40 Facts About Halliburton

1.

Halliburton Company is an American multinational corporation responsible for most of the world's hydraulic fracturing operations.

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2.

Halliburton has dual headquarters located in Houston and in Dubai, and remains incorporated in the United States.

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3.

Halliburton's former subsidiary, KBR, is a major construction company of refineries, oil fields, pipelines, and chemical plants.

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4.

Halliburton announced on April 5,2007, that it had sold the division and severed its corporate relationship with KBR, which had been its contracting, engineering and construction unit as a part of the company.

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5.

Under a deal reached with the US Justice Department, Halliburton has agreed to pay $382 million to settle the bribery case.

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6.

Halliburton invented the revolutionary cement jet mixer, to eliminate hand-mixing of cement, and the measuring line, a tool used to guarantee cementing accuracy.

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7.

In 1938, Halliburton cemented its first offshore well using a truck on a barge off the Louisiana coast.

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8.

In 1940, Halliburton opened offices in Venezuela and introduced bulk handling of cementing to the industry.

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9.

In 1951, Halliburton first appeared in Europe as Halliburton Italiana SpA, a wholly owned subsidiary in Italy.

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10.

In 1963, Halliburton was the first company in Oklahoma to receive the Presidential "E" for Export flag in recognition of notable contributions to foreign trade.

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11.

Halliburton began to experiment with new technologies to help their services – for example, beginning in 1965 a pilot operation of a computer network system – the first such installation in the oilfield services industry.

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12.

In 1969, Halliburton began construction of a base camp at Prudhoe Bay on Alaska's North Slope.

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13.

In 1976, Halliburton established the Halliburton Energy Institute in Duncan, Oklahoma, to provide an industry forum for disseminating technical information.

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14.

In 1989, Halliburton acquired logging and perforating specialist company Gearhart Industries and combined it with its subsidiary Welex to form Halliburton Logging Services.

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15.

Halliburton crews helped bring 725 burning oil wells under control in Kuwait.

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16.

In 1998, Halliburton merged with Dresser Industries, which included Kellogg.

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17.

In May 2003, Halliburton revealed in SEC filings that its KBR subsidiary had paid a Nigerian official $2.

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18.

On May 14,2010, President Barack Obama said in an interview with CNN that "you had executives of BP and Transocean and Halliburton falling over each other to point the finger of blame at somebody else" when referring to the congressional hearings held during the Deepwater Horizon oil spill.

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19.

On 01 March, 2022, Halliburton inaugurated its MultiChem facility in Jubail PlasChem Park, which will make Saudi Arabia an exporter of speciality products from an importer of speciality products.

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20.

Bunnatine Greenhouse, a civil servant with 20 years of contracting experience, had complained to Army officials on numerous occasions that Halliburton had been unlawfully receiving special treatment for work in Iraq, Kuwait and the Balkans.

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21.

In one of Greenhouse's claims, she said that military auditors caught Halliburton overcharging the Pentagon for fuel deliveries into Iraq.

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22.

Investigations carried out by the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling found that Halliburton was jointly at fault along with BP and Transocean for the spill.

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23.

The cement that Halliburton used was an unstable mixture, and eventually caused hydrocarbons to leak into the well, causing the explosion that started the crisis.

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24.

BP had employed Halliburton to oversee the process by which cement is used to seal casing in oil and gas wells, thereby preventing leaks.

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25.

Halliburton may be implicated in the oil spills in the Timor Sea off Australia in August 2009 and in the Gulf of Mexico in April 2010 for improper cementing.

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26.

Halliburton staff were employed on the Transocean operated Deepwater Horizon oil rig in the Mexican Gulf.

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27.

Halliburton staff completed cementation of the final production well 20 hours prior to the Deepwater Horizon drilling rig explosion, but had not yet set the final.

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28.

In July 2013, Halliburton Co agreed to plead guilty to charges that it destroyed evidence relating to the 2010 Deepwater Horizon oil spill.

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29.

In November 2006, Halliburton began selling its stake in KBR, its major subsidiary, and by February 2007 had completely sold off the subsidiary.

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30.

On March 31,2003, Management at Halliburton restated earnings downward by $14 million for the fourth quarter of 2002.

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31.

On March 2,2005, Halliburton restated its 2004 fourth-quarter earnings to add $2 million US in after-tax losses to reflect the collection of a $10 million receivable that had been reserved and a correction in lease accounting.

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32.

Halliburton has been criticized for its impacts on public health and the environment, most notably with the passing of the Energy Policy Act of 2005, known as the Halliburton loophole.

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33.

In 2015, after a decade-long legal battle, Halliburton was declared guilty for illegally retaliating against whistleblower Tony Menendez.

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34.

Menendez had filed a case with the SEC over concerns that Halliburton was taking illegal actions to conceal billions of dollars; following this, Halliburton retaliated against Menendez in a number of ways, including stripping Menendez of his responsibilities and forbidding him from coming to most meetings.

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35.

Halliburton was headquartered in Dallas, Texas, from 1961 to 2003.

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36.

Halliburton planned to move its headquarters to Houston in 2002.

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37.

Halliburton, which signed its lease to occupy a portion of 5 Houston Center in Downtown Houston in 2002, moved its headquarters there by July 2003.

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38.

Halliburton occupied 26,000 square feet of space on the 24th floor in 5 Houston Center.

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39.

In 2009 Halliburton announced that it planned to move its headquarters to the North Belt Campus in Houston.

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40.

Halliburton planned to add a research and development facility with laboratories, a new cafeteria, a childcare center, two additional parking garages, and fitness and wellness centers for employees.

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