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In May 2003, Halliburton revealed in SEC filings that its KBR subsidiary had paid a Nigerian official $2.4 million in bribes in order to receive favorable tax treatment., [37] [38] United Arab Emirates In October 2004, after emerging from the bankruptcy protection, [39] Halliburton opened a new 250,000-square-foot (23,000 m 2) facility on 35 ...
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]
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 ...
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Halliburton (HAL) launches the Ovidius isolation system that operators will deploy in wellbore isolation applications to enhance well integrity. Halliburton (HAL) Introduces Advanced Tech for ...
[3] [4] An improved bid from Halliburton was then rejected by the Expro board, a position backed by the High Court after an appeal lodged by a group of activist shareholders. [5] The acquisition of Expro by Umbrellastream was completed in July 2008. [6] In March 2021 Expro announced a merger with Frank's International. [7]
In September 1999, Dresser Industries merged with Halliburton Industries, and transferred its 51% ownership interest of Dresser-Rand Company to Halliburton. [11] Due to agreements made in the original venture, Dresser Industries, then a unit of Halliburton, was required to either purchase the remaining interest in Dresser-Rand Company or sell ...