Mon, 16 Aug 2010
Iraq, along with oil major Royal Dutch Shell and Malaysia's Petronas have awarded a contract to Halliburton Co to drill 15 oil wells in the supergiant Majnoon oilfield, an oil official said on Monday.
Oil and gas services company Petrofac also won a contract to build two new crude processing plants with a capacity of 50,000 bpd per each and to rehabilitate the existing crude plant, the official added. - Reuters
The Iraq invasion was 'designed' by Halliburton under the direction of Dick Cheney when he was Defense Secretary under George H. W. Bush.
Halliburton has a very, very long history of doing business with countries that have supported terrorist networks. They get away with it because they have so much money they simply pay fines that they view as 'operating costs.' The USA Justice Department needs to start putting CEOs in prison after the legislature actually puts some 'teeth' into the law.
...Following the end of Operation Desert Storm in February 1991, the Pentagon, led by then Defense Secretary Dick Cheney, paid Halliburton subsidiary Brown & Root Services over $8.5 million to study the use of private military forces with American soldiers in combat zones.[21] Halliburton crews also helped bring 725 burning oil wells under control in Kuwait.[22]
Thomas H. Cruikshank, who served as chairman and CEO from 1989 until 1995, was replaced by Dick Cheney.[23]
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.[24]
During the Balkans conflict in the 1990s, Kellogg Brown-Root (KBR) supported U.S. peacekeeping forces in Bosnia and Herzegovina, Croatia and Hungary with food, laundry, transportation and other lifecycle management services.[25]
In 1998 Halliburton merged with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton. Former United States president George H. W. Bush worked for Dresser Industries in several positions from 1948–1951, before he founded Zapata Corporation.[26]...
http://en.wikipedia.org/wiki/Halliburton
The corruption won't end until the CEOs and Board of Directors serve time in prison for breaking the law. To simply fine these huge companies for breaking the law, the USA appears to be a PARTNER that is 'on the take' AFTER THE FACT.
I really don't want to hear how if such laws existed there won't be anyone willing to be a CEO.
Give me a break!
Alabama Sues BP, Halliburton, & Transocean for "Catastrophic" Oil Spill
Submitted by Leader Staff on August 13, 2010 - 3:50pm.
On Friday, Alabama attorney general Troy King announced that the state was suing BP Plc., Halliburton, and Transocean for "catastrophic harm" caused by the oil spill in the Gulf of Mexico. Alabama is the first state to sue BP for damage from the worst oil spill in United States' history.
Alabama's decision stems from the fear that economic victims will not be adequately compensated, and that BP will shirk its financial responsibility.
King explained:
"We are making this claim because we believe that BP has inflicted catastrophic harm on the state ... We are suing them for the amount it will take to make Alabama whole."
Amongst others, the lawsuit also named Anadarko Petroleum Corp.
Transocean was the owner of the Deepwater Horizon drilling rig that exploded and sank in April. BP hired the rig. Hallburton provided the cement work for the well, and Anadarko was a minority owner.
The lawsuit alleges:
"It is believed the explosion on the Deepwater Horizon was a blowout relating to the cementing work."...
http://www.clevelandleader.com/node/14359
Fla. developer sues Halliburton over Gulf spill
August 05, 2010
By SAMANTHA BOMKAMP
AP Business Writer
New York, NY 10001, United States — (08-05) 08:54 PDT New York (AP) --
Florida real estate developer St. Joe Co. is suing Halliburton Co. over its role in the rig explosion that led to the massive oil spill in the Gulf of Mexico.
St. Joe said late Wednesday that Halliburton, which was responsible for encasing BP PLC's subsea well in cement, ignored safety procedures and didn't properly manage the cementing process. In deepwater drilling, cementing is a critical element in preventing oil and gas from escaping from the well....
http://articles.sfgate.com/2010-08-05/business/22206452_1_bp-plc-halliburton-rig-explosion
