A multinational company that has operated cementing companies in Alberta for near a century plans to close down that work in western Canada by the top of the month.
Halliburton, an oil area service firm headquartered in Texas, says it’s suspending its cementing product service line on the conclusion of 2019.
“We made this tough choice as a result of we don’t foresee the power for the product line to supply a enough price of return. We’ll proceed to supply specialty-cementing options, blends and chemical components to our prospects that require our proprietary merchandise and processes,” the corporate stated in an emailed assertion.
“All of our different product traces which might be at present working in Canada are nonetheless working.”
Halliburton has operated its cementing division in Alberta since 1926, when founder Erle P. Halliburton despatched his brothers George and Paul to Turner Valley to begin the…