Halliburton

You know things are going from bad to worse for BlackBerry farmer Research In Motion when some of the stodgiest companies on the planet start trading in their BlackBerry smartphones for shiny new iPhones. The most recent defector from RIM: Halliburton, the fuddy-duddy oil-field services giant that critics associate with the Deepwater Horizon oil spill disaster, Dick Cheney, and no-bid contracts in Iraq.

BP has big problems, and not just because of the Gulf of Mexico oil spill and the $20 billion compensation fund it set up to pay the victims. The petro-giant has been missing Wall Street's profit targets lately, thanks to sloppy operations and a general trend toward lower gasoline consumption.

Oil industry practices and government rules must be subjected to substantial reform to prevent future accidents similar to BP's Deepwater Horizon oil rig disaster in the Gulf of Mexico last April, said a report released Tuesday by the presidential panel probing the incident.

The lead investigator for the presidential panel's investigation of April's Deepwater Horizon oil-spill disaster that killed 11 workers refuted previous reports that the rig's majority owner BP Plc and contractor Halliburton Co. compromised safety by cutting corners during the rig's construction, the New York Times reported.

Oil services firm Halliburton (HAL) has responded to claims that it was aware of test results showing that the cement to be used as a plug for the bottom of the Macondo oil well was unstable. Federal investigators sent a letter Thursday indicating that only one of the four tests Halliburton...

A federal commission investigating the BP Deepwater Horizon oil spill disaster, issued a scathing report today, saying BP and its cement contractor Halliburton knew that test results for the cement to be used as a plug for the bottom of the oil well showed the cement unstable.

Oil services company Halliburton reported that its net income more than doubled in the third quarter as a surge in onshore North American natural gas activity offset the suspension of drilling in the Gulf of Mexico.

The role of BP lawyers in the company's report on the explosion in the Gulf of Mexico is casting doubts on the impartiality of the study.

Incoming BP (BP) CEO Bob Dudley fired the executive at the center of the Gulf oil disaster and created a new division to improve safety. Andy Inglis, the head of the company's upstream business, will leave the company at the end of the year, BP said in a statement. Sponsored Links The company...

Halliburton and Kellogg, Brown and Root violated their contracts to safely dispose of waste in combat zones, and the toxins their burn pits released allegedly caused serious illnesses in U.S. soldiers. But will extenuating circumstances allow the military contractors to avoid punishment?