Halliburton May Separate KBR Unit
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Halliburton Co. (HAL.N: Quote, Profile, Research) , beset by controversy over its work in Iraq, plans to shed its KBR engineering and construction unit if the oilfield services company&#39;s
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Halliburton said it would save between $80 million and $100 million each year by restructuring KBR.
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The U.S. Army plans within months to  break up Halliburton Co.'s contract to provide support services  for U.S. troops in Iraq -- valued at up to $13 billion -- and  open the work to competitive bids, The Wall Street Journal said  on Tuesday, citing an internal Army memorandum.
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The U.S. Army plans within months to  break up Halliburton Co.'s contract to provide support services  for U.S. troops in Iraq -- valued at up to $13 billion -- and  open the work to competitive bids, the Wall Street Journal said  on Tuesday, citing an internal Army memorandum.
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Halliburton said on Monday the U.S.  Army had decided to give the company more time to resolve a  billing dispute before withholding payment of up to 15 percent  of the company's bills in Iraq and Kuwait.
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WASHINGTON - The US Army wants to know how a threatened plan to withhold $60 million a month in a billing dispute might affect Halliburton Co.&#39;s ability to support US troops in Iraq.
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WASHINGTON : US oil service firm Halliburton has acknowledged that improper payments &quot;may have been made&quot; to Nigerian officials through a consortium of which it was a member.
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Profits at oil services firm Halliburton more than double to $1.5bn after its split from subsidiary KBR.
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Halliburton, beset by controversy over its work in Iraq, said Thursday that it would sell its KBR engineering and construction unit if the oilfield services company&#39;s share performance did not measure up to sector rivals.
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Halliburton Co. HAL.N said on  Thursday it would restructure its KBR unit and may shed the  business if the oil services company's stock performance keeps  lagging its peers.
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Halliburton HAL.N said on Monday  the U.S. Army had decided to give the company more time to  resolve a billing dispute before withholding payment of up to  15 percent of the company's bills in Iraq and Kuwait.
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The U.S. Army on Tuesday appeared to  reverse a decision to stop paying a portion of Halliburton  Co.'s HAL.N bills in Iraq and gave the company more time to  resolve a billing dispute.
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Halliburton Co. said yesterday that it may sell its Kellogg Brown &amp; Root subsidiary, the largest government contractor in Iraq.
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HOUSTON  - Oilfield services company HalliburtonCo.  on Wednesday said its KBR unit had settled alloutstanding issues with state-owned Brazilian oil companyPetrobras over the Barracuda-Caratinga project, which has beenplagued by delays and cost overruns.
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Halliburton Co. is gearing up to distribute $2.78 billion in cash and 59.5 million shares to thousands of asbestos and silica claimants, inching closer to leaving those inherited liabilities in the past.
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The US Army will withhold payment on 15 percent of future invoices of Halliburton Co.&#39;s (HAl.N: Quote, Profile, Research) logistics deal in Iraq due to an ongoing billing dispute, the company and the US military said ...
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WASHINGTON, August 18, 2004  The oil services company Halliburton, largely through its subsidiary Kellogg, Brown &amp; Root, has received more revenue from government contracts in the last year than from 1998 through 2002. In 2003, when the company had ...