Two Halliburton Units Exit Bankruptcy
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Oilfield services company Halliburton Co.  on Monday said its subsidiaries Kellogg Brown & Root and DII Industries have emerged from the year-long bankruptcy proceedings it instigated to facilitate a &#36;4.2 billion asbestos settlement.
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US energy services company Halliburton is to end its operations in Iran after existing contracts come to an end citing a poor environment.
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Halliburton says its scandal-hit Kellogg, Brown & Root unit will emerge from bankruptcy as a US court signs off a $4.2bn asbestos settlement.
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Halliburton unit Kellogg Brown and  Root, the U.S. military's biggest contractor in Iraq, could not  account for over a third of the items it handled in Kuwait  under a work order for the U.S. occupation authority in Iraq,  said an audit released on Thursday.
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Petroleum giant Halliburton Co., on Thursday said its engineering and construction unit KBR will be reorganized from five product lines to two divisions - energy and chemicals, and government and infrastructure.
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Halliburton Co.  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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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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HOUSTON, Texas, Oct 26  - Halliburton, the oil services giant once run by US Vice President Dick Cheney, Tuesday reported a quarterly loss and only meagre pickings from its vast operations in Iraq.
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Halliburton Co. on Friday said a federal court had signed an order that would end the company&#39;s asbestos liability later this month, clearing another hurdle for two of its subsidiaries to emerge from bankruptcy.
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KBR , a former unit of Halliburton Co. , Dyncorp International Inc.  and Fluor Corp.  were awarded parts of a U.S. Army contract with a combined potential value of up to $150 billion to provide services to the military in the Middle East.
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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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Houston&#39;s Halliburton is considering selling its KBR unit, the object of numerous investigations, persistent losses and ongoing bankruptcy.
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Halliburton Co. HAL.N, beset by  controversy over its work in Iraq, plans to shed its KBR  engineering and construction unit if the oilfield services  company's share performance does not match its peers, it said  on Thursday.
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Shares of Halliburton Co., the world&#39;s biggest oilfield-services company, fell as much 1.6 percent in Germany after the Wall Street Journal said a contract worth as much as $13 billion with the US Army may be broken up.
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WASHINGTON - The US army said it had suspended its decision to partially withhold payments to Halliburton, the biggest US contractor in Iraq.
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The US Army plans within months to break up Halliburton Co.&#39;s contract to provide support services for US troops in Iraq -- valued at up to $13 billion -- and open the work to competitive bids, the Wall Street Journal said on Tuesday
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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.