Halliburton says committed to Venezuela market
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Oilfield services company Halliburton Co.  said on Sunday it is committed to doing business in Venezuela, in an effort to clarify some comments its chief financial officer made earlier to investors.
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Venezuela on Thursday vowed to strip some of the world's biggest oil companies of their controlling stakes in the heavy crude projects of the Orinoco Belt "within months".
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The U.S. Army is laying the groundwork to let Halliburton Co. keep several billion dollars paid for work in Iraq that Pentagon auditors say is questionable or unsupported by proper documentation, the Wall Street Journal reported on Friday.
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CARACAS -- President Hugo Ch&#xE1;vez ordered by decree yesterday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region. Ch&#xE1;vez previously announced the government's intention to take a majority stake by May 1 in the four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp. , Chevron Corp., ConocoPhillips Co., Total SA, and ...
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Halliburton said it would save between $80 million and $100 million each year by restructuring KBR.
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ConocoPhillips  and Chevron  have agreed to comply with a Venezuelan decree to cede by May 1 the operations of multi-billion dollar projects in the Orinoco oil reserve, the state oil company said on Thursday.
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Halliburton Co. said Monday a bankruptcy judge approved the final insurance settlement agreements between Halliburton subsidiaries and insurance carriers.
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Motorola Inc  said on Monday  it is "fully committed" to its mobile phone business and its  strategic review is aimed at bringing about a "product-led"  recovery for the loss-making division.
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Venezuela said on Thursday U.S. oil giants ConocoPhillips  and Chevron Corp.  have agreed to cede by May 1 operations of multibillion-dollar projects in the Orinoco heavy crude belt.
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Halliburton Co. , the world&#39;s  second-largest oil services company is seeking stakes in  emerging Gulf Arab firms to expand its operations in the  region, pan Arab daily Asharq al-Awsat reported on Monday.
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MANAMA/HOUSTON  - U.S. oilfield services giant Halliburton Co.  said on Sunday it will move its corporate headquarters and its chief executive to Dubai in the United Arab Emirates in an effort to expand overseas.
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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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Venezuela on Thursday vowed to strip some of the world's biggest oil companies of their controlling stakes in the heavy crude oil projects of the country's Orinoco Belt within months.
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7-Eleven Inc. said on Wednesday the war   of words between Venezuela's leftist government and the Bush   administration had no part in its decision to drop gasoline   supplier Citgo Petroleum Corp., which is owned by Venezuela's   state oil company.
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Halliburton Co. , the world's second-largest oil services company is seeking stakes in emerging Gulf Arab firms to expand its operations in the region, pan Arab daily Asharq al-Awsat reported on Monday.
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Venezuela's oil industry will enter a new period of stability and growth after Sunday's referendum on Hugo Chavez's presidency, the president of the state-run oil company said Sunday.
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The word's fifth largest oil exporting nation, Venezuela, signs an oil deal with South American neighbour, Paraguay.