Edition:
United States

Key Developments: Halliburton Co (HAL.N)

HAL.N on New York Stock Exchange

41.46USD
23 May 2016
Change (% chg)

-- (--)
Prev Close
$41.46
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
3,481,904
52-wk High
$46.69
52-wk Low
$27.65

Latest Key Developments (Source: Significant Developments)

Halliburton declares qtrly dividend of $0.18 per share
Thursday, 19 May 2016 06:35pm EDT 

Halliburton Co :Says board declared a 2016 Q2 dividend of eighteen cents $0.18 a share.  Full Article

Halliburton to redeem $2.5 billion in senior notes
Friday, 6 May 2016 04:30pm EDT 

Halliburton Co : Halliburton to redeem $2.5 billion in senior notes . Halliburton plans to use cash on hand to fund special mandatory redemption .Will redeem entire outstanding principal amount of its 2.700% senior notes due March 2020 and 3.375% senior notes due March 2022.  Full Article

Halliburton Company and Baker Hughes Incorporated announce termination of merger agreement
Sunday, 1 May 2016 08:00pm EDT 

Halliburton Company and Baker Hughes Incorporated:Terminated the merger agreement they entered into in November 2014, effective April 30, 2016.  Full Article

Halliburton Co says it cut 6,000 jobs in Q1, delays earnings call - Reuters News
Saturday, 23 Apr 2016 04:09am EDT 

Halliburton Co:Halliburton Co said it cut more than 6,000 jobs in the first quarter, during which revenue slumped 40.4 percent and it took a $2.1 billion restructuring charge mainly for severance costs and asset write-offs amid the prolonged slump in oil prices - RTRS.Halliburton also postponed its earnings conference call to May 3 from April 25 to accommodate the April 30 deadline to close its acquisition of Baker Hughes Inc BHI.N, the company said in a statement after the U.S. market closed on Friday.The No.2 oilfield services provider is scheduled to report first-quarter results on Monday, April 25. Baker Hughes is due to report on April 27, but has not held conference calls since the merger was announced in 2014.While the deal will help Halliburton narrow the gap with market leader Schlumberger Ltd SLB.N, it faces stiff regulatory hurdles.The U.S. Justice Department filed a lawsuit this month to block the deal. European Union antitrust regulators could make its objections to the deal known to Halliburton next week, Reuters reported on Wednesday.The merger was in part to help weather the oil price downturn that started in mid-2014, and its aftermath. Since 2014, Halliburton has reduced its headcount by about a third and slashed costs as its clients sharply reduce activity.  Full Article

Halliburton Co - EU regulators set to warn Halliburton on Baker Hughes deal - sources - Reuters News
Wednesday, 20 Apr 2016 04:22pm EDT 

Halliburton Co:European Union antitrust regulators are set to warn U.S. oil industry services group Halliburton Co that its plan to buy Baker Hughes will hurt competition, two people familiar with the matter said on Wednesday - RTRS.The move will add to Halliburton's woes after the U.S. Justice Department filed a lawsuit this month to stop the deal because the combined company would only compete with Schlumberger NV SLB.N in 20 business lines in the global well drilling and oil industry construction services industry.The warning in the form of a so-called statement of objections from the European Commission could come as soon as next week, the people said.Such a move typically means the EU watchdog is poised to block a merger unless companies provide concessions to address its concerns.Commission spokesman Ricardo Cardoso declined to comment. Halliburton did not immediately reply to an email for comment.The Commission has previously voiced worries that the deal may reduce competition and innovation.Halliburton is willing to sell assets from both companies with a combined 2013 revenue of $5.2 billion but has yet to make a formal offer to regulators.  Full Article

Halliburton Co - EU regulators resume scrutiny of Halliburton, Baker Hughes deal - Reuters News
Tuesday, 12 Apr 2016 05:04am EDT 

Halliburton Co:EU competition regulators have resumed their scrutiny of U.S. oil industry services group Halliburton Co's plan to acquire smaller rival Baker Hughes BHI.N, a deal which U.S. authorities say is uncompetitive and wants to block.The European Commission, which halted its investigation into the $35 billion deal last month while waiting for more details from the companies, will now decide by Aug. 11 whether to clear or veto the takeover."Once the requested missing information is provided the Commission restarts the clock," Commission spokesman Ricardo Cardoso said in an email.The EU antitrust authority has previously expressed concerns that the deal may reduce competition and innovation.Halliburton has said it is willing to sell assets from both companies with a combined 2013 revenue of $5.2 billion but has yet to make a formal offer to regulators.The U.S. Justice Department filed a lawsuit last week to stop the merger, valued at $35 bln when it was first announced in November 2014.saying it would leave only two dominant suppliers in 20 business lines in the global well drilling and oil industry construction services industry, with Schlumberger NV being one of the two.  Full Article

Halliburton Co - U.S. Justice Dept. will sue to stop merger of Halliburton and Baker Hughes -source - Reuters News
Tuesday, 5 Apr 2016 02:11pm EDT 

Halliburton Co:The U.S. Justice Department will file a lawsuit as soon as this week to stop Halliburton from merging with Baker Hughes, a deal that would combine the No. 2 and No. 3 oil services companies, a source familiar with the matter said. - RTRS.The two sides had been discussing asset sales aimed at saving the deal, which was announced in November 2014. Halliburton declined comment.  Full Article

Halliburton Co - Monaco raids Unaoil offices over global oil corruption probe - Reuters News
Friday, 1 Apr 2016 08:09am EDT 

Halliburton Co:Authorities in Monaco raided the offices of energy services company Unaoil and the homes of its directors after Britain sought help investigating alleged corruption in the global oil industry. - RTRS.Monaco's government said in a statement on its website that it acted after receiving an urgent request for international judicial assistance in criminal matters from Britain's Serious Fraud Office (SFO).Unaoil directors were questioned by Monaco police on Tuesday and Wednesday, the government said.Joint reports by Australia's Fairfax Media and the Huffington Post said that the U.S. Department of Justice and anti-corruption police in Britain and Australia had launched a joint investigation into the activities of Unaoil.The U.S. Federal Bureau of Investigation is investigating the allegations against Unaoil, a source familiar with the matter told Reuters.Italian oil major Eni, one of the companies mentioned in the report, indicated that it would hold an internal inquiry into the allegations.The media reports said U.S. construction giant KBR Inc, which until 2007 was owned by oilfield services provider Halliburton Co, paid Unaoil millions of dollars from 2004 until at least 2009.A spokesman for Britain's SFO said it was "aware of the allegations," but would not comment further.WorleyParsons & Primary Health Care, both named in the media reports, denied any relationship with Unaoil.  Full Article

EU stops Halliburton Co, Baker Hughes Inc deal probe again, wants more info - Reuters News
Monday, 21 Mar 2016 01:49am EDT 

Halliburton Co:Halliburton's plan to acquire Baker Hughes BHI.N and create the world's biggest U.S. oilfield services provider faces more delay after European Union antitrust regulators halted their investigation into the $35 billion deal for the second time - RTRS.The European Commission said the companies have yet to provide an important piece of information."Once the missing information is supplied by the parties, the clock is re-started and the deadline for the Commission’s decision is then adjusted accordingly," Commission spokesman Ricardo Cardoso said in an email.The EU competition authority is concerned that the deal may reduce competition and innovation in more than 30 product markets, both onshore and offshore.It had suspended the deal review for about two weeks in February for a similar reason. Halliburton, which is willing to divest businesses with combined 2013 revenue of $5.2 billion to sooth regulators, has yet to make a formal offer of concessions.The deal comes amid weak oil prices and reduced drilling activity.  Full Article

Halliburton Co to slash 5,000 more jobs amid oil slump - Reuters
Thursday, 25 Feb 2016 02:27pm EST 

Halliburton Co:Halliburton Co, pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8 percent, or by 5,000 jobs, company spokeswoman Emily Mir told Reuters on Thursday. - RTRS.  Full Article

BRIEF-Halliburton declares qtrly dividend of $0.18 per share

* Says board declared a 2016 Q2 dividend of eighteen cents $0.18 a share