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Halliburton Co. said Friday it received a contract to drill and complete oil wells in Saudi Arabia's Ghawar field.
Halliburton's third-quarter results Friday gave the first concrete evidence that the oil industry may have bottomed out as profits plunged but drilling activity in the critical region of North America grew.
Halliburton on Monday said its profit tumbled for a second straight quarter, primarily from a falloff in natural-gas production in North America, and the oilfield services giant offered little hope for an uptick in drilling before year's end.
Halliburton chairman and CEO Dave Lesar reassured shareholders Wednesday the oilfield services company has no ties to former subsidiary KBR Inc., even though the two are still often linked in legal matters.
Halliburton Co. kicked off the oil sector's first-quarter earnings period on a dour-but-not-unexpected note Monday, reporting net income that tumbled 35 percent from a year ago and offering a poor outlook. It also said it cut more than 2,000 jobs in the first three months of the year.
Former Halliburton Co. subsidiary, KBR Inc., has pleaded guilty to bribing Nigerian government officials over a 10-year period in order to obtain construction contracts.
Oilfield services provider Halliburton Co. posted stronger-than-expected fourth-quarter earnings Monday but said lower energy prices will mean diminished spending on production and exploration this year.
Oilfield services company Halliburton said Wednesday it is well-positioned to ride out the economic downturn and sharply lower crude prices, even saying that it's open to potential acquisitions.
Halliburton on Monday posted a $21 million third-quarter loss due largely to a big debt repayment, but the oilfield services company did booming business and its top executive maintained a positive outlook in the face of the global economic slowdown.
Halliburton's second-quarter profit fell about 67 percent from a year ago, when it recorded a nearly $1 billion gain from its split with former subsidiary KBR, but the oilfield services provider posted record revenue and said prospects look good for the remainder of 2008.
In the hot energy sector, a rapid-fire bidding contest broke out Friday between a London-led private equity consortium and Halliburton — both coveting the same European oil field contractor.
Former Prime Minister Mahathir Mohamad on Saturday slammed the government's move to allow U.S. oilfield services provider Halliburton Co. to begin operating in Malaysia, saying the country doesn't need "blood money."
Increasing its global presence is paying off for oilfield services provider Halliburton Co., whose first-quarter income rose nearly 6 percent on growing business in the Middle East, Asia and Latin America, the company said Monday.
Oilfield services provider Halliburton Co. said Monday its fourth-quarter profit rose almost 5 percent from a year ago, helped by growing business in the Eastern Hemisphere, where the company is placing greater resources.
Halliburton Co. continues to benefit from placing greater emphasis on its operations in the Eastern Hemisphere, where expanding business helped the company post a 19 percent rise in third-quarter earnings.
Halliburton will shift some 70 percent of its capital investment over the next five years to the Eastern Hemisphere, which includes oil and gas zones in the Middle East, Russia, Africa, the North Sea and East Asia, the company's chief said Tuesday from his new headquarters in Dubai.
Democratic leaders are stripping from a military spending bill for the war in Iraq a requirement that President Bush gain approval from Congress before moving against Iran.
Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.
The Army will rebid the multibillion-dollar contract under which a Halliburton Co. subsidiary has been providing services to troops around the world after years of complaints over how the deal has worked in Iraq.
Any Afghan 'Surge' Is a Snare and a Delusion And corruption is viewed as one of the key obstacles in dealing with the resurgent Taliban in Afghanistan.
Woman awarded nearly $3m in rape claim against Halliburton/KBR | World news | guardian.co.ukAn arbitrator has awarded a woman nearly $3m (£1.8m) to settle her claims that she was raped in Iraq by a US state department employee in 2005 while working for a former Halliburton subsidiary.
Soldiers claim war zone contractors exposed them to toxinsContractors working for the military in Iraq and Afghanistan are fouling the nests of U.S. soldiers with pollution, poisoning the troops in the very bases meant to be their sanctuaries.
Strange Bedfellows: An American Ally TONITE, TENS OF THOUSANDS WILL ENTER BATTLE ON OUR SIDE, FEW AMERICANS WILL EVER KNOW
Vitter Confronted By Rape Victim Over Franken Amendment VoteIf you're new to this seed, please read this first. At a town hall meeting this past weekend... [Senator David Vitter of Louisiana] was confronted by a constituent who, after recounting her tale of being raped, demanded to know why he opposed Sen. Al Franken's (D-Minn) amendment.
McCain and 29 Others Vote Against Franken Rape Bill. Really?The bill states that if you want to contract with the US Government, you can't make your employees sign to only arbitrate disputes.
Halliburton's Profit Falls 61% Halliburton Co.'s third-quarter earnings slumped 61% as results were hurt by weakness in the North American drilling market amid the decline from last year in commodity prices.
Jon Stewart on the GOP's Support for Gang-RapeAs Jon Stewart reported on last night's Daily Show, 30 GOP Senators (that's 75% of all Republicans in the Senate for those keeping score at home) recently voted in favor of KBR and Halliburton's right to gang-rape employees. It's shocking, I know.
GOP protects Halliburton's 'it's okay if you get raped' clauseFollowing the widely publicized case of a KBR employee in Iraq who was gang-raped by her coworkers, Senator Al Franken (D-MN) proposed an amendment that would prevent federal contracts from going to companies like Halliburton/KBR that make employees waive the right to sue their e …
The problem is that the UNITED STATES OF AMERICA , FOX NEWS,CBS,ABC ,KBR,Halliburton,BlackWater(Xe),Monsanto...etc are Corporate entities that have been infected with malfeasance and avarice through the misguided capitalism we all love...a soul manifested into an entity that has …
Franken passes law denying fed contracts to companies that support rape of employeesGo Senator Al! Al Franken successfully introduced legislation that denies federal contracts to companies that have policies -- anywhere in the world -- that punish employees for complaining about rape or discrimination on the job.
The List: These 30 Senators Cast "The Pro-Contractor-Rape Vote"In the end, the amendment passed 68-30, with these fine Americans casting the pro-contractor-rape vote:
Franken Wins Bipartisan Support For Legislation Reining In KBR's Treatment Of RapeSen.
Al Franken's Ammendment (Which Just Passed The Senate) Denies Halliburton Federal Contracts If It Doesn't Start Treating Its Employees and Our Soliders Like Human BeingsTo prohibit the use of funds for any Federal contract with Halliburton Company, KBR, Inc., any of their subsidiaries or affiliates, or any other contracting party if such contractor or a subcontractor at any tier under such contract requires that employees or independent contract …
Betty McCollum vs. Michele Bachmann Smackdown: Treat Felonious Corporations At Least as Harshly as ACORN, Which Committed NoneTwo articles: Dem Rep: Treat Felonious Corporations At Least as Harshly as ACORN (Which Committed None) (with video)
We, the taxpayers and citizens of the United States, continue to be assaulted by, and manipulated by, petty distractions. Those on the left and on the right are inundated by emotional issues that we can be convinced are central to our continued survival.
The Hidden Soros Agenda: Drugs, Money, the Media, and Political PowerGuess what?...they are all in each others camp..what are they doing? trading power for money...buying and selling drugs....and then punishing us for the same thing...they are selling their souls and selling ours..
I listened to the hearing the House Committee on Border Security recently had about border control, & SBI Net. I was so cheered by the overall skepticism I heard. I wish I'd written down the names so I could deliver my critique more clearly, but I'll do my best.
Don't Want To Pay For Healthcare Reform? "I don't recall having the option of not paying for the illegal and immoral invasion of Iraq..."Well, excuse me, but I don't recall having the option of not paying for the illegal and immoral invasion of Iraq, or the continuing occupation that was funneling hundreds of billions to Halliburton, Blackwater and other waste or fraud.
H.R. 645(National Emergency Centers ESTABLISHMENT Act) and The FEMA Concentration Camps under Martial LawEnter the FEMA Camp:
t r u t h o u t | Eager to Tap Iraq's Vast Oil Reserves, Industry Execs Suggested InvasionMust-read and must-know.
Nigeria's Oil War - A Distraction? For some reason, the Financial Times recently attributed Nigeria's fuel shortage to "[a] showdown between President Umaru Yar'Adua and powerful Nigerian oligarchs over his moves to break their grip on the lucrative fuel importation business..."
KBR Got Bonuses for Work that Killed SoldiersThe Department of Defense paid former Halliburton subsidiary KBR more than $80 million in bonuses for contracts to install electrical wiring in Iraq.
Nigeria postpones ending gas flaring yet againThe Nigerian government has once again extended the deadline to end gas flaring…Gas flaring is the burning of the natural gas that is produced on the surface during the production process.
KBR, Halliburton Accused in Investor Suit of "Reign of Terror" - Bloomberg.comStrangely, the Funds have NOT divested from the company they are deriding.
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