US oilfield services giant Halliburton has reported a continued loss for the third quarter of this year, as its revenues took a dive amid current market conditions, however is sees activity stabilising.

Halliburton reported a loss of $17 million in the third quarter compared to a profit of $295 in the same period of last year. The quarterly loss compares to a net loss the second quarter of this year of $1.7 billion.