Halliburton Co. has joined rival Schlumberger Ltd. in curbing activity in Venezuela due to lack of payment during the oil industry’s worst financial crisis. “During the first quarter of 2016, we made the decision to begin curtailing activity in Venezuela,” Halliburton, the world’s second-largest oil services provider, said Friday in a filing with the U.S. Securities and Exchange Commission. “We have experienced delays in collecting payment on our receivables from our primary customer in Venezuela. These receivables are not disputed, and we have not historically had material write-offs relating to this customer,” the company said. Halliburton’s receivables in Venezuela rose 7.4 percent in the first quarter to $756 million compared to the end of 2015, representing more than 10 percent of its total receivables, the Houston-based company said. It’s the only country or customer that represents more than 10 percent of receivables, it said. Halliburton did not name the […]