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Halliburton. Halliburton Company is an American multinational corporation and the world's second largest oil service company which is responsible for most of the world's largest fracking operations. [6] It employs approximately 55,000 people through its hundreds of subsidiaries, affiliates, branches, brands, and divisions in more than 70 ...
Boots & Coots is a well control company and has international offices throughout the globe within Halliburton. It was founded in 1978 by Asger "Boots" Hansen and Ed "Coots" Matthews, [1] veterans of the Red Adair Service and Marine Company. The two companies extinguished approximately one third of the more than 700 oil well fires set in Kuwait ...
Thomas H. Cruikshank. Thomas H. Cruikshank was chairman and CEO of Halliburton Company from 1989 to 1995. [1] He previously served as President and CEO from 1983 to 1989. During his tenure in the early 1990s, Halliburton provided extensive service to Kuwait in the aftermath of Operation Desert Storm. He was replaced at Halliburton by Dick ...
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]
As of 2016, Kuwait has a population of 4.2 million people; 1.3 million are Kuwaitis and 2.9 million are expatriates. [1] Oil reserves were discovered in 1938. From 1946 to 1982, the country underwent large-scale modernization.
April 10, 2003 – American, Robert Grimm, was killed in a vehicle accident on the Kuwait-Iraq border. He was working for National Response Corp. of Long Island as a fireman. May 5, 2003 - Swiss, Jacob Andersen, was killed by a group of masked men wielding knives. He was working for an Unknown Building corporation.
The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990, [1] Saddam Hussein's second invasion of a fellow OPEC member. Lasting only nine months, the price spike was less extreme and of shorter duration than the previous oil crises of 1973–1974 and 1979–1980, but the spike still contributed to the recession of the early 1990s in the United States. [2]
Kuwait was the world's 10th largest petroleum and other liquids producer in 2010. [1] The company produced a total of 1.7 million barrels per day. Kuwait's oil reserves have been nationalized since 1975, [ 2 ] with the KOC, established in 1979, [ 3 ] holding sole rights to the exploration and production of oil and gas within Kuwait. [ 4 ]