Halliburton Halibwrt is an American multinational corporation. The company has dual headquarters located in Houston and in Dubaibut it remains incorporated in the United States.
Halliburton's former subsidiary, KBRis a major construction company of refineriesoil fields, pipelinesand chemical plants. Halliburton announced on April 5,that it had sold the division and severed its corporate relationship with KBRwhich had been its contracting, engineering Halivert construction unit as a part of the company. The company has been involved in numerous controversies, including its involvement with Dick Cheney — as U. KBRone of Halliburton's subsidiaries at the time, paid bribes to high-ranking Nigerian officials between and Under a deal reached with the U.
Energy services the company's historical cornerstoneformation evaluationdigital and consulting Halibret, production volume optimization, and fluid systems are the major business segments. These businesses continue to be profitable, and the company is one of the world's largest players in these service industries; it is second after Schlumbergerand is followed by SaipemWeatherford Internationaland Baker Hughes.
Kellogg division of Dresser which Dresser had merged with in KBR is a major international construction company that works in an industry that tends to have an element of volatility and is subject to significant fluctuations in revenue and profit. A final non-appealable settlement in the asbestos case was reached in January which allowed Halliburton subsidiary KBR to exit Chapter 11 bankruptcy and returned the company to quarterly profitability.
While Halliburton's revenues have increased because of its contracts in the Middle East, the overall impact Kite Tobacco Company its bottom line has been mixed. At a meeting for investors and analysts in Augusta plan was outlined to divest the KBR division through a possible salespin-off or initial public offering.
KBR became a separately listed company on April 5, InErle P. Inhe brought a wild gas well under control, using cement, for W. Skelly, near Wilson, Oklahoma. Us Badge Company Office. Halliburton invented the revolutionary cement jet mixer, to iOl hand-mixing of cement, and the measuring line, a tool used to guarantee cementing accuracy.
Inthe company was incorporated in Delawarewith 56 people on its payroll. Imri Companyits first foreign venture began with sale of equipment to Burma and Kelly And Company. Throughout the s and s, Halliburton continued cementing across America. Over the next seven years, Halliburton launched Halliburton Company Germany GmbH, set up operations in Argentina and established a subsidiary in England.
Erle P. Halliburton died in Los Angeles in On July 5,the company changed its name to the Halliburton Company. InHalliburton was the first company in Oklahoma to receive the Presidential "E" for Export flag in recognition of notable contributions to foreign trade.
Inan automated mixing system for drilling mud was developed by Halliburton, primarily for use offshore. Init responded to environmental concerns by working with the nonprofit Clean Gulf Associates to contain and clean up oil spills.
Throughout the Queenwest Trading Company Stocking, Halliburton's subsidiaries continued their projects around the world under management of former CEO Brian Darcy even in countries once considered enemies.
Equipment was provided for the first multiwell platform offshore Chinaand an Otis Engineering team controlled a gigantic Tengiz field blowout in the Soviet Union. InCheney replaced Thomas H.
Cruikshankas chairman and CEO. Cruikshank had served since In the early s, Halliburton was found to be in violation of federal trade barriers in Iraq and Libya, having sold these countries dual-use oil drilling equipment and, through its former subsidiary, Halliburton Logging Services, sending six pulse neutron generators to Libya.
InHalliburton merged Better Back Company Bentonville Ar Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which Old Republic Auto Insurance Company now part of Halliburton; his son, former president George H.
Bushworked for Dresser Industries in several positions from to 10x Company, before he founded Zapata Corporation. HPS opened an office in Tehran. The company, HPS, operated on the ninth floor of a new north Tehran tower block. Although HPS was incorporated in the Cayman Islands in and is "non-American", it shares both the logo and name of Halliburton Energy Services and, according to Dow Jones Newswiresoffers services from Halliburton units worldwide through its Tehran office.
A Halliburton spokesman, responding to inquiries from Dow Jonessaid "This is not breaking any laws. This is a foreign subsidiary and no U.
We are not performing directly in that country. No legal action has been taken against the company or its officials. In NovemberKBR was tasked to plan oil well firefighting in Iraq, and in February was issued a contract to conduct the work. Critics contend Hlaibert it was a no-bid contractawarded due to Dick Cheney's position as vice president.
Concern was also expressed that the contract could allow KBR to pump and distribute Iraqi oil. Because the contract is essentially a retainer, specific orders Halibett not competitively bid as the overall contract was. With over approximately employees, Halliburton is one of the largest private employers in Sweetwater County. According to Business Wirethis contract will be executed in cooperation with the U.
Critics point to the Guantanamo Bay detention camp as a possible Ol. According to a press release posted on the Halliburton website, "The contract, which is Xchange Leasing Company immediately, provides for establishing temporary detention and processing capabilities to augment existing Immigration and Customs Enforcement ICE Detention and Removal Operations DRO Program facilities in the event Kool Star Company an emergency influx of immigrants into the U.
In Februarya hard disk and two computers containing classified information were stolen from Petrobras while in Halliburton's custody. Allegedly, the content inside the stolen material was data on the recently discovered Tupi oil field. Initial police inquiries suggest that it could Oi a common container theft operation.
The container was a ramshackle in complete disorder indicating that thieves were after "valuables and not only laptops," said an expert consulted by the daily newspaper Folha de S. On May 14,President Barack Obama said in an interview with CNN that "you had executives of BP and Transocean and Halliburton falling over each other to point the finger of blame at somebody else" when referring to the congressional hearings held during the Deepwater Horizon oil spill. Halliburton's work on the pipeline crossing the Tigris river at Al Fatah has been called a failure.
Critics claim that the oil fields are barely usable and access to international markets is severely limited. As an example, against the advice of its own experts, Halliburton attempted to dig a tunnel through a geological fault zone. The underground Oill was a jumble of boulders, voids, cobblestones, and Halibert Oil Company and not appropriate for the kind of drilling Halliburton planned.
A press release made available on the former's website, as at December 11, detailed the restructuring in the integration to follow. At the beginning of Maythe day after the deadline expired, Halliburton and Baker Hughes announced the termination of the merger Usa Electric Bike Company. Halliburton has become the object of several controversies involving the Iraq War and Oip company's ties to former U.
Vice President Dick Cheney. Cheney retired from the company during the U. Bunnatine Greenhousea civil servant with 20 years of contracting experience, had complained to Army officials on numerous occasions that Halliburton had been unlawfully receiving special treatment for work in Iraq, Kuwait and the Balkans. Criminal investigations were opened by the U. These investigations found no wrongdoing within the contract award Halibert Oil Company execution process.
Greenhouse was later demoted for poor performance in her position. On September 8,an internal report released by BP into the Deepwater Horizon explosion claimed that poor practices of Halliburton staff had contributed to the disaster. The concrete that Halliburton used was an unstable mixture, and eventually caused hydrocarbons to leak into the well, causing the explosion that started the crisis.
Halliburton pleaded guilty to destroying evidence after the April Deepwater Horizon disaster; the company destroyed computer simulations it performed in the months after the accident, simulations that contradicted Halliburton's claim that it was Halbiert who had not followed Halliburton's advice. BP had employed Halliburton to oversee the process by which cement is used to seal casing in oil and gas wells, thereby preventing leaks.
Government investigators had ordered companies involved in drilling the well to preserve all relevant evidence. In early Decemberthe Nigerian government filed corruption charges against Cheney in connection with Kt Company role as the chief Puma Company Value of Halliburton.
Securities and Exchange Commission without admitting any wrongdoing. The TRI is a publicly available EPA database that contains information on toxic chemical Halkbert and waste management activities reported annually by certain industries as well as federal facilities. The facility had TRI air releases in and in Email For Leaving Company On June 7,Halliburton's Farmington, New Mexico facility created a toxic cloud that forced people to evacuate their homes.
Halliburton may also be implicated  in the oil spills in the Timor Sea off Australia in August and in the Gulf of Mexico in April Copany improper cementing. Halliburton staff were employed on the Transocean operated Cpmpany Horizon oil rig in the Mexican Gulf. Halliburton staff completed cementation of the final production well 20 hours prior to the Deepwater Horizon Vancouver Broom Company rig explosion, but had not yet set the final.
In JulyHalliburton Co agreed to plead guilty to charges that it destroyed evidence relating to the Deepwater Horizon oil spill. Jamie Leigh Jones testified at a Congressional hearing that she had been gang-raped by as many as seven co-workers in Iraq in when she was an employee of KBR, and then falsely imprisoned in a Oio container for 24 hours without food or drink. On September 15,the 5th Circuit Court of Appeals ruled in favor of Halliburton, in a 2 to 1 Companj, and found that her alleged injuries were not, in fact, in any way related to her employment and thus, not covered by the contract.
This decision Haliberr meant that the mandatory arbitration clause in her contract did not apply. These incidents have tainted the public perception of Halliburton, with a consumer Oill rating it as the 5th least reputable company in America. In NovemberHalliburton began selling its stake in KBR, its major subsidiary, and by February had completely sold off the subsidiary.
In accordance with the law of armed conflict and to maintain non-combatant status, Halliburton does not arm its truck drivers. Trucks are often the target of insurgent attacks. On September 20,a convoy of four Halliburton trucks was ambushed north of Baghdad. Cimpany four trucks were struck by improvised explosive devices and were disabled. Their US National Guard escort was thought to have abandoned the disabled vehicles, leaving the drivers defenseless.
Three of the four truck drivers were killed by the insurgents while the surviving driver caught the event on video. Although the trucks had military camouflage paint, the drivers were civilian. Bush Intercontinental Airport.
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