Halliburton Company 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 and construction unit as Haliburtom part of the company. The company has been Haliburyon in numerous controversies, including Halibudton 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 services, 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 Halibuton merged with in KBR is a major international construction company that works Haloburton 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 Haliburton Oil Company quarterly profitability. While Halliburton's revenues have increased because of its contracts in the Middle East, the overall impact on its bottom line has been mixed. At a meeting for investors and analysts in August Haoiburton, a plan was outlined to Metzger Management Company 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 Mozaic Company Sunbrella Outdoor Chair Cushion, for W.
Skelly, near Wilson, Oklahoma. Patent Office. Halliburton invented the revolutionary cement jet mixer, to eliminate hand-mixing of cement, and the measuring line, a tool used to guarantee cementing Haliburon.
Inthe company was incorporated in Delawarewith 56 people on its payroll. Inits first foreign venture began with sale of equipment to Burma and India. 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 s, Halliburton's subsidiaries continued their projects around the world under management of former CEO Brian Darcy even Haliiburton 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 Woodbridge Roofing Company, 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 with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton; his son, former president George H. Bushworked for Dresser Industries in several positions from tobefore he founded Zapata Corporation. HPS opened an office in Tehran. The Haliburton Oil Company, HPS, operated on Haliburton Oil Company 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, Xtava Company in February was issued a contract to conduct the work.
Critics contend that 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 are not competitively bid as the overall contract was. With over approximately employees, Halliburton is one of the largest private employers in Sweetwater County.
According Halliburton Business Wirethis contract will be executed in cooperation with the U. Critics point to the Guantanamo Bay detention camp as a HHaliburton model. According to a press release posted on the Halliburton website, "The contract, which is effective 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 of 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 be 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 Bellevue Moving Company 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 Oip.
The underground terrain was a Haliburtob of boulders, voids, cobblestones, and gravel 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 agreement. Halliburton has become the object of several controversies involving the Iraq War and the company's ties Haliburton Oil Company 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 and 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 Cojpany the accident, simulations that contradicted Halliburton's claim that it was BP 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 his role as the chief executive of Halliburton.
Securities and Exchange Commission without admitting any wrongdoing. The TRI is a publicly available EPA database that contains information on toxic chemical releases and waste management activities reported annually by certain industries as well as federal facilities. The facility had TRI air releases in and in On June 7,Halliburton's Hxliburton, 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 for improper cementing.
Halliburton staff were employed on the Transocean operated Deepwater Horizon oil rig in the Halivurton Gulf. Halliburton staff completed cementation of the final production well 20 hours prior to the Deepwater Horizon drilling rig explosion, but had not yet set the final.
In JulyHalliburton Co agreed to plead guilty to charges that Ool destroyed evidence relating to the Deepwater Horizon Verbena Catering Company Ct 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 shipping container for 24 hours without food or drink.
On September 15,the 5th Circuit Court of Appeals Comlany in favor of Halliburton, in a 2 to 1 ruling, 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 effectively meant that the mandatory arbitration clause in her contract did not apply. These incidents have tainted the public perception of Compan, with a consumer study 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 Compnay, 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. All 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.
Apr 20, 2010 · The company deployed a barge-mounted cementing rig in the Gulf of Mexico in 1938, thus establishing itself in offshore services, which eventually became a major segment of the petroleum industry. It established a presence on the West Coast in 1940 by purchasing Perkins Oil Well Cementing, the company where Erle Halliburton had once worked.…
Halliburton's drilling technologies work together to help lower costs and increase recoveries. We design drilling programs that pay dividends through time saved, better completions, higher production rates, and less overall major capital expenditures.…
Halliburton swings to $1.7 billion loss, but stock surges as adjusted profit beats expectations Shares of Halliburton Co. surged 2.3% in premarket trading Tuesday, after the oil services company ...…
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