US oil services giant Halliburton remains upbeat about prospects in its local market for drilling, interventions and associated work despite North American revenues dipping slightly.

The company’s North American revenues for the first quarter of 2026 hit US$2.1bn, a 4% decrease when compared to the first quarter of 2025.

In its Q1 statement, it reported that this decline was primarily driven by lower stimulation activity and decreased fluid services in the Gulf of America.

It also cited lower stimulation activity and decreased artificial lift activity in the US Land segments.

Partially offsetting the decreases in the domestic market were increased drilling-related services in US Land and higher completion tool sales in the region.

“In North America, I see clear signs that we are in the early innings of a recovery,” said Jeff Miller, Halliburton’s chairman, president and CEO.

The group’s performance in international markets also held up well, outpacing disruptions from the Middle East conflict, he added.

Much of the focus in the Q1 statement was on new technology highlights.

Most recently, Halliburton launched its Volta all-electric control system, part of SmartWell intelligent completions, which it claims sets a new standard for engineered reservoir management, optimisation, and insight.

It uses field‑proven technologies and an open communication network to allow customers to execute continuous health and reservoir monitoring and gain critical insights to improve well performance.

The objective is to increase annual well output and avoid deferred production through reduced recovery time from planned or unplanned shut-ins.