Latest Halliburton Stories
Recent KBR Guilty Plea May Be First of Many MINNEAPOLIS, Feb. 19 /PRNewswire-USNewswire/ -- KBR is apparently one of many companies whose use of third parties exceeds its controls over them. That is the conclusion of research just conducted this year by the Society of Corporate Compliance and Ethics (SCCE). Despite the proliferation of third party relationships in business, relatively few companies set ethics and compliance expectations on the companies that they rely on to act on their...
U.S. oil service giant Halliburton and former subsidiary Kellogg Brown & Root have settled an international bribery case for $579 million, officials said. Authorities charged the companies with funneling funds to Nigerian officials through intermediaries in Tokyo and Gibraltar to secure $6 billion worth of construction contracts over a 10-year period, The Washington Post reported Thursday. KBR pleaded guilty in the case while Halliburton admitted no wrongdoing, the newspaper said. But,...
Saratoga Resources, Inc. (OTCBB:SROE) (the "Company") today provided an operational update relating to activities in the Grand Bay and Vermilion 16 Fields. Grand Bay Field The Company currently has two rigs deployed in the Grand Bay field in Plaquemines Parish, Louisiana, engaged in development drilling and recompletion work in the field. The Company has a 100% working interest in the field. The Tetra 8 rig, in October, successfully completed gravel pack recompletions of the...
SanDisk Corp. (SNDK) announced today that it has entered into a non-binding memorandum of understanding with Toshiba to sell about 30% of the current manufacturing capacity of the parties' joint ventures to Toshiba. The move will significantly reduce SanDisk's capital spending, further strengthen its balance sheet and reduce NAND flash memory production commitments. SanDisk expects to receive cash and reduce equipment lease obligations by about $1 billion through this deal. Exelon Corp....
Champlain Resources Inc. ("Champlain" or the "Corporation") (TSX-V: CPL.H) provides this update on its Marcellus shale leases. Champlain has identified over 25,000 acres of Marcellus shale primarily in Pennsylvania and southern New York State. The current leases, which range from two to five years and vary from paid-up to annual rentals, are ready to be finalized and transferred to Champlain upon closing. Champlain has held meetings with Halliburton of Houston, Texas to act as project...
Research and Markets (http://www.researchandmarkets.com/research/72072e/cosmo_oil_company) has announced the addition of the "COSMO OIL Company Refining Operation Asset Summary Report" report to their offering. COSMO OIL Company Refining Operation Assets Summary Report is an essential source for company data and information. The report examines company COSMO OIL Company's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and...
Stock Market Alerts' performance stock list includes: Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE), Gilead Sciences, Inc. (NASDAQ: GILD), Corning Incorporated (NYSE: GLW) and Halliburton (NYSE: HAL). To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word "press" in the subject line to 79704. *** This free service can be discontinued at any time by replying to any one of the alerts with the word "stop." Green Star Alternative Energy, Inc....
Circle Oil, an oil and gas exploration and development company, has signed a farm-out agreement on its Ovambo Basin license in northern Namibia with Petroholland, a Dubai holding company. The license covers an area of over 70,000sqkm immediately to the south of the Angola Namibia border. Under the terms of the agreement, Petroholland will acquire a 70% undivided interest in the license with Circle retaining a 20% interest and NAMCOR, the Namibian State oil company, holding a 10% share. In...
By Stephen Foley A former colleague of the US Vice-President, Dick Cheney, has pleaded guilty to funnelling millions of dollars in bribes to win lucrative contracts in Nigeria for Halliburton, during the period in the Nineties when Mr Cheney ran the giant oil and gas services company. Albert Stanley, who was appointed by Mr Cheney as chief executive of Halliburton's subsidiary KBR, admitted using a north London lawyer to channel payments to Nigerian officials as part of a bribery scheme that...
Sperry Drilling Services, a brand of Halliburton's drilling and evaluation division, and French energy major Total have signed a project development agreement to jointly develop an ultra-high-temperature measurement-while-drilling system capable of operating in temperatures of up to 450 degrees fahrenheit. The system is expected to enable Total to effectively drill and exploit reserves in its Victoria field in the North Sea. The two companies will be utilizing new technologies to accomplish...
