The Anglo-Dutch energy giant and state-owned PetroChina have teamed up to get gas out of the ground in Chinaand to tap new sources of energy worldwide November 16, 2011, 11:10 PM EST By Stanley Reed and Dexter Roberts The hilltop city of Yulin, about 500 miles southwest of Beijing, was once a strong point in [...]
Posts Tagged ‘Halliburton’
BP sues Gulf rig operator for $40bn over oil spill
Latest update: 21/04/2011 BP has filed a $40 billion lawsuit against Transocean, the operator of the Gulf of Mexico oil rig, alleging the disastrous explosion on the oil rig was due to the firms “misconduct”. The company also filed suit against Halliburton and Cameron. By News Wires (text) AFP – BP has filed a lawsuit [...]
Inquiry Puts Halliburton in a Familiar Hot Seat
By BARRY MEIER and CLIFFORD KRAUSS A version of this article appeared in print on October 29, 2010, on page A20 of the New York edition. Halliburton is back in the spotlight, and once again, in an uncomfortable way. In recent years, the giant energy services company has found itself under scrutiny over allegations that [...]
Halliburton paid $180 million in bribes to senior Nigerian government officials
In a wide-ranging foreign-corruption investigation, fired former Halliburton Co. executive Albert J. “Jack” Stanley pleaded guilty to orchestrating more than $180 million in bribes to senior Nigerian government officials. The bribes were used to win a contract to build a liquefied-natural-gas plant in Nigeria.
Halliburton Completes 100 Percent Acquisition of WellDynamics
Halliburton (NYSE: HAL) announced today that it has closed the previously announced acquisition of the 49 percent equity of Shell Technology Ventures Fund 1 B.V. in WellDynamics B.V. With this transaction complete, Halliburton owns 100 percent of WellDynamics.
Oil Majors Say U.S. Restrictions Delay Iran Projects
Despite an urgent need to replenish reserves, Anglo-Dutch oil giant Royal Dutch Shell PLC and Spanish-Argentine Repsol YPF said they wouldn’t sign a $10 billion contract to enter South Pars, the Iranian side of a giant natural-gas field shared with Qatar. Instead, the two oil giants are considering entering later phases of the project.
Bidding War for Expro International
Rising oil prices and depleting reserves at existing fields forced oil companies to seek access to oil in politically fragile locations that are harder and more expensive to reach. Some analysts expect oil companies, like Exxon Mobil, Royal Dutch Shell and Chevron, to increase their spending on exploration this year.
Financial Times: US to probe Nigeria oil industry payments
US anti-bribery investigators are targeting a former Halliburton subsidiary over its work on a key Royal Dutch Shell project in Nigeria, widening a corruption probe into the country’s troubled oil industry.


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