Halliburton highlighted its integrated well construction contracts for Suriname’s GranMorgu development as the company reported higher revenue in the second quarter of 2026.
The United States energy services company generated US$5.7 billion in revenue during the quarter, up 6% from US$5.4 billion in the first three months of the year. Latin America revenue increased 3% sequentially to US$1.1 billion.
Halliburton announced the results on July 21 from Houston. It identified the GranMorgu contracts among several international awards secured as it pursues growth outside North America.
The company recorded net income of US$534 million, or US$0.64 per diluted share, compared with US$461 million, or US$0.55 per diluted share, in the first quarter. Operating income rose from US$679 million to US$778 million. Halliburton also generated US$824 million in cash flow from operations and US$668 million in free cash flow.
Chairman, President and Chief Executive Officer Jeff Miller said Halliburton expects its technology portfolio and recent contract awards to support further growth.
“I am pleased with Halliburton’s performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion,” Miller said. “In international markets, I am excited about Halliburton’s contract awards and pipeline of future opportunities. I see demand growth for our services and technology in every region we serve.”
Halliburton announced on July 13 that it had secured major integrated well construction contracts for GranMorgu, which TotalEnergies operates offshore Suriname. The long-term agreement covers drilling and completion services. Halliburton plans to combine planning, engineering, and operations through a digital and automated execution model.
The company said it will use digital workflows, real-time data, and remote operations control to support drilling and completion work. The system is intended to improve well placement accuracy and delivery assurance. Halliburton also said the contract includes local capability development and infrastructure investment in Suriname.
The company worked with local suppliers to upgrade its liquid mud and cement plant. It also supported construction of a drilling and completions workshop with maintenance and repair capabilities.
GranMorgu will develop the Sapakara and Krabdagu fields in Block 58, about 150 kilometers offshore Suriname. The project is designed to produce up to 220,000 barrels per day, with first oil targeted for 2028.
Halliburton’s overall international revenue increased 5% sequentially to US$3.4 billion during the second quarter.
The company attributed the Latin America increase mainly to higher stimulation activity in Argentina and Mexico and improved completion tool sales in Mexico. Lower activity across several product service lines in the Caribbean partly offset those gains.
