Halliburton (HAL) and Sumitomo Corporation (8053.T) announced that Halliburton acquired Sekal AS. Sekal is specialized in digital drilling autonomy and, prior to Halliburton's acquisition, was a fully owned subsidiary of Sumitomo. The company said the acquisition advances its strategy to strengthen drilling automation services and maximize customer asset value.
The acquisition combines Halliburton's LOGIX automation and remote operations with Sekal's advanced DrillTronics automation platform and services to deliver a comprehensive drilling automation portfolio.
In pre-market trading on NYSE, Halliburton shares are down 2.55 percent to $38.00.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.