The LeadersIn Maritime Law

Halliburton Company

Address:
3000 North Sam Houston Parkway
Houston, TX, 77060
Phone: (888) 346-5024

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 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. According to documents that had been provided to congressional investigators, Halliburton had advised BP that they needed to install numerous devices to ensure that their pipe was centered prior to pumping. On April 18, Halliburton sent a report to BP that warned them that they would have "a SEVERE gas glow problem" if they chose to not use more centering devices. Unfortunately, BP only installed 5 of the recommended 21 devices. 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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