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Topic: Halliburton


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In the News (Sat 11 Oct 08)

  
  Handbook of Texas Online:
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.
www.tsha.utexas.edu /handbook/online/articles/view/HH/doh8.html   (923 words)

  
 Citizen Works - Halliburton, Dick Cheney, and wartime spoils
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.
www.citizenworks.org /corp/halliburton.php   (1313 words)

  
 CBC News: the fifth estate: The Unauthorized Biography of Dick Cheney, Halliburton Years
During his five year stint at Halliburton, the company wins $2.3 billion in federal contracts, almost double the total of the previous five years, and another $1.5 billion in taxpayer-insured loans.
Halliburton is fined almost 4 million for selling products to Libya that could be used to trigger a nuclear program.
Halliburton is opposed to the U.S. embargo and lobbies congress against the Iran/Libya sanctions bill.
www.cbc.ca /fifth/dickcheney/halliburton.html   (1050 words)

  
 Asia Times Online :: Middle East News, Iraq, Iran current affairs
In letters to government auditors, Halliburton subsidiary Kellogg, Brown and Root (KBR) explained that it redacted statements it considered proprietary or "factually inaccurate or misleading" and gave consent for the release of the audits to international auditors "in redacted form".
He also alleged that although Halliburton was paid in significant part from Iraqi oil proceeds in the Development Fund for Iraq, the administration - acting at Halliburton's request - concealed these overcharges from the international auditors charged by the UN with monitoring the expenditures from the fund.
Halliburton has attributed its slow progress to attacks by insurgents, and years of neglect and lack of investment in the country's oil facilities.
www.atimes.com /atimes/Middle_East/GD23Ak01.html   (1172 words)

  
 Dick Cheney: War Profiteer
He is the personification of a war profiteer who slid through the revolving door connecting the public and private sectors of the defense establishment on two occasions in a career that has served his relentless quest for power and profits.
Halliburton was the principal beneficiary of Cheney’s privatization efforts for our military’s logistical support and Cheney was paid $44 million for five year's work with them before he slipped back through the revolving door of war profiteering to become Vice-President of the United States.
Halliburton had created the subsidiary to allow itself to do illegal business with a rogue state and to skip out on its taxes in the process.
www.commondreams.org /views05/1117-22.htm   (1063 words)

  
 Halliburton Watch
Halliburton paid $4 million to politicians for 600% gain on contracts since 2000
Halliburton, Bechtel could be factors in border security plan
Halliburton serves contaminated water to the troops in Iraq
www.halliburtonwatch.org   (421 words)

  
 MoveOn.org: MoveOn Bulletin
It's not surprising that Cheney is avoiding the limelight: an SEC investigation is under way on accounting practices at Halliburton, the company he ran, and Congress's investigative body is still trying to determine how much of the Energy Plan he organized was shaped by oil, coal, and nuclear energy executives.
Cheney's rule at Halliburton was characterized by a ruthless geopolitical strategy that put aside political beliefs whenever they were inconvenient.
Halliburton is now being investigated by the Securities and Exchange Commission for Enron-style accounting practices that took place while Cheney was CEO.
www.moveon.org /moveonbulletin/bulletin1.html   (1868 words)

  
 USATODAY.com - Auditors question more than $108M in Halliburton charges   (Site not responding. Last check: 2007-10-13)
The Defense Contract Audit Agency also faulted Halliburton subsidiary KBR for failing to provide the records necessary to evaluate spending on the contract.
Halliburton spokeswoman Wendy Hall said Monday the company gave the auditors all of its necessary records.
Congressional Democrats critical of Halliburton's work in Iraq released the executive summary of the DCAA audit Monday.
www.usatoday.com /news/washington/2005-03-14-pentagon-halliburton_x.htm   (700 words)

  
 Halliburton - Wikipedia, the free encyclopedia
Halliburton operates two major business segments: The Energy Services Group provides technical products and services for oil and gas exploration and production, and the KBR subsidiary is a major construction company of refineries, oil fields, pipelines, and chemical plants.
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.
Halliburton and its subcontractors contend that billing discrepancies for the dining facilities stemmed from interpretive differences in their contracts, which required them to be prepared to serve a minimum number of meals per day.
en.wikipedia.org /wiki/Halliburton   (2622 words)

  
 CNN.com - Ex-Halliburton workers allege waste - Feb. 12, 2004
Halliburton, run by Cheney prior to his 2000 vice presidential campaign, has consistently denied overcharges.
Most of the allegations cited involved Halliburton's global contract for the U.S. military, which provides a wide range of nonmilitary support services in Iraq and elsewhere.
The letter was sent to the Defense Contract Audit Agency, which found in a preliminary audit that Halliburton may have overcharged taxpayers $61 million in delivery of oil to Iraq.
www.cnn.com /2004/ALLPOLITICS/02/12/halliburton.whistleblowers.ap   (461 words)

  
 Halliburton (Harpers.org)
Halliburton, which received most of its Iraq contracts by administrative fiat rather than through a competitive bidding process, admitted that its employees in Iraq have accepted $6.3 million in kickbacks.
Halliburton agreed to repay the government for $27.4 million in overcharges for military meals.
Halliburton, operating through a subsidiary in the Cayman Islands, was to start drilling for oilin Iran.
www.harpers.org /Halliburton.html   (1373 words)

  
 Salon.com News | Dick Cheney's slimy business trail
Recall that Cheney was a political hack for most of his professional life, first as a staffer in the Ford White House, then as a congressman for a decade and after that as secretary of defense under the current president's father.
In fact, CEO Cheney put Halliburton's future in doubt by engineering the acquisition of rival Dresser Industries, a move ballyhooed at the time as justification of his $2.2 million annual salary and massive stock options.
Halliburton failed to disclose its accounting shenanigans to the SEC or the company's investors for more than a year afterward, leading to more than a dozen lawsuits alleging fraud, including one by Judicial Watch.
archive.salon.com /news/col/scheer/2002/07/17/cheney   (877 words)

  
 Cheney Halliburton Circle of Corruption
Halliburton reported for the first time that "payments may have been made to Nigerian officials" by an agent representing Halliburton and three other construction firms who are building the liquefied natural gas plant.
Halliburton Co. has acknowledged officials at M.W. Kellogg Co. discussed a scheme with their business partners to bribe Nigerian leaders to win a contract to build a huge natural gas plant.
Halliburton is already facing a separate investigation in Nigeria and the United States after disclosing that some employees in Nigeria paid $2.4 million in bribes to a Nigerian who claimed to be a tax consultant and turned out to be a tax official.
www.costanzo.org /Rex/Commentary/cheney_halliburton_circle.htm   (7442 words)

  
 Al Jazeera   (Site not responding. Last check: 2007-10-13)
Halliburton, which sells about $40 million a year worth of oil field services to the Iranian Government, was secretly aiding one of Iran’s top nuclear program officials on natural gas related projects and provided the official's oil development company with the components last April, the sources said.
Halliburton, with a history of violations of U.S. law by conducting business with countries the Bush administration claims are supporting “terrorism”, was working with Cyrus Nasseri, vice chairman of the board of directors of Oriental Oil Kish, on oil and natural gas development projects in Tehran, registered in the United Kingdom and Dubai.
Halliburton sources revealed that the company sold Iran centrifuges and detonators to be used specifically for a nuclear reactor as well oil and natural gas drilling parts for well projects to Oriental Oil Kish.
www.aljazeera.com /cgi-bin/conspiracy_theory/fullstory.asp?id=244   (970 words)

  
 Democracy Now! | The Halliburton Agenda: The Politics of Oil and Money
Halliburton is the largest oil-and-gas services company in the world and it is also one of the most controversial corporations in the United States.
Halliburton has been around for 80 years, and for much of the last decade they have been dealing with governments from Iran to Azerbaijan, countries that in fact we've often had rules against doing business with, and they have deliberately gone and worked with these people in order to make a profit.
Earl Halliburton, the name sake of the company, was a guy who was hard working, he intensely disliked politics, kept his company out of politics as much as possible.
www.democracynow.org /article.pl?sid=04/05/17/1431237   (3674 words)

  
 t r u t h o u t - Waxman: Halliburton Iraq Contracts Pass $10 Billion Mark
Halliburton has now received $8.3 billion in Iraq work under its LOGCAP troop support contract and $2.5 billion under its no-bid Restore Iraqi Oil (RIO) contract, a total of $10.8 billion.
The second largest Halliburton contract is the cost-plus RIO contract to restore and operate Iraq's oil infrastructure, which Halliburton was awarded on a no-bid basis in March 2003.
Mike West, a Halliburton labor foreman, described how he and other Halliburton employees spent weeks in Iraq with virtually nothing to do, but were instructed to bill 12-hour days for 7 days a week on their timesheets.
www.truthout.org /docs_04/121004A.shtml   (1989 words)

  
 History of Halliburton   (Site not responding. Last check: 2007-10-13)
Halliburton employs more than 100,000 people in over 120 countries working in five major operating groups:
KBR, Halliburton’s engineering and construction subsidiary, employs more than 60,000 people in 43 countries.
Its strength is in engineering and project management, with a strong historical position in LNG and oil and gas projects.
www.halliburton.com /about/index.jsp   (261 words)

  
 The New Yorker : fact : content
Halliburton has become a favorite target for Democrats, who use it as shorthand for a host of doubts about conflicts of interest, undue corporate influence, and hidden motives behind Bush Administration policy—in particular, its reasons for going to war in Iraq.
Halliburton charged the United States as much as $2.38 per gallon, an amount that a Pentagon audit determined to be about a dollar per gallon too high.
Halliburton was paid $3.9 million to write its initial report, which offered a strategy for providing support to twenty thousand troops.
www.newyorker.com /fact/content/?040216fa_fact   (6083 words)

  
 The scandal sheet - Salon
The $7 billion contract was halved and Halliburton won one of the parts in a public bid.
Specifically, Halliburton's subsidiary Kellogg, Brown & Root hired a Kuwaiti company, Altanmia, to supply fuel at about twice the going rate, then added a markup, for an overcharge of at least $61 million, according to a December 2003 Pentagon audit.
Halliburton thus set up a new entity, Halliburton Products and Services Ltd., to do business in Iran, but while the subsidiary was registered in the Cayman Islands, it may not have had operations totally independent of the parent company.
dir.salon.com /story/news/feature/2005/01/18/scandal/index1.html   (949 words)

  
 AlterNet: Halliburton Makes a Killing on Iraq War
As the first bombs rain down on Baghdad, thousands of employees of Halliburton, Vice President Dick Cheney's former company, are working alongside US troops in Kuwait and Turkey under a package deal worth close to a billion dollars.
While recent news coverage has speculated on the post-war reconstruction gravy train that corporations like Halliburton stand to gain from, this latest information indicates that Halliburton is already profiting from war time contracts worth hundreds of millions of dollars.
Halliburton is also one of five large US corporations invited to bid for contracts in what may turn out to be the biggest reconstruction project since the Second World War.
www.alternet.org /story.html?StoryID=15445   (1660 words)

  
 Halliburton: Asbestos Cases Done - CBS News
Halliburton said the company anticipates funding trusts to pay the claims by the end of this month.
Halliburton announced in September that KBR, formerly known as Kellogg, Brown & Root, may be sold or spun off if its stock performance fails to improve after the conclusion of the asbestos litigation.
Halliburton and KBR have been criticized for multibillion-dollar contracts in Iraq and Kuwait to serve food, deliver fuel, handle mail and provide other services for U.S. troops.
www.cbsnews.com /stories/2005/01/03/national/main664479.shtml   (452 words)

  
 Halliburton's Sacrifice - December 22, 2004 - The New York Sun
News that among those killed in the attack at Mosul, Iraq, yesterday were seven Halliburton workers prompted us to recall some of the political criticism leveled at the company during the presidential campaign.
Kerry accused President Bush of trying "to save for Halliburton the spoils of the war." In a campaign speech in September reported in the Washington Post, Mr.
New York's senators could do the country and the memories of the dead Halliburton employees a service by urging their Democratic colleagues to desist from the politically motivated attacks on a company that is working alongside American troops to bring freedom and democracy to Iraq.
www.nysun.com /article/6670   (445 words)

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