Halliburton Shares Surge 4.65% on $328M Petrobras Deepwater Contract as Trading Volume Ranks 386th

On August 22, 2025, Halliburton (HAL) shares surged 4.65% with a trading volume of $280 million, marking a 56.42% increase from the prior day. The stock ranked 386th in trading activity across the market. This momentum followed a major contract award from Petrobras for Brazil’s Buzios pre-salt field.

Petrobras secured two well services contracts totaling $328 million (1.8 billion reais) with Halliburton, covering intelligent hydraulic completion for up to 18 development wells between 2026 and 2028. The contracts align with Brazil’s expanding offshore energy sector and position Halliburton to provide critical deepwater services such as cementing, pressure pumping, and well intervention. The awards are expected to bolster revenue streams amid the cyclical nature of the oilfield services industry.

These contracts come as Petrobras ramps up production at the Buzios field, currently operating six FPSO units with a seventh expected by year-end. Additional units are planned to enhance output, creating a long-term demand for Halliburton’s specialized services. However, execution faces challenges including technical complexities and regulatory compliance in deepwater operations.

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