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In 1998, Dresser merged with its main rival Halliburton. [1] Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five ...
In 1998, Halliburton merged with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton; his son, former president George H. W. Bush , worked for Dresser Industries in several positions from 1948 to 1951, before he founded Zapata Corporation .
In 2018, the Dresser-Rand Government Business unit of Siemens Government Technologies was sold to Curtiss-Wright Corporation for $212.5 million in cash. [19] At the time of acquisition, Dresser-Rand was an exclusive supplier of steam turbines and main engine guard valves across all aircraft carrier programs.
Oil giant Halliburton said Wednesday it’s grappling with a computer system issue reportedly linked to a cyberattack. A person familiar with the matter told Reuters that Halliburton was hit by a ...
U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter. Halliburton said it was aware of an issue affecting certain systems ...
A 1998 merger between Halliburton and Dresser Industries attracted the criticism of some Dresser executives for Halliburton's lack of accounting transparency. [75] Halliburton shareholders pursued a class-action lawsuit alleging that the corporation artificially inflated its stock price during this period, though Cheney was not named as an ...
KBR and Halliburton also paid $177m USD in disgorgement of profits to the Securities and Exchange Commission (SEC) due a civil complaint filed by the SEC relating to the FCPA charges. [49] Former CEO Albert Jackson Stanley, who ran KBR when it was a subsidiary to Halliburton, was sentenced to 30 months in prison via plea agreement. [50] [51]
Gibson previously served on the City-County Council for two terms from 2000 to 2007, losing his reelection bid in 2007, the same year former Democratic Mayor Bart Peterson was ousted by former ...