Halliburton Cuts 5,000 Jobs, 8% Of Workforce

Halliburton Cuts 5,000 Jobs, 8% Of Workforce:

It turns out oilfield services isn’t a good place to be during epic crude downturns.

Halliburton – which cut thousands upon thousands of jobs in 2015 – is back it, announcing an additional 5,000 layoffs on Thursdsay. The cuts amount to 8% of the company’s remaining workforce. We say “remaining” because as CNN notes, “the latest pink slips bring Halliburton’s job cut tally to between 26,000 to 27,000 since employee headcount peaked in 2014.”

Read moreHalliburton Cuts 5,000 Jobs, 8% Of Workforce

Dr. Paul Craig Roberts: Truth Is Washington’s Enemy

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

Truth Is Washington’s Enemy — Paul Craig Roberts (April 21, 2015):

US Representative Ed Royce (R, CA) is busy at work destroying the possibility of truth being spoken in the US. On April 15 at a hearing before the House Committee on Foreign Affairs of which Royce is chairman, Royce made use of two minor presstitutes to help him redefine all who take exception to Washington’s lies as “threats” who belong to a deranged pro-Russian propaganda cult.

Washington’s problem is that whereas Washington controls the print and TV media in the US and its vassal states in Europe, Canada, Australia, Ukraine, and Japan, Washington does not control Internet sites, such as this one, or media, such as RT, of non-vassal states. Consequently, Washington’s lies are subject to challenge, and as people lose confidence in Western print and TV media because of the propaganda content, Washington’s agendas, which depend on lies, are experiencing rougher sledding.

Read moreDr. Paul Craig Roberts: Truth Is Washington’s Enemy

Halliburton To Cut Up To 6,500 Jobs As Crude Carnages To Crucial $50 Level

–  Halliburton To Cut Up To 6,500 Jobs As Crude Carnages To Crucial $50 Level (ZeroHedge, Feb 10, 2015):

But everything was supposed to be fixed?

  • *HALLIBURTON WILL CUT 5,000-6,500 JOBS: HOUSTON BUSINESS JOURNAL

WTI is tumbling down 5%, nearing the crucial $50 level…

Read moreHalliburton To Cut Up To 6,500 Jobs As Crude Carnages To Crucial $50 Level

Halliburton Will Pay Just $1.1 Billion For Destroying The Gulf Of Mexico

FLASHBACK:

Halliburton Manager Gets One Year Probation For Destroying Evidence Of 2010 BP Deepwater Horizon Disaster

Halliburton To Plead Guilty To Destroying Gulf Evidence And To Pay Maximum Fine Of $200,000

Halliburton Admits It Destroyed Gulf Spill Evidence, … Pays 0.0007% Of Revenue Fine

US Presidential Panel: Halliburton Knew Cement Mixed For BP Blowout Well Was Unstable

Gulf of Mexico Oil Spill: The Halliburton Connection:

The company acknowledged Friday that it had completed the final cementing of the oil well and pipe just 20 hours before the blowout last week.

And don’t forget this fact (!!!):

“Just eight days before the Gulf blow-out, Halliburton also announced that it had agreed to buy Boots & Coots for $240.4 million. Who are Boots & Coots?

The world’s largest oil-spill clean-up company which also deals with oil and gas well fires and blowouts.

What an incredibly fortunate coincidence. What a slice of luck.”


BP Deepwater Horizon - Gulf of Mexico - Disaster

Halliburton will pay $1.1 billion to settle Deepwater Horizon oil disaster lawsuits (The Verge Sep 2, 2014):

Halliburton has agreed to pay $1.1 billion to settle much of its part in 2010’s Gulf of Mexico oil rig disaster. The incident killed 11 people, and resulted in the largest oil spill in this history of the US after offshore drilling rig Deepwater Horizon exploded. Halliburton was responsible for cement mixture used to seal the oil well, which ended up being faulty.

Read moreHalliburton Will Pay Just $1.1 Billion For Destroying The Gulf Of Mexico

Court Rules KBR And Halliburton Can Be Sued For Iraq Toxic Burn Pits

KBR and Halliburton Can Be Sued For Iraq Toxic Burn Pits, Court Rules (Global Research, April 17, 2014):

KBR and Halliburton – two major U.S. military contractors – can be sued for the health impacts of trash incineration on U.S. soldiers who served in the war in Iraq, according to a new court decision that allows a series of 57 lawsuits against the companies to go forward.

The two companies have been paid some $40 billion for services provided to troops serving in the U.S. War on Terror throughout Central Asia and the Middle East in countries ranging from Afghanistan and Iraq to Kuwait and Uzbekistan. (Most of the contracts were implemented by KBR which was a subsidiary of Halliburton until 2007 when it was spun off into a separate company)

Read moreCourt Rules KBR And Halliburton Can Be Sued For Iraq Toxic Burn Pits

Halliburton Manager Gets One Year Probation For Destroying Evidence Of 2010 BP Deepwater Horizon Disaster

BP Deepwater Horizon - Gulf of Mexico - Disaster

Halliburton Manager Gets One Year Probation For Destroying Evidence Of 2010 BP Deepwater Horizon Disaster (Business Insider, Jan 22, 2014):

A former Halliburton manager was sentenced to one year of probation on Tuesday for destroying evidence in the aftermath of BP’s fatal 2010 Deepwater Horizon blowout, which claimed 11 lives.

Anthony Badalamenti, former cementing technology director for Halliburton, which was BP’s cement contractor on the Deepwater Horizon drilling rig, had faced a maximum of one year in prison. The 62-year-old pleaded guilty in October to one count of destruction of evidence.

Read moreHalliburton Manager Gets One Year Probation For Destroying Evidence Of 2010 BP Deepwater Horizon Disaster

Big Oil’s Central Asian Mafia

Big Oil’s Central Asian Mafia (Veterans Today, Aug 6, 2013)

(Excerpted from Big Oil & Their Bankers: Chapter 17: Caspian Sea Oil Grab)

According to Kurt Wulff of the oil investment firm McDep Associates, the Four Horsemen, romping in their new Far East pastures, saw asset increases from 1988-1994 as follows: Exxon Mobil- 54%, Chevron Texaco- 74%, Royal Dutch/Shell- 52% and BP Amoco- 54%.  Big Oil had more than doubled its collective assets in six short years.

This quantum leap in global power had everything to do withthe takeover of the old Soviet oil patch and the subsequent impoverishment of its birthright owners.

While the Four Horsemen gorged on Russian and Central Asian oil, Wall Street investment bankers were facilitating the oil grab and ripping off the Russian Treasury.

Salomon Smith Barney’s Phibro Energy oil trading subsidiary set up shop in Moscow.  Goldman Sachs was hired by Yeltsin to lure foreign capital to Russia.  Heading the Russian Goldman Sachs team was Robert Rubin, later Clinton Secretary of Treasury & Citigroup CEO.  CS First Boston took a 20% stake in Lukoil, in partnership with BP Amoco.

Read moreBig Oil’s Central Asian Mafia

Halliburton To Plead Guilty To Destroying Gulf Evidence And To Pay Maximum Fine Of $200,000

$200,000???

FLASHBACK:

US Presidential Panel: Halliburton Knew Cement Mixed For BP Blowout Well Was Unstable

Gulf of Mexico Oil Spill: The Halliburton Connection:

The company acknowledged Friday that it had completed the final cementing of the oil well and pipe just 20 hours before the blowout last week.

And don’t forget this fact (!!!):

“Just eight days before the Gulf blow-out, Halliburton also announced that it had agreed to buy Boots & Coots for $240.4 million. Who are Boots & Coots?

The world’s largest oil-spill clean-up company which also deals with oil and gas well fires and blowouts.

What an incredibly fortunate coincidence. What a slice of luck.”


Halliburton to plead guilty to destroying Gulf evidence (BBC News, July 26, 2013):

US company Halliburton will plead guilty to destroying evidence relating to the 2010 Gulf Of Mexico oil spill.

The plea agreement, which is subject to court approval, means Halliburton will have to pay the maximum possible fine.

The spill occurred at BP’s Macondo well in the Gulf of Mexico and was the worst in US history.

BP had accused Houston-based Halliburton, its contractor, of destroying evidence and asked it to pay for all damages.

The major oil spill three years ago followed a blast at the Deepwater Horizon oil rig that killed 11 workers.

“A Halliburton subsidiary has agreed to plead guilty to one misdemeanour violation associated with the deletion of records created after the Macondo well incident, to pay the statutory maximum fine of $200,000 and to accept a term of three years probation,” the company said in a statement.

Read moreHalliburton To Plead Guilty To Destroying Gulf Evidence And To Pay Maximum Fine Of $200,000

Halliburton Admits It Destroyed Gulf Spill Evidence, … Pays 0.0007% Of Revenue Fine

FLASHBACK:

US Presidential Panel: Halliburton Knew Cement Mixed For BP Blowout Well Was Unstable

Gulf of Mexico Oil Spill: The Halliburton Connection:

The company acknowledged Friday that it had completed the final cementing of the oil well and pipe just 20 hours before the blowout last week.

And don’t forget this fact (!!!):

“Just eight days before the Gulf blow-out, Halliburton also announced that it had agreed to buy Boots & Coots for $240.4 million. Who are Boots & Coots?

The world’s largest oil-spill clean-up company which also deals with oil and gas well fires and blowouts.

What an incredibly fortunate coincidence. What a slice of luck.”


Halliburton Admits It Destroyed Gulf Spill Evidence, Pays 0.0007% of Revenue Fine (ZeroHedge, July 25, 2013):

With regard to the disastrous Macondo oil well rupture that ended in 11 deaths and triggered the largest US offshore oil spill of all time (and uncountable ongoing ecological impacts), Halliburton has ‘graciously’ decided to plead guilty to destroying evidence. ‘Guilty?’ we hear you ask? When has any large US corporation not just settled in order to not be forced to admit guilt? Well, as Reuters reports, “their willingness to plead to this may also indicate that they’d like to settle up with the federal government on the civil penalties.” The maximum statutory fine for this apparent midemeanour? $200,000! Or 0.0007% of expected revenues for 2013. Well, that’ll teach ’em for sure – they won’t be destroying evidence again, eh?

Via Reuters,

Halliburton Co has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of Justice said on Thursday.

The government said Halliburton’s guilty plea is the third by a company over the spill and requires the world’s second-largest oilfield services company to pay a maximum $200,000 statutory fine.

Read moreHalliburton Admits It Destroyed Gulf Spill Evidence, … Pays 0.0007% Of Revenue Fine