1.Previous
3.Next

Halliburton's Brown & Root (acquired 1962) subsidiary and the M.W. Kellogg division of Dresser (which Dresser had merged within 1988). Asbestos-related litigation from the Kellogg acquisition caused the company to book more than US $4.0 billion in losses from 2002 through 2004.As a result of the asbestos-related costs and staggering losses on the Barracuda Caratinga FPSO construction project based in Rio de Janeiro, Brazil, Halliburton lost approximately $900 million U.S.

1.Previous
3.Next