[Show all top banners]

Captain Haddock
Replies to this thread:

More by Captain Haddock
What people are reading
Subscribers
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 Halluburton Heads to Dubai

[Please view other pages to see the rest of the postings. Total posts: 21]
PAGE: <<  1 2  
[VIEWED 6511 TIMES]
SAVE! for ease of future access.
The postings in this thread span 2 pages, go to PAGE 1.

This page is only showing last 20 replies
Posted on 03-14-07 1:12 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Is it good for business but bad for politics as AP put it? Thought some of you might find the following the story to be of interest.

Also, check out this podcast (sorry wasn't available on Odeo for me to embed) - a very interesting discussion going on :
- mms://realserver.bu.edu:554/w/b/wbur/onpoint/2007/03/op_0313a.wma (Windows Media Player)

or

- http://realserver.bu.edu:8080/ramgen/w/b/wbur/onpoint/2007/03/op_0313a.rm (Real Player)

###############################################
Source: - http://www.iht.com/articles/2007/03/12/business/halliburton.php


Halliburton's move to Dubai signals concentration of business

HOUSTON: Halliburton, the American oil services company that is relocating its headquarters to Dubai, said that the move was part of a strategy to concentrate its efforts in the Middle East and surrounding areas, where state-owned oil companies represent a growing source of business.

Halliburton, which was led by Vice President Dick Cheney from 1995 to 2000, announced the strategy in 2006, the chief executive, David Lesar, said Sunday.

Halliburton is in the process of spinning off KBR, its military contracting unit, to focus on its business of drilling wells and maintaining fields for oil companies.

The company did not say what implications the Dubai development might have for its military contracts.

The Dubai announcement, which Halliburton made at a regional energy conference in Bahrain, comes at a time when the company is being investigated by the U.S. Justice Department and the U.S. Securities and Exchange Commission over allegations of improper dealings in Iraq, Kuwait and Nigeria.

Halliburton has also agreed to pay billions of dollars in settlements in asbestos litigation.

Halliburton would not elaborate on what the shift of its top executive might mean for some of the issues it faces. The move raised questions about whether Halliburton might gain tax advantages or other benefits.

A Halliburton spokeswoman, Melissa Norcross, referred inquiries to the company's press release, writing in an e-mail message: "The CEO's job is global by nature. He will continue to remain attentive to our shareholders, clients and employees around the world.

"Basing the CEO in Dubai to focus on our Eastern Hemisphere growth makes good business sense, as it is the center of our Eastern Hemisphere operations and a global business hub. We will maintain our company's legal registration in the United States, and we are not leaving Houston."

The mayor of Houston, Bill White, was notified shortly before Halliburton made the announcement, according to a spokesman, Frank Michel.

"We don't expect it will have a big impact on employment here," Michel said. He noted that Schlumberger, one of Halliburton's top competitors, maintains offices in both Paris and Houston.

On the face of it, the decision to move Lesar abroad appears to point mainly to how the epicenters of the energy business are moving from the mature fields of North America to the younger fields of the Middle East and Africa.

It also underscores the arrival of Dubai as a center for energy deal-making and commerce, a role once solidly filled by Houston.

"My office will be in Dubai, and I will run our entire worldwide operations from that office," said Lesar, who holds the titles of chairman, chief executive and president at Halliburton, during a conference in Manama, the capital of Bahrain.

"The Eastern Hemisphere is a market that is more heavily weighted toward oil exploration and production opportunities," Lesar added. "Growing our business here will bring more balance to Halliburton's overall portfolio."

Halliburton is incorporated in Delaware and its stock is traded in New York.

Reuters reported that Lesar said Halliburton would like to list its shares on an exchange in the Middle East, which it could do while maintaining its listing on the New York Stock Exchange.

Halliburton reported a record $2.3 billion in profit last year. It continues to be the dominant oil-field service company in North America, where it generates 60 percent of its operating income.

Over the last several years, an increasing amount of Halliburton's business has shifted to places like Kuwait, Russia, Libya, Australia, Vietnam and West and Central Africa.

Mirroring trends in the energy business, its customer base is shifting from traditional Western oil companies to national oil companies in developing countries.

Some analysts who follow Halliburton said they did not think the relocation of Lesar reflected anything more than changes in the energy business.

"They are moving to the center of the Eurasian-African hemisphere, and that's where the bulk of the work is going to be in the future," said Barbara Struck, an analyst with Energy Intelligence Group, a research firm.
 
The postings in this thread span 2 pages, go to PAGE 1.

This page is only showing last 20 replies
Posted on 03-14-07 1:51 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

captain saab,
that's old news.. Originally published in NYTIMES (O: on the 11th

here is the link

let me try to embed the source if it works (O:


 
Posted on 03-14-07 1:53 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 
 
Posted on 03-14-07 1:53 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 
 
Posted on 03-14-07 1:59 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 
 
Posted on 03-14-07 1:59 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

(sorry for the typo in the title) :P

Some interesting facts (from the podcast):

About Halliburton:

- Halliburton does business in Iran through off-shore subsidiary (justice department looked into it and cleared it)

- Halliburton does business in Iraq through subsidiary KBR Inc. Estimated revenue from Iraq stands at $16 billion

- Profit on government contracts is very small 2-3 to 4-6%. However profit from oil field contracts much higher.


About Dubai:

- 6 of the 10 largest national oil companies in the world are based in the Persian Gulf.

- 25% of the world's construction cranes in Dubai - capital of "rock and roll capitalism".

- Free-wheeling atmosphere : business like working under Dubai's "soft light" versus the spot light in many western countries
 
Posted on 03-14-07 2:02 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Thapap, yeah, its news from Sunday. My intent in posting, was not to flash breaking news, but to talk about the facts around it :) (give my judgment some credit :) )

BTW, what is that plugin needed for what you embedded? Firefox cant seem to find it.
 
Posted on 03-14-07 2:04 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 
 
Posted on 03-14-07 2:05 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

dyamn. i am learning HTML (O: HTML IN CRASH COURSE.. nothing seems to work )O:
 
Posted on 03-14-07 2:08 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

LOL Thapap! A friendly suggestion: try creating a page called test.html or something, save it to your desktop, and play around with the embedding there

(I do that when in doubt)
 
Posted on 03-14-07 2:08 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

%INCLUDE{"http://www.nytimes.com/2007/03/12/business/12haliburton.html?ex=1189310400&en=10a9b9917636b11f&ei=5087&excamp=OVBUhaliburton"}%
 
Posted on 03-14-07 2:09 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

captain it does not work like that kya... i am more of the twiki person. so html seems a little far fetched for me )O:
 
Posted on 03-14-07 2:19 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

sorry captain for messing up your thread but i did not realize that
san has disabled "i** frame" "frame" and et al. so it took a little bit to get around his smartness.. sorry




 
Posted on 03-14-07 2:22 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 
 
Posted on 03-14-07 2:25 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Thapap - Today is not your day with HTML, huh? : No worries, thanks for pushing this thread up. But for you, it would prolly have been out of the home page :)

Have a good day. If you have an opinion on this move or the facts around it, please feel free to share it here.
 
Posted on 03-14-07 2:34 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

java script is banned too. i did not know that )O:

dyamn....
 
Posted on 03-14-07 2:43 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 
 
Posted on 03-14-07 2:46 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

LOl, is this an HTML learning thread or what?? I gave up long time back..
 
Posted on 03-14-07 2:49 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Thapap - Stop! i_frame, jscript not allowed. What exactly are you trying to post?
 
Posted on 03-14-07 3:35 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Hope this works


 
Posted on 03-14-07 3:38 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Try This

http://www.ifilm.com/video/2831931
 



PAGE: <<  1 2  
Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 7 days
Recommended Popular Threads Controvertial Threads
मन भित्र को पत्रै पत्र!
TPS Work Permit/How long your took?
Another Song Playing In My Mind
Does the 180 day auto extension apply for TPS?
Travelling to Nepal - TPS AP- PASSPORT
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters