News on Halliburton Company

Halliburton changes bylaws for special meetings

2010-02-22T10:17:34Z

<div id="subtitle">Halliburton's board changes bylaws for to allow large shareholders to call special meetings</div><div><p>Halliburton Co.'s board revised its bylaws related to special meetings, effective Wednesday.</p><p>The oil services company said in a regulatory filing that the amended bylaws allow a stockholder that owns at least 10 perc...

Regulating Fracking

2010-02-05T10:45:52Z

In this photograph taken on Wednesday, April 15, 2009, a worker heads to a tractor-trailer owned by Halliburton being used in the drilling of a well for natural-gas producer Williams in Rulison, Colo. The push to put a widely used oil and gas drilling process under federal oversight could gain ground with a new administration in place and concerns about the development of huge ga...

Oil services companies hope for better 2010

2010-02-22T14:35:09Z

<div id="subtitle">After miserable 2009, oil service companies hope higher energy prices will boost profits</div><div><p>After a miserable 2009, oil service companies hope that higher crude prices and more natural gas drilling will mean a rebound for them by the end of the year.</p><p>Halliburton, Halliburton asks Supreme Court to block trial over claim of rape in Iraq</div><div><p>Halliburton Co. is asking the Supreme Court to block a Texas woman's lawsuit alleging she was raped by military contractor co-workers in Iraq.</p><p>The compan...

Halliburton 4Q profit drops 48 pct

2010-02-22T15:22:19Z

<div id="subtitle">Halliburton still recovering from plunge in energy consumption, 4th-qtr profit tumbles 48 pct</div><div><p>Halliburton said Monday it's still recovering from a plunge in U.S. energy consumption last year that forced oil drillers to pull hundreds of rigs offline, slashing the company's fourth-quar...

File: Halliburton Profit Drops 48 Percent

2010-01-25T11:31:16Z

HOUSTON - MARCH 27: (FILE PHOTO) Halliburton Company's building is shown March 27, 2003 in Houston, Texas. Halliburton announced on January 25, 2010 that its fourth quarter profit fell by 48 percent. (Photo by James Nielsen/Getty Images)

Halliburton sign adorns the side of a machine being used by the company at a site for natural-gas producer Williams in Rulison, Colo. Halliburton said Monday. Jan. 25, 2010 its fourth-quarter profit tumbled 48 percent to end a volatile year and the oilfield service company said it expects 2010 to be a transitional year for the industr...

Halliburton: Pemex reductions to hurt 4Q profit

2010-02-24T00:57:13Z

<div id="subtitle">Halliburton says Mexican customer reduces activity; 4Q profit to be lower by 2 cents a share</div><div><p>Halliburton Co., which provides services for the energy industry, said Tuesday that reduced activity by major Mexican customer Petroleos Mexicanos — Pemex — will drag down fourth-...

Woman awarded $3M in assault claim against KBR

2010-02-24T03:10:02Z

<div id="subtitle">Woman awarded nearly $3 million to settle claim she was raped while working for KBR in Iraq</div><div><p>A woman who claimed she was raped in 2005 while working in Iraq for a former Halliburton Co. subsidiary has been awarded nearly $3 million by an arbitrator to settle her case.</p><p>...

Military contractors sued over Iraq 'burn pits'

2010-02-24T07:23:04Z

<div><p>An Air Force veteran and a one-time contractor who served in Iraq are suing military contractors Halliburton Co. and KBR Inc., accusing the companies of exposing them to toxic fumes by burning everything from human remains to tires in massive open-air pits.</p><p>The lawsuit wa...

Halliburton gets drilling contract

2010-02-24T09:07:30Z

<div id="subtitle">Halliburton receives drilling contract for Saudi Arabia's Ghawar field</div><div><p>Halliburton Co. said Friday it received a contract to drill and complete oil wells in Saudi Arabia's Ghawar field.</p><p>Halliburton said the Ghawar field is the world's largest oil field...

Halliburton profits slump but signs of recovery

2010-02-24T18:11:12Z

<div id="subtitle">Halliburton profits tumble again though drilling activity increases in hard-hit North America</div><div><p>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 Nor...

Halliburton profit slides, but tops Wall Street view

2010-02-24T18:11:09Z

<div><p>NEW YORK (Reuters) - Halliburton Co &lt;HAL.N&gt; posted a 61 percent drop in quarterly profit on Friday, hurt by weak North American natural gas activity, but the figures topped Wall Street forecasts.</p><p>Th...

Halliburton 2Q earnings plummet, beat expectations

2010-02-26T07:18:16Z

<div id="subtitle">Halliburton 2Q profit falls 48 pct; CEO says no end to natural gas glut this year</div><div><p>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 ...

Halliburton profit slides, but tops forecasts

2010-02-26T07:18:05Z

<div><p>SAN FRANCISCO (Reuters) - Halliburton Co &lt;HAL.N&gt; posted a higher-than-expected profit on Monday, lifting its shares, but the world's second-largest oil services company warned that North American natural gas markets would stay weak throughout 2009....

Investment earthquake set to strike the energy sector: King

2010-02-27T06:59:59Z

<div id="subtitle">Alternative energy and oil service stock picks provided</div><div><p>A former Navy flyer and one-time field historian on the staff of the U.S. Chief of Naval Operations, Byron King has a gift for putting events into historical context. In this exclusive interview with The Energy Report, he addresses issues of “chronic underinvestment in productive assets.” How will m...

Halliburton chief distances company from KBR

2010-02-27T08:10:16Z

<div id="subtitle">Halliburton chief Lesar again distances company from military contractor KBR</div><div><p>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...

KBR pleads guilty in Nigeria bribery probe

2010-03-02T00:27:06Z

<div><p>A former unit of US conglomerate Halliburton agreed to pay 579 million dollars in criminal and civil penalties to settle a long probe into bribery in Nigeria, US officials said Wednesday.</p><p>Authorities said the agreement represented the second largest fine e...

KBR pleads guilty in Nigerian bribery scheme

2010-03-02T00:50:47Z

<div id="subtitle">KBR pleads guilty to bribing Nigerian officials for $6 billion in contracts</div><div><p>A former Halliburton Co. subsidiary pleaded guilty Wednesday to bribing Nigerian officials to obtain contracts valued at more than $6 billion.</p><p>Kellogg, Brown &amp; Iraq by US troops sues Halliburton, KBR over death</div><div><p>A lawsuit against two military contractors claims the companies' mistakes led U.S. soldiers to believe an American truck driver working for the contractors might ...