Halliburton Company

Name: Halliburton Company
Address: 3000 North Sam Houston Parkway, Houston, TX, 77060
Phone: 281 871-2699

Halliburton Company is one of the world’s largest oilfield services companies, with operations in more than 70 countries. Haliburton has its headquarters in Houston, Texas, and in Dubai, United Arab Emirates. Halliburton provides products and services to the energy industry and the upstream oil and gas industry — from the location of hydrocarbons to the production of oil and gas. It operates in two segments: Drilling and Evaluation, and Completion and Production. Services include providing production optimization, drilling evaluation, fluid services, and oilfield drilling software and consulting. Halliburton’s major business segment is the Energy Services Group, which provides technical products and services for petroleum and natural gas exploration and production.

Halliburton’s primary business is as a consultant to help oil exploration and drilling companies extract more oil from the ground and optimize production for customers. Halliburton also provides equipment and services to aid companies in evaluating new drilling opportunities, as well as cementing services post-drilling.

The Halliburton Company was the cementing contractor on the Transocean-operated Deepwater Horizon oil rig in the Gulf of Mexico when the explosion and subsequent oil spill occurred in April 2010. A Wall Street Journal investigation reported that BP skipped a quality test of the cement around the pipe, a buffer against explosive gas. Halliburton advised BP to install numerous devices to make sure the pipe was centered in the well before pumping cement, according to Halliburton documents, provided to congressional investigators and seen by the Journal. In an April 18 report to BP, Halliburton warned that if BP didn’t use more centering devices, the well would likely have “a SEVERE gas flow problem.” Still, BP decided to install only 6 of the 21 devices that Halliburton had recommended. Halliburton said that it followed BP’s instructions, and that while some “were not consistent with industry best practices,” they were “within acceptable industry standards.” Halliburton had 4 employees on the rig. All were evacuated by the U.S. Coast Guard.

Halliburton is a public company listed on the New York Stock Exchange under the symbol” HAL”. At the end of 2009, Halliburton had 51,000 employees. The reported revenue for the company in 2009 was $14,675.0 million, with a total net income of $1,155.0 million.

Halliburton Company serves national, integrated, and independent oil and gas companies. The major competitors for Halliburton’s Energy Services Group include Schlumberger, Weatherford International, Technip and Baker Hughes.

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