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Encyclopedia > Halliburton
Halliburton Energy Services
Type Public (NYSE: HAL)
Founded 1919, Dallas, Texas, U.S. by Erle Halliburton
Headquarters Houston, Texas and [1] Dubai, UAE CEO Headquarters
Key people David J. Lesar Chairman, President, and CEO
Industry Oil well Services & Equipment
Products Technical services to the petroleum industry; Construction
Revenue $13.0 billion USD (2006)[1]
Net income $2.35 billion USD (2006)[1]
Employees 106,000 (2005)
Website www.halliburton.com

Halliburton Energy Services (NYSE: HAL) is a United States-based multinational corporation with operations in more than 120 countries. It has been at the forefront of several media and political controversies in relation to its work for the U.S. Government, its political ties, and its corporate ethics. The name Haliburton may refer to a variety of things. ... Image File history File links Halliburton_logo. ... This article does not cite any references or sources. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Year 1919 (MCMXIX) was a common year starting on Wednesday (link will display the full calendar). ... Dallas redirects here. ... For other uses, see Texas (disambiguation). ... For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... Erle P. Halliburton and his wife established the New Method Oil Well Cementing Company in Oklahoma in 1919. ... Image File history File links This is a lossless scalable vector image. ... Houston redirects here. ... For other uses, see Texas (disambiguation). ... Image File history File links Flag_of_the_United_Arab_Emirates. ... Coordinates: , Emirate Government  - Emir Sheikh Mohammed bin Rashid Al Maktoum Area [1]  - Metro 4,114 km² (1,588. ... This article is about the United Arab Emirates. ... David J. Lesar, is Chairman, President, and Chief Executive Officer of Halliburton Energy Services. ... An oil well is seen in Texas. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... Image File history File links No higher resolution available. ... USD redirects here. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links Red_Arrow_Down. ... USD redirects here. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Image File history File links Emblem-important. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... A multinational corporation (or transnational corporation) (MNC/TNC) is a corporation or enterprise that manages production establishments or delivers services in at least two countries. ... ...


It is based in Houston, Texas, in the United States. Halliburton opened its new headquarters in Dubai, in the United Arab Emirates, in March 2007, where Chairman and CEO David J. Lesar will work and reside, to "to Focus Company’s Eastern Hemisphere Growth".[2] Corporate offices will remain in Houston and the company will remain incorporated in the United States.[3][4][5] The company will consider Houston and Dubai as dual headquarters. Houston redirects here. ... For other uses, see Texas (disambiguation). ... Coordinates: , Emirate Government  - Emir Sheikh Mohammed bin Rashid Al Maktoum Area [1]  - Metro 4,114 km² (1,588. ... David J. Lesar, is Chairman, President, and Chief Executive Officer of Halliburton Energy Services. ...


Halliburton major business segment is the Energy Services Group (ESG). ESG provides technical products and services for oil and gas exploration and production. Synthetic motor oil For other uses, see Oil (disambiguation). ... For other uses, see Natural gas (disambiguation). ...


Halliburton's former subsidiary, KBR, is a major construction company of refineries, oil fields, pipelines, and chemical plants. Halliburton announced on April 5, 2007 that it had finally broken ties with KBR, which has been its contracting, engineering and construction unit as a part of the company for 44 years.[6] KBR (formerly Kellogg Brown and Root) NYSE: KBR is an American engineering and construction company, formerly a subsidiary of Halliburton, based in Houston. ... View of Shell Oil Refinery in Martinez, California. ... Drilling rig in a small oil field Near Sarnia, Ontario, 2001 An oil field is an area with an abundance of oil wells extracting petroleum (oil) from below ground. ... A Chemical plant is an industrial process plant that manufactures chemicals, usually on a large scale. ...

Contents

Business overview

Energy Services, the company's historical cornerstone, includes drilling & formation evaluation, digital & consulting solutions, production volume optimization, and fluid systems. This business continues to be profitable, and the company is one of the world's largest players in this industry; Schlumberger is its closest competitor followed by Baker Hughes and Weatherford International. Schlumberger Limited is the worlds largest multinational oilfield services corporation, incorporated in the Netherlands Antilles. ... Baker Hughes NYSE: BHI is the worlds third-largest oil-services company behind Schlumberger and Halliburton . ... Weatherford International Ltd (NYSE: WFT) is one of the worlds largest diversified upstream oilfield service companies. ...


With the acquisition of Dresser Industries in 1998, the Kellogg-Brown & Root division (in 2002 renamed to KBR) was formed by merging Halliburton's Brown & Root (acquired 1962) subsidiary and the M.W. Kellogg division of Dresser (which Dresser had merged with in 1988). KBR is a major international construction company, which is a highly volatile undertaking subject to wild fluctuations in revenue and profit. Asbestos-related litigation from the Kellogg acquisition caused the company to book more than US$4.0 billion in losses from 2002 through 2004. Dresser Industries was a multinational corporation headquartered in Dallas, Texas, which provides a wide range of technology, products, and services used for developing energy and natural resources. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... This article or section does not cite any references or sources. ... For other uses, see Asbestos (disambiguation). ... USD redirects here. ...


As a result of the asbestos-related costs and staggering losses on the Barracuda Caratinga FPSO construction project based in Rio de Janeiro, Brazil, Halliburton lost approximately $900 million U.S. a year from 2002 through 2004. A final non-appealable settlement in the asbestos case was reached in January 2005 which allowed Halliburton subsidiary KBR to exit Chapter 11 bankruptcy and returned the company to quarterly profitability. So, while Halliburton's revenues have increased because of war in the Middle East, its bottom line continues to suffer.[7] The United States dollar is the official currency of the United States. ...


At a meeting for investors and analysts in August 2004, a plan was outlined to divest the KBR division through a possible sale, spin-off or initial public offering. Analysts at Deutsche Bank value KBR at up to $2.15 billion, while others believe it could be worth closer to $3 billion by 2005. KBR became a separately listed company on 5 April 2007. Sale is the name of several places: Sale, Victoria, Australia Sale, Greater Manchester, England Sale, Italy (pronunciation: SAH-leh) - in the province of Alessandria Salè, Morocco Sale Marasino (first pronunciation: SAH-leh), an Italian commune in the province of Brescia Sale is also a type of contract for the exchange... A spin-off (or spinoff) is a new organization or entity formed by a split from a larger one such as a new company formed from a university research group. ... “IPO” redirects here. ... Deutsche Bank AG (IPA: [1]) (ISIN: DE0005140008, NYSE: DB) (English: ) is a bank operating worldwide and employing more than 75,000 people (June, 2007). ...


As of November 2007 strong rumours have surfaced over sepulation that Halliburton are ready to launch takeover bids for Baker Hughes and Uk based Expro Group. Baker Hughes NYSE: BHI is the worlds third-largest oil-services company behind Schlumberger and Halliburton . ...


History

1919 to 1990

Vida and Erle P. Halliburton first tried to find work cementing oil wells in Burkburnett, Texas then moved their business (New Method Oil Well Cementing Company) to the Healdton field near Ardmore, Oklahoma. Burkburnett is a city located in Wichita County, Texas. ... For other uses, see Texas (disambiguation). ... Healdton is a city located in Carter County, Oklahoma. ... Location within the state of Oklahoma Coordinates: , Country State County Carter Government  - Mayor Bob Guerin Area  - Total 50. ... For other uses, see Oklahoma (disambiguation). ...

Duncan is a city located in Stephens County, Oklahoma. ... For other uses, see Oklahoma (disambiguation). ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Nickname: Motto: Where the West Begins Location of Fort Worth in Tarrant County, Texas Coordinates: , Country State Counties Tarrant, Denton Government  - Mayor Michael J. Moncrief Area  - City 298. ... For other uses, see Texas (disambiguation). ... Dallas redirects here. ... For other uses, see Texas (disambiguation). ... Kellogg, Brown and Root is an American engineering and construction company, a private military contractor and a subsidiary of Halliburton. ... Houston redirects here. ... For other uses, see Texas (disambiguation). ... Geophysical Service Incorporated (often abbreviated GSI) was founded by John Clarence Karcher and Eugene McDermott in 1930 for the purpose of using refraction and reflection seismology to explore for petroleum deposits. ... Texas Instruments (NYSE: TXN), better known in the electronics industry (and popularly) as TI, is an American company based in Dallas, Texas, USA, renowned for developing and commercializing semiconductor and computer technology. ... Halliburton Logging Services was created when Gearhart Industries was acquired by Halliburton in October 1988 and merged with Welex which was already owned by Halliburton. ... Geosource EPIG Services Company Limited (Sudan) and Geosource International (Nederland) B.V. are subsidaries of Halliburton. ...

1990s

  • Following the end of the Gulf War, the Pentagon, led by then Defense Secretary Dick Cheney, paid Halliburton subsidiary Brown & Root Services over $8.5 million to study the use of private military forces with American soldiers in combat zones.[8]
  • Thomas H. Cruikshank, who served as chairman and CEO from 1989 until 1995, was replaced by Dick Cheney.
  • In the aftermath of Operation Desert Storm in Kuwait in 1991, Halliburton crews helped bring 320 burning oil wells under control.
  • In the early 1990s 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. After having pleaded guilty, the company was fined $1.2 million, with another $2.61 million in penalties.[citation needed]
  • In the Balkans conflict in the 1990s, Kellogg Brown-Root (KBR) supported U.S. peacekeeping forces in Bosnia and Herzegovina, Croatia and Hungary with food, laundry, transportation and other lifecycle management services.
  • In 1998 Halliburton merged with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton. Former United States president George H. W. Bush worked for Dresser Industries in several positions from 1948–1951, before he founded Zapata Corporation.

For other uses, see Iraq war (disambiguation). ... This article is about the United States military building. ... Thomas H. Cruikshank is a former chairman and CEO of Halliburton Energy Services from 1989 to 1995. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Richard Bruce Dick Cheney (born January 30, 1941), is the 46th and current Vice President of the United States, serving under President George W. Bush. ... Combatants U.S.-led coalition Iraq Commanders George H. W. Bush, Norman Schwarzkopf, Colin Powell Saddam Hussein, Ali Hassan Al-Majid, Hussein Kamel Strength 660,000 ~545,000 Casualties 345 dead, 1,000 wounded 25,000 - 100,000 dead, 100,000 - 300,000 wounded The 1991 Gulf War (also Persian... Dual-use is a term often used in politics and diplomacy to refer to technology which can be used for both peaceful and military aims, usually in regard to the proliferation of nuclear weapons. ... Pulse neutron generator accelerators generate neutrons of 2. ... Balkan redirects here. ... Dresser Industries was a multinational corporation headquartered in Dallas, Texas, which provides a wide range of technology, products, and services used for developing energy and natural resources. ... Prescott Sheldon Bush (May 15, 1895 – October 8, 1972) was a United States Senator from Connecticut and a Wall Street executive banker with Brown Brothers Harriman. ... Dresser Industries was a multinational corporation headquartered in Dallas, Texas, which provides a wide range of technology, products, and services used for developing energy and natural resources. ... George Herbert Walker Bush (born June 12, 1924) was the 41st President of the United States, serving from 1989 to 1993. ... Zapata Petroleum Corporation, an oil exploration company, was created by George H. W. Bush in 1953, along with his business partners John Overbey, and brothers Hugh and Bill Liedtke. ...

2000s

  • In December 2000, KBR agreed to build two FPSOs for Petrobras (Barracuda and Caratinga). By the time the project was complete, KBR had lost approximately $1billion on the contract.
  • On 10 April 2001 the Dresser division (excluding the former Kellogg division) entered an agreement to separate itself once again from Halliburton by management purchasing its equity, the new company to be called Dresser Inc.
  • In 2001 The Wall Street Journal reported that a subsidiary of Halliburton Energy Services called Halliburton Products and Services Ltd. (HPS) opened an office in Tehran. The company, HPS, operated "behind an unmarked door on the ninth floor of a new north Tehran tower block." Although HPS was incorporated in the Cayman Islands in 1975 and is "non-American", it shares both the logo and name of Halliburton Energy Services and, according to Dow Jones Newswires offers services from Halliburton units world-wide through its Tehran office. Such behavior, undertaken while Cheney was CEO of Halliburton, may have violated the Trading with the Enemy Act. A Halliburton spokesman, responding to inquiries from Dow Jones, said "This is not breaking any laws. This is a foreign subsidiary and no US person is involved in this. No US person is facilitating any transaction. We are not performing directly in that country." No legal action has been taken against the company or its officials. [citation needed]
  • In 2002, Judicial Watch, a public action law firm, filed suit on behalf of shareholders against Halliburton, its current and former directors, and its accounting firm, Arthur Andersen LLP and Arthur Andersen Worldwide, for alleged accounting irregularities, said to be profit inflation by accounting for cost overruns as revenue. The U.S. Securities and Exchange Commission (SEC) investigated the same issue. Halliburton counters that the practice was approved by its accounting firm, Arthur Andersen, and conforms to generally accepted accounting practices. In August, 2004, Halliburton paid a $7.5 million fine to settle the issue.
  • In April 2002, KBR was awarded a $7 million contract to construct steel holding cells at Camp X-Ray.[9]
  • From 1995–2002, Halliburton KBR has been awarded at least $2.5 billion but has spent considerably less to construct and run military bases, some in secret locations, as part of the Army's Logistics Civil Augmentation Program.[8]
  • In November 2002, KBR was tasked to plan oil well firefighting in Iraq, and in February 2003 was issued a contract to conduct the work. Critics contend that it was a no-bid contract, awarded 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.[10] Others contend, however, that this was not strictly a no-bid contract, and was invoked under a contract that KBR won "in a competitive bid process."[11] The contract, referred to as LOGCAP, is a contingency-based contract that is invoked at the convenience of the Army. Because the contract is essentially a retainer, specific orders are not competitively bid (as the overall contract was). It has also been argued that when the contract was invoked in a similar manner during the Balkans crisis (when Bill Clinton was president), there was no controversy and very little scrutiny of the contract; proponents of this viewpoint argue that the KBR's LOGCAP contract was made a political issue by opponents of Bush and Cheney.[11]
  • As of 2003, Halliburton was still operating in Iran. CNN, in a report entitled "US companies are operating in Iran despite sanctions," reported that a Halliburton spokesperson told the news agency that HPS helps Iran build large oil rigs in the country's south.
  • In February 2004, the Government Accountability Office (GAO) released a report on government contractorsPDF (774 KiB) that use offshore tax havens. It ranks the contractors in terms of the size of the contractors and provides information about how many subsidiaries the companies have offshore. Using data of the end of 2001, Halliburton ranked 30, had 17 offshore companies in tax havens, and 131 foreign subsidiaries.
  • In October of 2004, Halliburton opened a new 250,000 square foot facility on 35-acres, replacing an older facility that opened in 1948, in Rock Springs, Wyoming. With over approximately 500 employees, Halliburton is one of the largest private employers in Sweetwater County.[14]
  • In September 2005, under a competitive bid contract it won in July of 2005, to provide debris removal and other emergency work associated with natural disasters, KBR started assessment of the cleanup and reconstruction of Gulf Coast U.S. Marine and U.S. Navy facilities that were damaged in the aftermath of Hurricane Katrina. The facilities include: Naval Air Station Pascagoula, Naval Station Gulfport, Stennis Space Center in Mississippi, two smaller U.S. Navy facilities in New Orleans and others in the Gulf Coast region. KBR has had similar contracts for more than 15 years.
  • On January 24, 2006 Halliburton’s subsidiary KBR (formerly Kellogg, Brown and Root) announced that it had been awarded a $385 million contingency contract by the Department of Homeland Security to build "temporary detention and processing facilities" or internment camps. According to Business Wire, this contract will be executed in cooperation with the U.S. Army Corps of Engineers, Fort Worth District. Critics point to the Guantanamo Bay detention camp as a possible model. On the other hand, 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.S., or to support the rapid development of new programs. The contingency support contract provides for planning and, if required, initiation of specific engineering, construction and logistics support tasks to establish, operate and maintain one or more expansion facilities."[15] We may compare Dave Lindorff who reports in CounterPunch that "these detention camps [are] reportedly capable of confining as many as 400,000 people, and a recent report [states] that the Pentagon has a document, dated June 1, 2007, classified Top Secret, which declares there to be a developing 'insurgency' within the U.S, and which lays out a whole martial law counterinsurgency campaign."[16]
  • On April 15, 2006, Halliburton filed a registration statement with the Securities and Exchange Commission to sell up to 20 percent of its KBR stock on the NYSE under the ticker symbol "KBR", as part of an eventual plan for KBR to be a separate company from Halliburton.[17]

Terra Nova FPSO A Floating Production, Storage and Offloading vessel (FPSO; also called a unit and a system) is a type of floating tank system used by the offshore oil and gas industry and designed to take all of the oil or gas produced from a nearby platform (s), process... Petrobras, short for Petróleo Brasileiro S.A., is a government-owned Brazilian oil company headquartered in Rio de Janeiro. ... is the 100th day of the year (101st in leap years) in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Dresser, Inc. ... The Wall Street Journal (WSJ) is an international daily newspaper published by Dow Jones & Company in New York City, New York, USA, with Asian and European editions, and a worldwide daily circulation of more than 2 million as of 2006, with 931,000 paying online subscribers. ... For other uses, see Tehran (disambiguation). ... Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. ... Im sorry, I dont really know how to use Wikipedia. ... Also see: 2002 (number). ... Judicial Watch is a American government watchdog organization founded in 1994. ... For the U.S. Supreme Court case commonly known as Arthur Andersen, see Arthur Andersen LLP v. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... Camp X-Ray, shown here under construction, was a temporary holding facility for detainees held at U.S. Naval Base Guantanamo Bay, Cuba. ... KBR can stand for: Kellogg, Brown and Root - American engineering and construction company Key based routing Royal Library of Belgium The ISO 639 linguistic identifier code for the Ethiopian language Kaffa (or Kafa). ... This article or section does not adequately cite its references or sources. ... The Securities and Exchange Commission (SEC) requires public companies to file reports regularly so that they can be made available to the public. ... Bribery is a crime implying a sum or gift given alters the behaviour of the person in ways not consistent with the duties of that person. ... “Taxes” redirects here. ... 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January events January 1 Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... The Cable News Network, commonly known as CNN, is a major cable television network founded in 1980 by Ted Turner. ... General Accounting Office headquarters, Washington, D.C. The Government Accountability Office (GAO) is the non-partisan audit, evaluation, and investigative arm of Congress, and an agency in the Legislative Branch of the United States Government. ... “PDF” redirects here. ... A kibibyte (a contraction of kilo binary byte) is a unit of information or computer storage, commonly abbreviated KiB (never kiB). 1 kibibyte = 210 bytes = 1,024 bytes The kibibyte is closely related to the kilobyte, which can be used either as a synonym for kibibyte or to refer to... An offshore financial centre (or OFC), although not precisely defined, is usually a low-tax, lightly regulated jurisdiction which specialises in providing the corporate and commercial infrastructure to facilitate the use of that jurisdiction for the formation of offshore companies and for the investment of offshore funds. ... A tax haven is a place where certain taxes are levied at a low rate or not at all. ... An offshore financial centre (or OFC), although not precisely defined, is usually a low-tax, lightly regulated jurisdiction which specialises in providing the corporate and commercial infrastructure to facilitate the use of that jurisdiction for the formation of offshore companies and for the investment of offshore funds. ... A subsidiary is a corporation controlled by another. ... Rock Springs is a city in Sweetwater County, Wyoming, United States. ... Sweetwater County is a county located in the state of Wyoming. ... The Gulf of Mexico is a major body of water bordered and nearly landlocked by North America. ... United States Marine Corps Emblem The United States Marine Corps (USMC) is the second smallest of the five branches of the United States armed forces, with 170,000 active and 40,000 reserve Marines as of 2002. ... The United States Navy (USN) is the branch of the United States armed forces responsible for naval operations. ... This article is about the Atlantic hurricane of 2005. ... This article is about the U.S. state. ... New Orleans is the largest city in the state of Louisiana, United States of America. ... This article is about the usage and history of the terms concentration camp, internment camp and internment. ... Business Wire logo == THIS POSTING MAY BE IN VIOLATION AND MAY NEED TO BE EDITED. IT READS AS AN ADVETISIMENT AND ITS CLAIMS HAVE NOT BEEN VERIFIED. == Business Wire is a company that disseminates full-text news releases from thousands of companies and organizations worldwide to news media, financial markets... Wikisource has original text related to this article: Detention, Treatment, and Trial of Certain Non-Citizens in the War Against Terrorism Wikisource has original text related to this article: Statement of Alberto J Mora on interrogation abuse, July 7, 2004 Guantanamo Bay detention camp is a joint military prison and... Counterpunch can refer to: In traditional typography, a counterpunch is a type of punch used to create the negative space in or around a character. ... The Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ...

Iraq controversy

Wikinews has related news:
Civilians testify to Halliburton fraud, coercion

Halliburton is the only company mentioned by Osama bin Laden in an April 2004 tape in which he claims that "this is a war [in Iraq] that is benefiting major companies with billions of dollars."[18] Image File history File links WikiNews-Logo. ... Wikinews is a free-content news source and a project of the Wikimedia Foundation. ... Osama bin Muhammad bin Awad bin Laden (Arabic: ‎; born March 10, 1957[1]), most often mentioned as Osama bin Laden or Usama bin Laden, is a Saudi Arabian militant Islamist and is widely believed to be one of the founders of the organization called al-Qaeda. ...


Halliburton $8.3 billion LOGCAP[19] contract, was supposed to supply American troops and support personnel with food, fuel, housing and logistical support. Yet performance has been plagued by cost overruns and shoddy results. Inserting Halliburton as middleman for the operation of dining halls increased costs by more than 40% .With the motivation of a cost-plus contract , Halliburton kept its own personnel at the deluxe Kuwait Hilton Hotel, where the excess costs ran in the range of $300,000 per month. Examination of seven LOGCAP task orders with a combined value of $4.33 billion identified unsupported costs totaling $1.82 billion. Nearly half of every dollar spent (42 cents) could not be justified and yet the Pentagon paid the costs anyway.


But the trouble goes beyond mere money. Some of Halliburton’s practices smack more of bad faith than poor performance. Halliburton billed the government for 42,000 meals a day for our troops, but only served 14,000 meals a day. Halliburton drove convoys of empty trucks through the desert, putting drivers and security personnel at risk. It was paid to run trips and it didn’t matter if trucks ran empty. Some patriotic Americans who went to Iraq to earn a living and rebuild a country died in those convoys.


Halliburton charged the government $45 for cases of locally produced soda and $100 to Wash bags of laundry. Halliburton paid local citizens 50 cents an hour for laundry work. Rather than caring for its equipment, Halliburton bought new equipment and was re-imbursed for the full cost, plus its additional cost-plus percentage. With this incentive, Halliburton abandoned or destroyed $85,000 trucks if they got a flat tire or experienced mechanical problems, and never changed the oil. Halliburton exposed troops and civilians to contaminated water from Iraq’s Euphrates River that they were contracted to purify before use. Halliburton was contracted to feed 600 Turkish and Filipino workers meals .according to their customs. Halliburton charged the government for the service but didn’t prepare the meals. Instead, the Turkish and Filipino workers were given leftover food in boxes and garbage bags after the troops ate. Sometimes there were no leftovers to give them. "[20]


Internet pundit John Burnett has described Halliburton's deals as recalling a Vietnam-Era controversy. He claims Vice President Cheney's ties to the company are reminiscent of President Lyndon B. Johnson's relationships with Brown & Root.[2] John Patrick Burnett (born September 19, 1945) is a Liberal Democrat politician in the United Kingdom, and was Member of Parliament for Torridge and West Devon until he stepped down at the 2005 general election. ... LBJ redirects here. ... ...


Oil Failures

Halliburton’s $2.5 billion no-bid RIO contract was supposed to pay for itself as well as reconstruction of the entire country. Had the contract been fulfilled correctly, Iraq would be able to export much more oil from its northern oil fields. Instead, the oil fields are barely usable and access to international markets is severely limited. Halliburton’s work on the pipeline crossing the Tigris river at Al Fatah was a critical failure. Against the advice of its own experts, Halliburton tried to dig a tunnel through a geological fault zone. The underground terrain was a jumble of boulders, voids, cobblestones and gravel impossible for the kind of drilling Halliburton planned. No driller in his right mind would have gone ahead, said Army geologist Robert Sanders when the military finally sent people to inspect the work .But the geologists didn’t understand what the business managers knew: that Halliburton would get paid no matter what. Look up rio, río, Rio in Wiktionary, the free dictionary. ... The Tigris is the eastern member of the pair of great rivers that define Mesopotamia, along with the Euphrates, which flows from the mountains of Anatolia through Iraq. ...


Halliburton spent every nickel of the $75.7 million allocated to the river crossing, including $100,000 a day while crews sat idle while drill bits were broken and equipment jammed. They never reported their poor results, changed their approach or were penalized for their failure.


The Inspector General estimated the money lost from oil exports at $5 million a day. After Halliburton spent all the money, the U.S. issued a new $66 million job order dedicated to the same task.


President George Bush, June 2005 had this to say “In the past year, we have made significant progress. We are improving roads, and schools, and health clinics and working to improve basic services like sanitation, electricity, and water. And together with our allies, we will help the new Iraqi government deliver a better life for its citizens.” People George W. Bush (born 1946), 43rd (and current) President of the United States (2001–present) and son of George H. W. Bush George H. W. Bush (born 1924), 41st President of the United States (1989–1993) and father of George W. Bush George P. Bush (born 1976), son of...


Whistle blowing after Iraq war

Bunnatine Greenhouse, a 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. The seriousness of her allegations prompted the U.S. Justice Department, the Federal Bureau of Investigation (FBI) and the pentagon's inspector general to open criminal investigations that continue today. Bunnatine (Bunny) Greenhouse, is a former Chief Contracting Officer of the United States Army Corps of Engineers. ... Balkan redirects here. ... The Federal Bureau of Investigation (FBI) is a federal criminal investigative, intelligence agency, and the primary investigative arm of the United States Department of Justice (DOJ). ... Look up pentagon in Wiktionary, the free dictionary. ...


Greenhouse stated in a congressional hearing in June, 2005."I can unequivocally state that the abuse related to contracts awarded to KBR represents the most blatant and improper contract abuse I have witnessed during the course of my professional career," KBR can stand for: Kellogg, Brown and Root - American engineering and construction company Key based routing Royal Library of Belgium The ISO 639 linguistic identifier code for the Ethiopian language Kaffa (or Kafa). ...


In one of the many examples of abuse, Greenhouse said that military auditors caught Halliburton overcharging the Pentagon for fuel deliveries into Iraq .She also complained that Defense Secretary Donald Rumsfeld's office took control of every aspect of Halliburton's $7 billion no-bid Iraqi oil- infrastructure contract .As a result of her whistle blowing soon she was demoted on grounds of poor performance though USACE [21] Greenhouse, has received excellent performance ratings in the past. Greenhouse's attorney, Michael Kohn, stated in the New York Times that "She is being demoted because of her strict adherence to procurement requirements and the Army's preference to sidestep them when it suits their needs"


Response by Halliburton

1.Selling of KBR Subsidiary


In November 2006, Halliburton started off-loading its stake in the KBR subsidiary. By February 2007, Halliburton had completely sold off the subsidiary. This came after it was indicted of “Overcharging” by Pentagon audit reports. In June 2007, just days after Stewart Bowen, the Special Inspector General released a new report which explains how KBR has been gouging taxpayers from inside the Green Zone, the Army announced that KBR will divvy up another $150 billion with two other contractors Fluor and Dyncorp [22] over the next ten years. KBR can stand for: Kellogg, Brown and Root - American engineering and construction company Key based routing Royal Library of Belgium The ISO 639 linguistic identifier code for the Ethiopian language Kaffa (or Kafa). ... Look up pentagon in Wiktionary, the free dictionary. ...


2.Shifting of Corporate Headquartered to Dubai Halliburton has now decided to shift its corporate headquarters to the city of Dubai in United Arab Emirates. Coordinates: , Emirate Government  - Emir Sheikh Mohammed bin Rashid Al Maktoum Area [1]  - Metro 4,114 km² (1,588. ...


Power Relationship

Some of the key points related to this are as follows:


1.U.S. troops in Iraq worst sufferers.


2.Information regarding the scandals leaked by Iraq war veterans For other uses, see Iraq war (disambiguation). ...


3.Taxpayers money siphoned away by collusion with govt.


4.Four protagonists in the story – Authorities, Halliburton, Taxpayer and Troops in Iraq


Financials

The company's contracts in Iraq are expected to have generated more than $13 billion in revenue by the time they start to expire in 2006, but most offer low margins — less than 2% on average in 2003 and just 1.4% this year for the logistics work [citation needed] making these contracts less profitable than Halliburton's core energy business. The contracts in Iraq will be more profitable after the US Army reimburses them for costs that were originally investigated as potentially inflated. [citation needed] Meanwhile, KBR reconstruction contracts in Iraq 'tracked' by the US Department of Defense were shown to include as much as 55% of total project costs as overhead.[23] Gross margin can be defined as the amount of contribution to the business enterprise, after paying for direct variable unit costs, required to cover overheads (fixed commitments) and provide a buffer for unknown items. ... Look up Logistics in Wiktionary, the free dictionary. ...


KBR has contracts in Iraq worth up to $18 billion, including a single no-bid contract known as "Restore Iraqi Oil" (RIO) which has an estimated worth of $7 billion.[citation needed] This article or section does not adequately cite its references or sources. ... A controversial no bid contract awarded to KBR, a subsidiary of Halliburton, during the 2003 occupation of Iraq. ...


An audit of KBR by The Pentagon’s Defense Contract Audit Agency (DCAA) found $108 million in "questioned costs" and, as of mid-March 2005, said they still had "major" unresolved issues with Halliburton.[citation needed] This article is about the United States military building. ... The Defense Contract Audit Agency (DCAA), under the authority, direction, and control of the United States Under Secretary of Defense (Comptroller), is responsible for performing all contract audits for the Department of Defense (DoD), and providing accounting and financial advisory services regarding contracts and subcontracts to all DoD Components responsible...


Ties with Dick Cheney

In recent years the company has become the center of several controversies involving the 2003 Iraq War and the company's ties to U.S. Vice President Dick Cheney. Cheney retired from the company during the 2000 U.S. presidential election campaign with a severance package worth $34 million.[24] As of 2004, he had received $398,548 in deferred compensation from Halliburton while Vice President.[25] Concerns have been raised regarding the possible conflict of interest resulting from Cheney's deferred compensation and stock options from Halliburton. However, before entering office in 2001, Cheney bought an insurance policy that guaranteed a fixed amount of deferred payments from Halliburton each year for five years so that the payments would not depend on the company's fortunes.[25] He is legally bound by an agreement he signed which turns over power of attorney to a trust administrator to sell the options at some future time and to give the after-tax profits to three charities. The agreement specifies that 40% will go to the University of Wyoming (in Cheney's home state), 40% will go to George Washington University's medical faculty to be used for tax-exempt charitable purposes, and 20% will go to Capital Partners for Education. The agreement states that it is "irrevocable and may not be terminated, waived or amended," preventing Cheney from taking back the options at a later date.[25] For other uses of the term, see Iraq war (disambiguation) The 2003 invasion of Iraq (also called the 2nd or 3rd Persian Gulf War) began on March 20, 2003, when forces belonging primarily to the United States and the United Kingdom invaded Iraq without the explicit backing of the United... Richard Bruce Dick Cheney (born January 30, 1941), is the 46th and current Vice President of the United States, serving under President George W. Bush. ... Map The U.S. presidential election of 2000 took place on Election Day, Tuesday, November 7. ... Compensation that is being earned but not received, a process that defers the taxes on the compensation until it is actually received at a later date. ... A conflict of interest is a situation in which someone in a position of trust, such as a lawyer, a politician, or an executive or director of a corporation, has competing professional or personal interests. ... An Insurance contract determines the legal framework under which the features of an insurance policy are enforced. ... A power of attorney or letter of attorney in common law systems or mandate in civil law systems is an authorization to act on someone elses behalf in a legal or business matter. ... The University of Wyoming is a land-grant university located in Laramie, Wyoming, situated on Wyomings high Laramie Plains, at an elevation of 7,200 feet (2194 m), between the the Laramie and Snowy Range mountains. ... The George Washington University (GW), is a private, coeducational university located in the Foggy Bottom neighborhood of Washington, D.C. The school was founded in 1821 as The Columbian College in the District of Columbia by Baptist ministers using funds bequeathed by George Washington. ...


Employee safety

Halliburton does not arm its truck drivers, who in Iraq are often the target of insurgent attacks. In one case, on September 20, 2005, a Halliburton convoy of four trucks was ambushed north of Baghdad. All four trucks were struck by IEDs and were disabled. Their US National Guard escort was thought to have abandoned the disabled vehicles, leaving the unarmed truck drivers defenseless. Three of the four truck drivers were executed by the insurgents while the surviving driver, Preston Wheeler, caught the event on video. It was 45 minutes before the US military arrived again at the scene.[26] However, in a statement by senior military officials in Iraq, an investigation revealed that troops did not abandon the civilians and were exiting the "kill zone" during the ambush.[27] is the 263rd day of the year (264th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Munitions rigged for an IED discovered by Iraqi police in Baghdad, November 2005. ...


Halliburton in the media

  • Iraq for Sale: The War Profiteers is a 2006 documentary by Robert Greenwald.
  • The War Tapes is a 2006 documentary filmed by actual soldiers during their deployment in Iraq. Notably, Halliburton is mentioned to be charging the USA $28 each for the disposable picnic plates given to the soldiers in the mess hall that their meals are served on.
  • In Marvel Comics' Fantastic Four Halliburton has received many of the no-bid contracts for the repair of the Baxter Building. Reed Richards said that they overcharged for the work.[28]
  • Halliburton was mentioned in the Jib Jab shortie "Good to be in D.C." with the lyrics "I wish my winnings were a bit more certain, I better call my friends at Halliburton" sung by a George W. Bush impersonator.
  • In the Faithless song Mass Destruction the lyrics "Whether Halliburton, Enron or anyone, greed is a weapon of mass destruction".

Robert Greenwald (born August 28, 1945 in New York, New York) is an American film director, producer and political activist recently noted for his documentaries critical of Fox News and of the Bush Administration, as well as numerous award-winning television movies from the 1980s and 1990s. ... The War Tapes is the first war documentary filmed by soldiers themselves. ... This article is about the comic book company. ... For other uses, see Fantastic Four (disambiguation). ... This article or section does not adequately cite its references or sources. ... The Baxter Building is a fictitious Manhattan 35-story office building whose five upper floors house the Fantastic Fours headquarters in the Marvel Universe. ... Mister Fantastic is a Marvel Comics superhero who is the leader of the Fantastic Four. ... The JibJab logo, with its Victorian era appearance, illustrates the influence of Terry Gilliam on the duos animation JibJab is a website featuring Macromedia Flash cartoons. ... Faithless are a British band whose music is described by the band as a cross between hip-hop and dance. ... Weapons of mass destruction (WMD) generally include nuclear, biological, chemical and, increasingly, radiological weapons. ...

See also

The list of oilfield service companies includes companies that provide services to the petroleum exploration and production industry but that do not typically produce petroleum themselves. ... A private military contractor (PMC) is a corporation that provides armed forces trained in combat, private military, for other corporations, organizations, individuals and state military forces. ...

References

  1. ^ a b "Halliburton Announced Full Year and Fourth Quarter Results" - Halliburton.com - 2007-01-26 - (Adobe Acrobat *.PDF document)
  2. ^ "Halliburton Opens Corporate Headquarters in the United Arab Emirates" - 2007 Press Releases - at Halliburton.com - March 11, 2007
  3. ^ "Halliburton to Move Headquarters to Dubai" - All Things Considered - NPR - March 12, 2007
  4. ^ Steffy, Loren. "Halliburton heralds Houston's hereafter" - Houston Chronicle - March 14, 2007
  5. ^ Steffy, Loren. "Sound Off: Halliburton's Dubai kiss" - Houston Chronicle - March 14, 2007
  6. ^ "Halliburton Completes Separation of KBR" - 2007 Press Releases - Halliburton.com - April 5, 2007
  7. ^ http://www.halliburtonwatch.org/about_hal/asbestos.html
  8. ^ a b Yeoman, Barry. "Soldiers of Good Fortune", Mother Jones, 2003-06-01. Retrieved on 2007-05-08. 
  9. ^ http://www.motherjones.com/news/outfront/2004/01/12_400.html
  10. ^ "Halliburton's Iraq role expands", BBC News, 2003-05-07. Retrieved on 2006-04-28. 
  11. ^ a b York, Byron (July 14, 2003). "Halliburton: The Bush/Iraq Scandal that Wasn't". National Review. Retrieved on 2006-04-28. 
  12. ^ http://www.theage.com.au/articles/2003/05/10/1052280472817.html
  13. ^ http://www.chron.com/cs/CDA/ssistory.mpl/business/1902750
  14. ^ "Halliburton Opens New Facility in Southwest Wyoming" - 2004 Press Releases at Halliburton.com - October 28, 2004
  15. ^ http://www.halliburton.com/default/main/halliburton/eng/news/source_files/news.jsp?newsurl=/default/main/halliburton/eng/news/source_files/press_release/2006/kbrnws_012406.html
  16. ^ http://counterpunch.org/lindorff07272007.html
  17. ^ http://library.corporate-ir.net/library/67/676/67605/items/199968/KBR_S1.pdf
  18. ^ http://news.bbc.co.uk/1/hi/world/middle_east/3628069.stm
  19. ^ http://www.halliburtonwatch.org/about_hal/logcap.html
  20. ^ http://www.halliburtonwatch.org/about_hal/logcap.html
  21. ^ http://www.usace.army.mil/
  22. ^ http://www.reuters.com/article/ousiv/idUSN2833255320070629
  23. ^ http://www.nytimes.com/2006/10/25/world/middleeast/25reconstruct.html
  24. ^ http://www.guardian.co.uk/international/story/0,3604,1150320,00.html
  25. ^ a b c Kerry Ad Falsely Accuses Cheney on Halliburton. FactCheck.org (September 30, 2004). Retrieved on 2006-04-11.
  26. ^ http://blogs.abcnews.com/theblotter/2006/09/exclusive_us_tr.html
  27. ^ http://www.mnf-iraq.com/index.php?option=com_content&task=view&id=6056&Itemid=18
  28. ^ McDuffie, Dwayne; Mike McKone (January 2007). "". Fantastic Four (541). 

Adobe Acrobat is a family of application software by Adobe Systems. ... All Things Considered (ATC) is a news radio program in the United States, broadcast on the National Public Radio network. ... NPR logo For other meanings of NPR see NPR (disambiguation) National Public Radio (NPR) is a private, not-for-profit corporation that sells programming to member radio stations; together they are a loosely organized public radio network in the United States. ... The Houston Chronicle is a daily newspaper in Houston, Texas, United States. ... The Houston Chronicle is a daily newspaper in Houston, Texas, United States. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 128th day of the year (129th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... is the 127th day of the year (128th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 118th day of the year (119th in leap years) in the Gregorian calendar. ... is the 195th day of the year (196th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 118th day of the year (119th in leap years) in the Gregorian calendar. ... is the 273rd day of the year (274th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 101st day of the year (102nd in leap years) in the Gregorian calendar. ... Dwayne McDuffie is a comic book animation writer and a creator of the Emmy Award winning show Static Shock. ... An editor has expressed a concern that the subject of the article does not satisfy one of the guidelines for inclusion on Wikipedia on one of the following topics: If you are familiar with the subject matter, please expand the article to establish its notability, citing reliable sources. ... For other uses, see Fantastic Four (disambiguation). ...

External links

Wikimedia Commons has media related to:
Halliburton

Editorials from Halliburton Executives Image File history File links Commons-logo. ...

  • World Energy Magazine - Mega-Mergers Riding The Wave Or Changing The Market? by William E. Bradford Former Chairman Halliburton Corporation
  • World Energy Magazine - Balancing the Energy, Environment and Economy Equation by Ken R. LeSuer Former Vice-Chairman Halliburton Company
  • World Energy Magazine - Knowledge Management and New IT Architecture Will Maximize Upstream Value Creation by John W. Gibson Former Senior Executive and President and CEO Landmark Graphics Corporation
  • World Energy Magazine - Re-inventing the E&P Value Chain by Robert P. Peebler Vice President, Halliburton and Former CEO of Landmark Graphics
  • Halliburton official corporate site
  • World Internet News: "Big Oil Looking for a Government Handout," April 2006.
  • HAL: Summary for HALLIBURTON HLDG CO - Yahoo! Finance
  • Halliburton awarded US$200 million contract for work in Malaysia - Oilweek Magazine
  • Halliburton stock performance chart from GStock
  • The World According to Halliburton
  • Halliburton Watch
  • Halliburton at SourceWatch
  • Independent Media TV - Dick Cheney and Halliburton media watch
  • Halliburton Company from The Handbook of Texas
  • Kerry Ad Falsely Accuses Cheney on Halliburton from Factcheck.org, 30 September 2004
  • Halliburton Is a Handy Target for Democrats from The Washington Post 18 September 2004
  • The Halliburton Agenda: The Politics of Oil and Money from Democracy Now 17 May 2004
  • A Halliburton Primer from The Washington Post, 11 July 2002.
  • A Bill to Disclose Halliburton's Business with Iran
  • "Halliburton worker (Glenn Allen Powell) admits bribes" with KBR @ BBC News
  • What's Up With Cheney And Halliburton? from About.com Conservative Politics
  • Haliburton on KBTV Online
  • Frontline: Private Warriors PBS special on Halliburton, KBR and other contractors in Iraq and Afghanistan
  • [3]Halliburton makes a killing on Iraq war

  Results from FactBites:
 
Handbook of Texas Online: (923 words)
Halliburton Company, one of the world's largest suppliers of the complicated technology and services needed to extract oil from beneath the earth's surface, traces its origins to a lone individual who in 1919 began "cementing" wells in the Burkburnett oilfield.
The founder of the company was a Tennessean named Erle P. Halliburton (1892-1957), whose involvement in the industry began after his discharge from the navy in 1918, when he took a job in California with the Perkins Oil Well Cementing Company, a pioneer in the field.
Halliburton became so intrigued with the process that he evidently became obnoxious with his multitude of suggestions, and he was fired.
Citizen Works - Halliburton, Dick Cheney, and wartime spoils (1313 words)
Halliburton recently agreed to evaluate its operations in Iran, after the Securities and Exchange Commission rebuffed the company's request to dismiss a New York City police and fire pension funds shareholder proposal for the company to examine its role in Iran.
The Halliburton story is part of a larger dynamic that should not be forgotten in a debate over contractor responsibility.
While the Halliburton contracts reek of blatant cronyism, almost all the major firms that provide this kind of work are tied to the administration.
  More results at FactBites »

 
 

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