Halliburton

Halliburton Energy Services is a multinational corporation based in Houston, Texas, in the United States. Founded in 1919, the company's primary focus is in the energy and petroleum industries, although it has many diverse subsidiaries which operate in other areas.

Halliburton was based in Dallas, Texas, but its headquarters moved in 2003.

In the early 1990s Halliburton was found to be in violation of federal trade barriers in Iraq and Libya, having sold these countries dual-use oil drilling equipment and, through its former subsidiary, Halliburton Logging Services, sending six pulse neutron generators to Libya. After having pleaded guilty, the company was fined $1.2 million, with another $2.61 million in penalties.

In 2001 it was revealed by the Wall Street Journal that a subsidiary of Halliburton Energy Services called Halliburton Products and Services Ltd opened an office in Tehran. The company, HPS, operated "behind an unmarked door on the ninth floor of a new north Tehran tower block." HPS was incorporated in 1975 in the Cayman Islands.

Although HPS was incorporated in the Caymans and is "non-American", it shares both the logo and name of Halliburton Energy Services and, according to Dow Jones Newswire offers services from Halliburton units world-wide through its Tehran office. Such behaviour, undertaken while Dick Cheney was CEO of Halliburton, may have violated the Trading with the Enemy Act.

A Halliburton spokesman, responding to inqueries from Dow Jones, said "This is not breaking any laws. This is a foreign subsidiary and no US person is involved in this. No US person is facilitating any transaction. We are not performing directly in that country."

As of 2003, Halliburton was still operating in Iran. CNN, in a report entitled "US companies are operating in Iran despite sanctions," CNN reported that a Halliburton spokesperson told the news agency that HPS helps Iran build oil rigs in the country's south.

In April 2002, a Halliburton subsidiary, Kellogg, Brown and Root (KBR), was awarded a $7 million contract to construct steel holding cells at Camp X-Ray. More recently, the subsidiary was awarded a no-bid contract to conduct oil well firefighting in Iraq worth an estimated $1 billion. In May 2003, Halliburton's role under contract with regard to Iraqi oilfields was expanded to include "operation of facilities and distribution of products". [1]

Also in May 2003, Halliburton revealed in a filing with the Securities and Exchange Commission that its KBR subsidiary had paid a Nigerian official $2.4 million in bribes in order to receive favorable tax treatment. [1] [1]

The company is currently (2003) being investigated by the Securities and Exchange Commission due to allegations of profit inflation by accounting for cost overruns as revenue in shareholder reports. Halliburton counters that the practice was approved by its accounting firm, Arthur Andersen, and conforms to generally accepted practices.

Halliburton's chairman and CEO is David J. Lesar, who took over the positions from Dick Cheney, now the U.S. Vice President. Cheney became chairman and CEO of Halliburton in 1995; he retired from the company during the 2000 U.S. presidential election campaign, and was awarded a severance package worth $20 million.

Halliburton subsidiaries

The following is a list of subsidiaries, affiliates, branches, brands and divisions of Halliburton Co.

Adute Pty Ltd. (Australia)
AOC Services Limited - (Jersey, tax haven)
Antilles Dresser-Rand (tax haven)
Avalon Financial Services, Ltd. (Cayman Islands, tax haven)
Axelson
Baroid Caribbean Limited Brown & Root (Overseas) Limited - (Jersey, tax haven)
Baroid CIMBAR
Baroid Drilling Inc
Baroid Drilling Fluids
Baroid Drilling Fluids/Plant
Baroid Filtration
Baroid Halliburton Offshore Services Inc.
Baroid IDP
Baroid of Nigeria Limited
Baroid Pigmina Industrial E Comercial Ltda
Baroid Plant
Baroid Solids Control
Baroid Tesoro Coastwide Svcs
Baroid Warehouse
Beheersmaatschappij Van Aandelen In Textielverwerkende O (Netherlands)
Bentonite Performance Minerals
Bitc (Us) Llc
Bitc Holdings (Us) Llc
Bredero Price Holding Bv (Netherlands)
Breswater Marine Contracting Bv (Netherlands)
Brown & Root
- Building Co
- Cayman Holdings, Inc.
- Condor Spa (Algeria)
- Construction Pty Ltd. (Australia)
- Environmental
- FWENC
- Government Services
- Industrial Services
- Log Jamss
- Skoda s.r.o.
Caspian Transco Inc. (Cayman Islands, tax haven)
Cebar Sdn Bhd (Brunei Darussalam)
C.I. Limited (Cayman Islands, tax haven)
Cimbar Performance Mnrl Division
CNOOC-Otis Well Comp Services Ltd
Consorcio Contrina Snc (France)
Corporacion Mexicana De Mantenimiento Integral Sde Rl De Cv (Mexico)
Db Stratabit Gmbh (Germany)
Deveron Facility
Devonport Management Limited
DII Industries
Dorhold Ltd. (United Kingdom)
Downhole Motor Services
Dresser Inc
- Dresser Flow Control
  - BPETM (Becker Precision Equipment)
  - Consolidated
  - Grove
  - Masoneilan
  - Nil-Cor
  - Texsteam
  - TK Valve
  - Wheatley
  - Ledeen
- Dresser Measurement
  - Ashcroft
  - Dresser couplings
  - Ebro
  - Flo Systems
  - Heise
  - H-Multistage
  - IGC/OIB
  - Mooney
  - RAM/RCS
  - RAS/RASJ
  - ROOTS
  - U-RAI
  - Weksler
  - Willy
  - XACTA
- Dresser-Rand
  - Clark
  - Dresser-Rand A.S. (Norway)
  - Dresser-Rand Brazil
  - Dresser-Rand BV (The Netherlands)
  - Dresser-Rand Canada Inc.
  - Dresser-Rand Compr. (Suzhou) Ltd. (China)
  - Dresser-Rand GmBH (Germany)
  - Dresser-Rand S.A. (England)
  - Dresser-Rand S.A. (France)
  - Dresser-Rand Italia Srl
  - Dresser-Rand & Enserv Svcs. Sdn Bhd (Malaysia)
  - Dresser-Rand Nigeria Ltd.
  - Dresser-Rand S.A. (Venezuela)
  - Dresser-Rand U.K. (Scotland)
  - Moore
  - Paragon Engineering Services
  - Pele-Sol Engineered Solutions
  - PT Dresser-Rand Services Indonesia
  - Terry
  - Turbodyne
  - UZ Dresser-Rand (Uzbekistan)
  - Worthington
  - Ingersoll-Rand
- Dresser Wayne
- Ingersoll Dresser Pump Co
- Waukesha Engine
Energy Services Group
Falcon AFB Contract Mgmt Logistics Inc
Fann Instrument
G&H Management Llc (United States)
Georgetown Finance Ltd. (Caymans Islands)
Goddard SFC JOC
Granherne Limited
Granherne Pty Limited
Grove Foreign Sales Corp. (Barbados, tax haven)
Grove-Tk Ltd. (United Kingdom)
Guiberson AVA
Guiberson Oil Tools
GVA Consultants AB
Halliburton Acquisition Company
Halliburton Afrique S.N.C.
Halliburton Argentina S. A.
Halliburton Australia
Halliburton Aviation Division
Halliburton Baroid
Halliburton Baroid Singapore
Halliburton Benefits Center
Halliburton Brunei
Halliburton BV
Halliburton Camp Facility
Halliburton Canada Inc.
Halliburton Canada/Guiberson
Halliburton Company Austria G.m.b.H.
Halliburton Company Germany GmbH
Halliburton Company, Saudi Arabia Branch
Halliburton Company/Tax Department
Halliburton del Peru SA
Halliburton de Venezuela SA
Halliburton Denmark A/S
Halliburton Energy Development (Kazakhstan) (Cayman Islands, tax haven)
Halliburton Energy Services
- DEG
- Jet Research
- Training
- Sdn Bhd
- Special Services
- Technology Center
- Warehouse
- Well Control
Halliburton Far East Pte Ltd
Halliburton Geophysical Services (Cayman Islands, tax haven)
Halliburton Global Account Management - ENI
Halliburton Indonesia
Halliburton Italiana S.p.A.
Halliburton Latin America SA
- Base Neiva
- Base Yopal
- Bodega Sperry Sun
- Division Landmark
- Laboratorio Baroid
Halliburton Limited
Halliburton Landmark
Halliburton Logging Services
Halliburton Logging Svcs Do Brazil-Servicos
Halliburton Machine Shops
Halliburton Manufacturing & Services Limited
Halliburton Measurement Systems
Halliburton Mfg de Venezuela
Halliburton National Institutes of Health
Halliburton Nigeria Limited
Halliburton Oilfield Services India Limited
Halliburton Oil Services Vietnam Ltd
Halliburton Overseas Limited
Halliburton Papua New Guinea
Halliburton Reservoir Services
Halliburton SAS - Paris
Halliburton SAS - Pau
Halliburton SAS/PES - Pau
Halliburton Security DBS
Halliburton Shell Project
Halliburton Sperry-Sun Tunis
Halliburton Subsea
Halliburton Travel Division
Halliburton Trinidad Limited
Halliburton Jet Research Center
Halliburton West Africa Ltd. (Cayman Islands, tax haven)
Halliburton Westport Tech Ctr
Hall/William Mercer Ltd-Pension
Halson Financial Svcs. (Cayman Islands, tax haven)
Hanson Division
Harbison - Walker Rfctories Division
Hbr Energy, Inc.
Hbr Nl Holdings, Llc
Hed (Indonesia), Inc.
Hellenic Shipyards
Hes Corp.
Hes Holding, Inc.
Hes Mexico Holdings, Llc
Hes Oilfield Operations (Nigeria), Inc.
Hewitt Associates
HGS enterprises Inc. (Panama, tax haven)
HLS Asia Limited
Hobbymarkt Capelle Bv (Netherlands)
Hobbymarkt Capelle De Mexico, Sa De Cv (Mexico)
Howard Humphreys (T) Ltd
Industrial Instrument Division
International Admin. Svcs. (Cayman Islands, tax haven)
International Oil Field Engr. (Cayman Islands, tax haven)
Ipem Developments Ltd. (United Kingdom)
Kellogg, Brown & Root (KBR)
- Americas (BRES)
- Amoco
- Atco
- Balden
- Bonney Island
- Braun
- Caldwell
- Cardinal
- Caledonia Ltd.
- Celanese
- Chatman
- Ciba
- Collins
- Contrina
- Contrina de Jose
- Dunbar
- DuPont
- DYKES
- Eastman
- Edmonton
- Environfuels
- Exxon Chem
- Exxon/Mobil
- Far East Pte Ltd
- Fort Benning JOC
- Georgia Pac
- Gonzales
- Joe D Hughes
- John Aylward
- KBRCMSB
- Optimum Group
- Phenol-Maintenance
- Philip Morris
- QGPC Project
- Shell Chem
- Sincor
- Sonatrach
- Tampa Electric
- Tanura
- Technip-Q-Chem Project
- TECSA
- Tokyo Representative Office
- Union Carbide
- Wake
- Weyerhaeuser
Kellogg-Chiyoda Services (Cayman Islands, tax haven)
Kellogg Joint Venture
Kinhill Kramer (Vanuatu, tax haven)
Kinhill Kramer (Solomon, tax haven)
Landmark Concurrent Solusi Indonesia
Landmark Graphics Corporation - www.lgc.com
- GeoGraphix - www.geographix.com
- Global Account Management - ENI
- Munro Garretl Inc
- Paris
- Petrodata
Laut OAC Sdn Bhd
Magic Earth, Inc.
Mashhor Well Services Sdn Bhd (Brunei Darussalam)
Masoneilan International, Llc
Measurement & Controls
Metro Fast Track II
M I Drilling Fluids
MW Kellogg Limited
MWKL Field Services (Cayman Islands, tax haven)
Monoflo Inc.
Mono Pumps (Australia) Ltd. (Australia)
Mono Pumps Ltd. (United Kingdom)
New Iberia Threading Machining
NUMAR Corporation -Sales
NUS Laboratory
Oilfield Innovations, Cv (Netherlands)
Oilfield Services Receivable Corp.
Omega Pump
Otis Marine Maintenance Division
Overseas Administration Servcs (Cayman Islands, tax haven)
Paragon Engineering Svcs Inc
Petrodata As (Norway)
Petroleum Engineering Services Norge As (Norway)
Petroleum and Industrial Maintenance Co. Ltd (Cayman Islands, tax haven)
Professional Resources Ltd. (Bermuda, tax haven)
Promzona 40, UPTOK Usinskstroi
Property and Casualty Insurance
P.T. Baroid Indonesia
P.T. Halliburton Indonesia
P.T. Indokor Sperry-Sun
Pump Division
Rockwater Holdings Ltd. (United Kingdom)
Rockwater Ltd. (United Kingdom)
Rotary Brown & Root
Saudi Halliburton Logging Llc (Saudi Arabia)
Seaforth Maritime Ltd. (United Kingdom)
Security DBS
Security DBS (MEM) E.C. (Bahrain, tax haven)
Security Rock Bits & Drlg Tls
Service Employees Int'l Inc. (Cayman Islands, tax haven)
Servicios Halliburton de Venezuela SA
Shaw International Ltd. (Barbados, tax haven)
Sperry-Sun
Sperry Sun Saudi Company Ltd. (Saudi Arabia)
Studebaker Worthington (U.K.) Ltd. (United Kingdom)
Subsahara Serivces Inc.
Sub Sea Offshore (Holdings) Ltd. (United Kingdom)
Subsea 7 - www.subsea7.com
Swaco Geolograph
Waterloo Plant & Sales Office
Waukesha Engine Division
Wayne Division
Wellstream Inc.
Wellstream Ltd. (United Kingdom)
Western Geophysical Services
Westport Technology Center Intl
Wheatley Valve Division
Vann Systems
Zone Industrial Halliburton EDF

External links

Handbook of Texas entry
Halliburton corporate website
A Halliburton Primer on WashingtonPost.com
"Law firm sets sights on Halliburton", article in the Financial Times, August 7 2003.
Article about move to Houston