Halliburton settles accounts case
US oil services group Halliburton is to pay $7.5m (£4.2m) to settle charges that it failed to disclose a change in its accounting practices during 1998
Halliburton
Halliburton is a multinational corporation that provides engineering, construction, and maintenance services to energy, industrial, and government customers worldwide. With revenues reaching $21 billion (U.S. FY 2005) and over 95,000 employees, Halliburton operates in two major business segments. The Energy Services Group provides technical products and services for oil and gas exploration and production. The KBR group is a major construction company of mainly refineries, oilfields & pipelines, and chemical plants.
Halliburton Co.
1401 Mckinney
Suite 2400
Houston, TX 77010
Phone: 713-759-2600
Fax: 214-978-2611
Halliburton Iran deals under fire
/0 Comments/in Halliburton /by ceadminHalliburton, in trouble over alleged over-charging for Iraq contracts, is being probed for its deals in Iran.
A US grand jury has demanded documents relating to contracts in Iran – subject to US sanctions – by a Halliburton subsidiary based in the Cayman Islands.
The firm, which used to be run by US Vice-President Dick Cheney, said it was certain the deals were legal
Halliburton cuts off KBR ex-boss
/0 Comments/in Halliburton /by ceadminHalliburton said it has terminated its relationship with an ex-chairman of its Kellogg, Brown and Root subsidiary over financial impropriety.
KBR is being investigated by the US stock market regulator over allegations it paid bribes for Nigerian gas deals.
Halliburton said it had severed ties with Jack Stanley, who had worked as a consultant since retiring in December 2003, and another person, over Nigeria
Pentagon suspends Halliburton payments
/0 Comments/in Halliburton /by ceadminUnder intense scrutiny over billing and contracts related to the war in Iraq, Houston-based Halliburton Co. has once more come under the watch of the U.S
Halliburton seeks to settle Asbestos Liability
/0 Comments/in Halliburton /by ceadminHalliburton Co. inched closer to settling all asbestos liabilities Monday with completion of hearings in Pittsburgh to confirm the pre-negotiated bankruptcy for subsidiary DII Industries.
The company expects U
US to withhold Halliburton bills
/0 Comments/in Halliburton /by ceadminThe Pentagon is to withhold 15% of the payments it owes controversial firm Halliburton for the company’s supply of meals to US troops in Iraq.
A Pentagon spokeswoman said the 15% – some $300m (£165m) – will not be paid until auditors have established the actual final cost of the food.
It comes as US criminal investigations continue into whether Halliburton has overcharged the Pentagon for the meals
Halliburton bankrupts own units
/0 Comments/in Halliburton /by ceadminUS oil and construction company Halliburton has put two of its businesses into voluntary bankruptcy as it prepares to settle asbestos claims.
The company, once headed by US Vice President Dick Cheney, has agreed to pay about $4bn (£2.3bn) to workers exposed to the killer mineral
Halliburton Questioned regarding Iran
/0 Comments/in Halliburton /by ceadminNew York official wants information
By DAVID IVANOVICH
Copyright 2003 Houston Chronicle Washington Bureau
WASHINGTON — New York City’s comptroller is prodding Houston-based Halliburton Co. to release more details about its business dealings in Iran.
William Thompson Jr
Halliburton in Iraq fuel costs row
/0 Comments/in Halliburton /by ceadminWashington (BBC)- Halliburton, the oil services and construction group, has been accused by US lawmakers of charging “inflated prices” when they sell petrol to US troops in Iraq.
Halliburton charges the US government more than $1.59 (£0
Nigeria Fraud Investigation
/0 Comments/in Halliburton /by ceadminLAGOS, June 18 (Reuters) – Nigerian President Olusegun Obasanjo has ordered an investigation into alleged fraud by a local unit of U.S. oil services firm Halliburton Co (nyse: HAL – news – people), his spokeswoman said on Wednesday