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WASHINGTON, Oct. 12 (HalliburtonWatch.org) -- The U.S. Navy awarded $33 million to Halliburton for clean up work at naval air stations damaged by Hurricane Katrina, the Department of Defense announced last night.
The money will be added to the $12 million awarded to Halliburton on August 29, the day Katrina made landfall. Both awards, totalling $45 million, require the company to repair structures and remove debris at naval air stations in Pascagoula and Gulfport, Mississippi and in Louisiana.
HOUSTON - Halliburton (NYSE: HAL) confirmed today its continued support of, and cooperation with, the ongoing investigations into the Deepwater Horizon drilling rig incident in the Gulf of Mexico earlier this month. Halliburton extends its heartfelt sympathy to the families, friends and our industry colleagues of the 11 people lost and those injured in the tragedy.
As one of several service providers on the rig, Halliburton can confirm the following:
Halliburton performed a variety of services on the rig, including cementing, and had four employees stationed on the rig at the time of the accident. Halliburton's employees returned to shore safely, due, in part, to the brave rescue efforts by the U.S. Coast Guard and other organizations.
Halliburton had completed the cementing of the final production casing string in accordance with the well design approximately 20 hours prior to the incident. The cement slurry design was consistent with that utilized in other similar applications.
In accordance with accepted industry practice approved by our customers, tests demonstrating the integrity of the production casing string were completed.
At the time of the incident, well operations had not yet reached the point requiring the placement of the final cement plug which would enable the planned temporary abandonment of the well, consistent with normal oilfield practice.
We are assisting with planning and engineering support for a wide range of options designed to secure the well, including a potential relief well.
Halliburton continues to assist in efforts to identify the factors that may have lead up to the disaster, but it is premature and irresponsible to speculate on any specific causal issues.
Wall Street has been quick to defend Halliburton, at least based on the limited information available so far. The stock traded up 74 cents, or 2.4%, to $31.39 on Monday as analysts expressed confidence that the company was not to blame.
Originally posted by Rigel Kent
Where is your proof?
Halliburton may also be implicated[49] in the oil spills in the Timor
Sea off Australia in August of 2009 and in the gulf of Mexico in April of
2010 for improper cementing. An investigation is underway as to the
cause of the Australia spill.
The Times article reported that Halliburton employees had
been performing “concrete operations” just before the accident
occurred, and the company had been involved with that activity
before the Australian incident, too.
A Halliburton employee, David A. Doeg, testified to the Australian
commission that he made the problem worse at the Montara
well by repumping concrete during an incorrectly handled procedure
before the blowout.
Such an operation may have been intended to temporarily seal the
well, perhaps prior to installing permanent pipe or moving the drill to
another location,
In 2002 a Toxics Release Inventory (TRI) reports were done
to see if chemicals being emitted were harmful to people from
Halliburton's Harris County, Texas facility. The facility had 230
TRI air releases in 2001 and 245 in 2002.[47]
On June 7, 2006 Halliburton's Farmington, New Mexico facility
created a toxic cloud that forced people to evacuate from their
homes.[48]
Oman Oil Company, OOC (www.oman-oil.com) is fully owned
by the Government of the Sultanate of Oman. The company was
created in 1992 to give the Government a vehicle for pursuing
investment opportunities in the energy sector both inside and
outside Oman. The company is currently involved in a number
of projects in countries such as UAE, Korea, Thailand, Kazakhstan
and Spain.
Originally posted by Thermo Klein
Here's some about Halliburton stock: In Spite of Oil Spill, Wall Street Still Likes Halliburton:
Wall Street has been quick to defend Halliburton, at least based on the limited information available so far. The stock traded up 74 cents, or 2.4%, to $31.39 on Monday as analysts expressed confidence that the company was not to blame.
Originally posted by boondock-saint
The problem is, now they got caught and their
bubble is bursting and if Haliburton goes down,
many on Wall Street go down with them.
Originally posted by boondock-saint
2 months after this spill supposedly caused by Haliburton's
cement procedures, the Thailand's stock market
went into a selling frenzy. Some PTTEP stocks were sold
at bottom prices to Oman Oil which caused their stock
prices to actually rise (make a profit) less than 2 months
after an oil spill.
www.reuters.com...
Oman Oil Company, OOC (www.oman-oil.com) is fully owned
by the Government of the Sultanate of Oman. The company was
created in 1992 to give the Government a vehicle for pursuing
investment opportunities in the energy sector both inside and
outside Oman. The company is currently involved in a number
of projects in countries such as UAE, Korea, Thailand, Kazakhstan
and Spain.
www.ameinfo.com...
Had this accident by Haliburton NOT occurred, the stock prices
would not have tanked allowing the purchase of PTTEP Stock.
Conflict of interest here, Haliburton worked on the PTTEP rig
that had the spill in Australia and at the exact same time
won an oil contract from Oman Oil, the same company who
purchased the down stock of PTTEP when it tanked.
www.arabianoilandgas.com...
Now fast forward to 2010.
the same exact accident with an oil spill in gulf
happened once again with BP's stock blowing
out the bottom on Wall Street. See who buys up
BP Stock in the near future and you will find out
who paid Haliburton to cause this accident.