Halliburton Settles Brazil Oil Project
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Oilfield services company Halliburton Co. (HAL.N: Quote, Profile, Research) on Wednesday said its KBR unit had settled all outstanding issues with state-owned Brazilian oil company Petrobras
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A U.S. district court has approved a  $1.5 billion trust to be set up by two Halliburton Co. HAL.N  units and their insurers to pay asbestos claims, Halliburton  said on Friday.
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HOUSTON - BP PLC has agreed to settle claims by four victims of an explosion in 2005 at its Texas refinery, ending the first trial over the disaster. The terms weren't disclosed.
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Brazil's president offered Cuba credits for food, drugs, roads and hotel repairs on Tuesday, and signed a deal for his country's state oil company to drill for oil in the Gulf of Mexico.
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The largest American natural gas pipeline operator settled allegations of involvement in illegal payments under the United Nations oil-for-food program in Iraq.
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Brazil's president met with ailing Fidel Castro on Tuesday, a surprise ending to a visit during which he offered Cuba credits for food and infrastructure and signed a deal for Brazil to drill for oil in the Gulf of Mexico.
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Chevron and its partners have successfully extracted oil from a test well in the deep waters of the Gulf of Mexico, an achievement that could be the biggest breakthrough in domestic oil supplies since the opening of the Alaskan pipeline.
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BRASILIA, Brazil  - Brazil has reached an accord  with the United Nations' atomic watchdog to allow inspections  of its uranium enrichment plant and protect its nuclear  technology, Brazil's ministry of science and technology said on  Wednesday.
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Technip (Paris:TEC) (NYSE:TKP) (ISIN:FR0000131708) has been awarded by  Petrobras a contract worth approximately $200 million for the four-year  charter of its flexible pipe laying vessel Sunrise 2000, operating  offshore Brazil. This contract could be renewed for four years.
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Algeria's state oil and gas company and KBR Inc., a former Halliburton Co. subsidiary, signed a $2.88 billion deal Saturday for a liquefied natural gas plant.
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Halliburton has acknowledged that payments may have been made to Nigerian officials as part of an alleged $180 million bribery scandal, according to an SEC document filed by the Houston-based company on Friday.
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Company units set up a $1.5B trust to pay claims, enabling the 2 subsidiaries to exit bankruptcy. NEW YORK  - A district court has approved a $1.5 billion trust to be set up by two Halliburton Co.
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SAO PAULO, Brazil -- At a mega fuel depot for tanker trucks, President Bush heralded a new ethanol agreement with Brazil Friday as way to boost alternative fuels production across the Americas.
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BRASILIA, Brazil  - Brazil has reached a deal with  the U.N. atomic agency to allow inspections of its uranium  enrichment plant that protect its nuclear technology, Brazil's  ministry of science and technology said on Wednesday.
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Oil major BP  on Thursday agreed to pay $373 million to settle U.S. charges stemming from a deadly Texas refinery explosion, an Alaska oil spill and allegations it manipulated the propane market.
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Oil major BP will pay $373 million to settle U.S. charges stemming from a deadly Texas refinery explosion and an Alaska oil spill, as well as allegations it manipulated propane markets, the government said on Thursday.
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Halliburton Co. on Friday said a  federal court had signed an order that would end the company's  asbestos liability later this month, clearing another hurdle  for two of its subsidiaries to emerge from bankruptcy.