Halliburton hired for storm cleanup 12 replies

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#1 13 years ago

http://www.chron.com/cs/CDA/ssistory.mpl/business/3335685

The Navy has hired Houston-based Halliburton Co. to restore electric power, repair roofs and remove debris at three naval facilities in Mississippi damaged by Hurricane Katrina. ADVERTISEMENT

Halliburton subsidiary KBR will also perform damage assessments at other naval installations in New Orleans as soon as it is safe to do so.

KBR was assigned the work under a "construction capabilities" contract awarded in 2004 after a competitive bidding process. The company is not involved in the Army Corps of Engineers' effort to repair New Orleans' levees.

MANUFACTURING Cooper Cameron buys Dresser units Houston-based Cooper Cameron Corp. has agreed to buy certain businesses from Dallas-based Dresser for $224 million.

Cooper Cameron announced it is buying operations that make valves and other controls used by the oil and gas business. The operations are in the U.S. and six other countries and sell under names such as Grove, TK and Wheatley.

Revenues for the acquired businesses were $400 million in 2004 and earned a modest profit, according to Cooper Cameron. It predicted revenues will rise to $480 million for the current year.

ENERGY Pioneer announces stock buyback plan DALLAS - Pioneer Natural Resources Co., an independent oil and gas driller, said Thursday it will buy back $1 billion of its stock, raise its dividend 20 percent and exit exploration in the deep-water Gulf of Mexico.

The share buyback program would represent about 15 percent of Irving-based Pioneer's market value.

Pioneer plans to pay for the shares through borrowing and selling assets, including some in the Gulf and Argentina.

The company said the moves would focus on onshore drilling in North America and result in more consistent production.

Does this mean President Bush and his associates will be profiting on this disaster? Just curious.




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#2 13 years ago
Does this mean President Bush and his associates will be profiting on this disaster? Just curious.

Does it really matter? We know a bunch of companies will profit and we know there will be a lot of jobs for everyone. Somebody's gonna profit anyway. I don't think Bush will, but a lot of companies will. I mean who will fix all that for free?




GreatGrizzly

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#3 13 years ago

well its just kinda wrong that bush's friend benefits from destruction but that is capitalism at its best! :rolleyes:




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#4 13 years ago
DecebalusDoes it really matter? We know a bunch of companies will profit and we know there will be a lot of jobs for everyone. Somebody's gonna profit anyway. I don't think Bush will, but a lot of companies will. I mean who will fix all that for free?

Nobody will fix that for free. I was just wondering if Bush would profit from it...considering that Fluor, Betchel, Shaw, and Halliburton (all republican related contractors) are rebuilding New Orleans.




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#5 13 years ago

The democrats would have hired democrat contractor...




GreatGrizzly

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#6 13 years ago

of course they are going to benefit why hire some one you dont know when you can hire a friend

DecebalusThe democrats would have hired democrat contractor...

yes, both parties do it




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#7 13 years ago
DecebalusThe democrats would have hired democrat contractor...

True.

Excuse me while I beat the shit out of myself for being a hypocrite...




MR.X`

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#8 13 years ago

I may find myself nearly always disagreeing with you Jeffro, but at least you can admit your mistakes. Ali-G-Respect.gif




The Contender

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#9 13 years ago

i have already sent my resume to halliburton, here in Houston it has got to be the top paying company.




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#10 13 years ago
USMA2010I may find myself nearly always disagreeing with you Jeffro, but at least you can admit your mistakes. Ali-G-Respect.gif

Thanks man. :)

Maybe one of these days I'll actually get a topic that will be worth arguing over...:p




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