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Venezuela's PDVSA says it signed financing deals with Halliburton, Weatherford

Jun. 30, 2016 2:37 PM ETHalliburton Company (HAL) StockHAL, SLB, WFRDBy: Carl Surran, SA News Editor5 Comments
  • Venezuela's PDVSA says it has signed financing agreements with Halliburton (HAL +0.9%) and Weatherford (WFT +0.1%), without offering details on any agreements that had been reached.
  • HAL said last month that it was curtailing activity in Venezuela over delays in payments, two weeks after oil services peer Schlumberger (SLB +1.2%) announced a similar move as a result of payment difficulties.
  • The local Del Pino publication reported earlier this month that PDVSA was close to reaching a deal with SLB that would boost the company's presence in Venezuela through a new financing scheme.

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