroleum industry outlook for near- to mid-term

North America is virtually sold out for oilfield equipment capacity in 2022 and 2023 looks “tight,” while international markets will likely see multiple years of growth, the top executive at big services/equipment provider Halliburton, the first large energy company to report second-quarter earnings, said July 19. The quarter saw another step-up in US onshore rig activity and also hydraulic fracturing…

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