SOURCE: Equity Markets Inc

June 16, 2011 09:00 ET

Servicing Oil and Gas - Research Report on Halliburton Company and Schlumberger Limited

MACAU--(Marketwire - Jun 16, 2011) - Today, announced its research report highlighting Halliburton Company (NYSE: HAL) and Schlumberger Limited (NYSE: SLB). Full content and research is available at

With the disruption of exports from Libya and unrest in the Middle East and North Africa, crude oil continues to trend upward. The recent disaster in Japan has fueled further volatility, as Japan is the world's third largest consumer and the second largest importer. As of March, the U.S. Energy Information Administration (EIA) estimated that global oil demand expanded by 2.85% in 2010 and sees demand growth of 1.70% in 2011 and 1.94% in 2012. Reflecting new OPEC capacity additions, the EIA estimated that global oil supply increased by 2.5% in 2010 and forecast supply growth of 1.12% in 2011 and 2.49% in 2012.

Equity Markets has reviewed Halliburton Company as an oilfield services company whose two business segments are the Completion and Production segment and the Drilling and Evaluation segment. The Company provides a range of services and products for the exploration, development, and production of oil and natural gas around the world. During the year ended December 31, 2010, based on the location of services provided and products sold, 46% of the revenue was from the United States. It has 170 international and 109 United States field camps, from which it delivers its services and products. The full research report on Halliburton Company (NYSE: HAL) is available here:

Equity Markets is covering Schlumberger Limited as an integrated project management and information provider to the international oil and gas exploration and production industry. Schlumberger consisted of five business segments as of December 31, 2010: its Oilfield Services, WesternGeco, M-I SWACO, Smith Oilfield and Distribution. Its Oilfield Services operates in each of the oilfield service markets, managing its business through its GeoMarket regions. WesternGeco, an advanced surface seismic company, provides reservoir imaging, monitoring and development services. The full research report on Schlumberger Limited (NYSE: SLB) is available here:

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