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In 1998, Dresser merged with its main rival Halliburton. [1] Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five ...
KBR and Halliburton also paid $177m USD in disgorgement of profits to the Securities and Exchange Commission (SEC) due a civil complaint filed by the SEC relating to the FCPA charges. [49] Former CEO Albert Jackson Stanley, who ran KBR when it was a subsidiary to Halliburton, was sentenced to 30 months in prison via plea agreement. [50] [51]
Over the next seven years, Halliburton launched Halliburton Company Germany GmbH, set up operations in Argentina and established a subsidiary in England. By 1951, HOWCO had service centers operating in Canada, Venezuela, Peru, Colombia, Saudi Arabia and Indonesia. [22] Halliburton revenues topped $100 million for the first time in 1952. [22]
In 2018, the Dresser-Rand Government Business unit of Siemens Government Technologies was sold to Curtiss-Wright Corporation for $212.5 million in cash. [19] At the time of acquisition, Dresser-Rand was an exclusive supplier of steam turbines and main engine guard valves across all aircraft carrier programs.
Halliburton declined to comment in response to Reuters' requests for additional information on the nature of data removed and expenses incurred due to the cyber incident. U.S energy firms have ...
Wellstream was acquired by Dresser Industries in 1995 and subsequently became part of Halliburton when it merged with Dresser in 1998. Halliburton sold off Wellstream to a Candover -led consortium for $136 million in 2003, [ 3 ] which in turn listed the firm on the London Stock Exchange in April 2007. [ 4 ]
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