Halliburton

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Halliburton Admits It Destroyed BP Spill Evidence

It trashed test results related to the construction of Macondo well

(Newser) - Halliburton admits it destroyed evidence related to the construction of the notorious Macondo well that ruptured in 2010 in the Gulf of Mexico and caused the biggest oil spill in US history, reports Reuters . Eleven rig workers were killed. The company will plead guilty to the charge and pay the... More »

And the Most Reputable Company in America Is...

Amazon takes top spot from Apple, while AIG is the big loser

(Newser) - Which American businesses have the best rep? Look toward the retail and electronics industries, reports MarketWatch , which shares the results of the latest Harris Interactive survey of the country's top 60 companies. It looked at six factors, among them product quality and how employees are treated. Among the leaders:... More »

Halliburton Finds Radioactive Rod Lost in Texas

Crew used it to find fracking sites in the desert

(Newser) - Halliburton finally tracked down the radioactive rod it lost in Texas about a month ago, ending fears that someone might discover it and suffer permanent injury, the Guardian reports. A three-man company crew lost the rod while identifying possible fracking sites between Pecos and Odessa on Sept. 11. Since then,... More »

BP Faces $52B in Gulf Spill Fines

With trial to begin tomorrow, lawyers negotiating furiously

(Newser) - With the trials set to begin tomorrow for BP and the other companies involved in the 2010 Gulf of Mexico oil spill, BP alone could conceivably face up to $52 billion in fines and compensation, reports the AP . Under the Clean Water Act, which requires a minimum of $1,100... More »

BP: Halliburton Torched Evidence in Gulf Oil Spill

And computer modeling data 'inexplicably missing'

(Newser) - Halliburton has both intentionally destroyed and conveniently lost evidence relating to the Deepwater Horizon disaster , according to court documents filed by BP. “Halliburton has steadfastly refused to provide these critical testing and modeling results in discovery,” BP’s court filing says, according to CNN . “BP has now... More »

Halliburton Earnings Shoot Up 54%

Oil giant credits strong demand

(Newser) - Halliburton says the expansion of oil and natural gas drilling in North America helped boost company earnings by nearly 54% in the second quarter. Revenue also hit a company record for the period. The Houston oil services giant reported earnings of $739 million, or 80 cents per share today, with... More »

Texas Woman Loses Rape Case Against KBR

She claimed employees of the military contractor assaulted her

(Newser) - A woman who brought a high-profile rape case against military contractor KBR has lost her suit. A jury in Houston yesterday rejected Jamie Leigh Jones' claims that she was drugged and raped by several KBR firefighters while working in Baghdad in 2005, reports the Houston Chronicle . One of the firefighters... More »

Worker Tells of Rape by US Contractor Crew in Iraq

Jamie Leigh Jones suing KBR

(Newser) - A former employee of US contractor KBR recounted a horrifying ordeal in which she was drugged, gang-raped in Iraq by other workers, and then locked in a shipping container by two company guards so she couldn't go to authorities. Jamie Leigh Jones, now 26, testified in a Texas courtroom... More »

Halliburton More Than Doubles Its Profits in Q1

North American drilling, high oil prices help

(Newser) - Despite challenges arising from political unrest in the Arab world, Halliburton's net income has more than doubled during the first quarter of 2011. The oil-field services company credits the soaring earnings to an increase in unconventional North American oil and natural-gas drilling; the AP reports that North American revenue... More »

Gulf Disaster 'Might Well Recur,' Commission Finds

'Absent significant reform,' welcome to Macondo II

(Newser) - The management blunders that led to the Deepwater Horizon explosion aren’t particularly uncommon in the oil industry, a presidential commission investigating the spill has concluded, meaning there’s every chance it could happen again. The commission blamed all three companies involved in the well—BP, TransOcean, and Halliburton—saying... More »

Woman Sues Over Halliburton's 'Anti-Procreation Policy'

Worker claims she was fired for being pregnant

(Newser) - Does everybody's favorite energy contractor, Halliburton, hate procreation? A former Halliburton employee is suing the company for wrongful termination and sex discrimination because, in the words of her lawyer, "she apparently violated the company's policy against procreation." Halliburton said it fired the pregnant administrative associate as part of... More »

Nigeria Charges Cheney in Bribery Case

Ex-VP's lawyers reject 'baseless' charges

(Newser) - Nigeria has indicted former vice president Dick Cheney and several other executives in a bribery case dating back to Cheney's time in charge of Halliburton. Prosecutors from Nigeria's anti-corruption unit allege that Halliburton and other firms paid $180 million in bribes to win a $6 billion contract for a natural... More »

Nigeria to Charge Dick Cheney With Bribery

Also duly noted: It's election season there

(Newser) - Nigeria plans to charge Dick Cheney in a bribery scandal going back to his days as CEO of Halliburton, BusinessWeek reports. Cheney headed the company from 1995 until he became vice president in 2000, and prosecutors say Halliburton and two other foreign companies funneled $180 million into the pockets of... More »

Halliburton Admits Skipping Test Before Well Explosion

Final mix was never tested

(Newser) - Halliburton has ‘fessed up to skipping a crucial test on the cement in the Deepwater Horizon rig that exploded in the Gulf of Mexico, the AP reports. The admission was issued late last night, after the presidential commission investigating the spill revealed that tests performed by the company had... More »

Cement Tests Showed Trouble Before BP Blast

Macondo well went ahead, despite Halliburton data

(Newser) - Tests performed before the deadly blowout of BP's oil well in the Gulf should have raised doubts about the cement used to seal the well, but the company and its cementing contractor used it anyway, investigators with the president's oil spill commission said today. The finding appears to conflict with... More »

BP Report: Everybody Screwed Up

Inquiry concludes spill was result of interwoven mistakes

(Newser) - BP has published its own report on what went wrong on its doomed Macondo well, and predictably, the blame gets spread around among "multiple companies and work teams." While admitting BP workers misread pressure readings, the oil giant points its finger squarely at TransOcean's rig crew and Halliburton's... More »

BP Report: We Messed Up

Investigation faults engineers for spill

(Newser) - An internal investigation by the folks at BP confirms what we all suspected: BP messed up. The in-house report says that the company's engineers made mistakes while finishing the oil well and also misread pressure data that warned of a blowout, reports Bloomberg . It is therefore in part responsible for... More »

FBI Investigates BP's Ties to Regulators

Criminal probe to target Transocean, Halliburton as well

(Newser) - A team of federal investigators is gathering in New Orleans to determine, among other things, whether BP was criminally cozy with federal regulators, and whether that helped cause the Deepwater Horizon explosion. The wide-ranging criminal probe will also focus on TransOcean and Halliburton, the Washington Post reports, but there’s... More »

Judge Who Blocked Drill Ban Has Gulf Oil Investments

Environmentalists protest 'flagrant conflict of interest'

(Newser) - The Louisiana judge who struck down the Obama administration's six-month ban on deepwater oil drilling in the Gulf of Mexico has extensive investments in the oil and gas industry. US District Judge Martin Feldman, a 1983 Reagan appointee, in 2008 reported owning less than $15,000 in stock in Transocean,... More »

BP, Transocean Hire Swarm of Lobbyists

...who swear they're just 'trying to give information to people'

(Newser) - The oil gushing into the Gulf has been black gold for one someone: the lobbyist. BP, Transocean, Halliburton, and many, many other small and large industry players affected by the spill have hired a bevy of lobbyists from both sides of the aisle, reports the Washington Post , which offers an... More »

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