HALLIBURTON fällt heute von 23 auf 15 € - WIESO ? - 500 Beiträge pro Seite

[wieni]

Die Aktie verliert seit Tagen ständig an Wert. Hängt das mit der Enron zusammen, wer weiß mehr?

[gr8stox]

wegen Asbestklage:

Halliburton Down Amid Asbestos Woes
Audio/Video
Market Update: 12 P.M. (ET) - (Yahoo! Finance Vision)



By Andrew Kelly

HOUSTON (Reuters) - Halliburton Co. (NYSE:HAL - news) shares lost a third of their value on Friday, falling to their lowest level in almost nine years on news of mounting asbestos problems for the Dallas-based oilfield services and engineering giant.

Halliburton, headed until August 2000 by U.S. Vice President Dick Cheney (news - web sites), said in a filing with the Securities and Exchange Committee that a Baltimore jury had awarded $30 million in asbestos damages against its Dresser Industries subsidiary.

The Baltimore verdict brings recent asbestos liability awards against the company to over $150 million.

In afternoon trading, Halliburton`s shares were down $7.58, or 36 percent, at $13.27, after touching an intraday low of $13.09, a level last seen in January 1993. Halliburton was the most actively traded stock on the New York Stock Exchange (news - web sites).

ABN AMRO analyst Stephen Gengaro said he has long been telling investors to shun Halliburton because of its exposure to asbestos lawsuits, recommending they invest instead in rival oilfield service companies such as Baker Hughes Inc.(NYSE:BHI - news)

``We don`t think there`s such a thing as a manageable asbestos problem. If you invest in oilfield services why would you want to expose yourself to that when you don`t have to?`` he asked.

Asbestos was once widely used as a fireproofing and insulation material and in asbestos-cement products, but scientists concluded in the 1960s and 1970s that inhalation of asbestos fibers could cause diseases including lung cancer.

EXTENSIVE DISCLOSURES

Halliburton has made extensive disclosures about its potential asbestos liability in quarterly filings with the Securities and Exchange Commission (news - web sites), but has always maintained that the issue does not pose a major threat to the company.

The latest asbestos verdict against Halliburton was returned in Baltimore city circuit court on Wednesday.

The month-long trial centered on allegations that products containing asbestos made by the Harbison-Walker company caused lung cancer in five people, three of whom died. Harbison-Walker was spun off by Halliburton`s Dresser Industries unit in 1992.

Halliburton said it plans to challenge the Baltimore verdict in post-trail motions and to appeal the verdict aggressively if those motions are not successful.

In a separate filing with the SEC earlier this week, Halliburton disclosed that a court in Orange, Texas, recently entered judgements on jury awards totaling $100.7 million against Dresser Industries in two separate asbestos liability cases.

Halliburton also recently disclosed that a Mississippi jury had awarded $21.25 million in asbestos damages against Dresser.

In a Nov. 8 filing with the Securities and Exchange Commission Halliburton said about 340,000 asbestos claims had been filed against the company and its subsidiaries since 1976, of which 194,000 had been resolved, leaving 146,000 open claims.

It said the cases resolved through settlements and court proceedings had cost a total of $143 million of which it expects to recover all but $38 million form its insurers.

``We believe that open asbestos claims will be resolved without a material adverse effect on our financial position or the results of operations,`` the company said in its filing.

[GENLOG]

NEUE RATINGS vom 10.12.2001

MORGAN STANLEY - PRICE TARGET $25
UBS WARBURG - PRICE TARGET $24

[GENLOG]

Halliburton KBR, JGC Awarded Front-End Engineering Design for Guangdong LNG Terminal Project

12/11/2001 12:02:00 PM
DALLAS, and YOKOHAMA, China, Dec 11, 2001 /PRNewswire via COMTEX/ -- Halliburton KBR and JGC have been awarded a contract to provide Front-End Engineering Design (FEED) for the terminal portion of Guangdong LNG`s (GLNG) Terminal and Trunkline Project`s proposed Chinese Liquefied Natural Gas (LNG) project in the Guangdong Province in southern China. The overall project, estimated at approximately U.S. $600 million, comprises both an LNG receiving terminal with an initial capacity of 3 Mtpa (million tons per annum) and a 300km natural gas distribution pipeline system. Halliburton KBR is the engineering and construction segment of Halliburton (HAL) .

The contract will be executed in two phases. During the conceptual phase, the LNG terminal design will be optimised within the context of the overall project, and during the front-end engineering phase, the design for the terminal will be developed. Conceptual work will be undertaken in the London offices of M.W. Kellogg Limited while execution of the FEED phase will occur in JGC`s offices in Yokohama, Japan. The FEED is scheduled for completion by first quarter 2002.

This project represents the first of its kind in China and reinforces KBR and JGC`s position as the world`s leading provider of LNG terminal design services.

"We are extremely pleased that the GDLNG Joint venture has selected the KBR / JGC Gas Alliance to work with them on this exciting project," M.W. Kellogg Limited Director Ken Oguri said. "We look forward to utilising our extensive LNG experience on such an important and exciting development."



Halliburton KBR is an international, technology-based engineering and construction company, which provides a full spectrum of industry-leading services for public infrastructure and to the hydrocarbon, chemical, energy, and forest products industries.

Halliburton Company, founded in 1919, is the world`s largest provider of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company`s World Wide Web site can be accessed at http://www.halliburton.com/

.

[GENLOG]

...................................................................................................................................................................................................................
Halliburton (HAL) executives said the firm is sound and has enough insurance to fight mounting asbestos claims.

[GENLOG]

.
Halliburton Expands Its Relationship With Vanco Energy Company for Growing Deepwater Exploration Projects
December 12, 2001 12:29:00 PM ET


DALLAS & HOUSTON--(BUSINESS WIRE)--Dec. 12, 2001--Halliburton HAL continues to build upon its relationship with Vanco Energy Company with the signing of an agreement for the provision of engineering and consulting services in several deepwater regions offshore West Africa. The agreement comes as Vanco, the largest holder of deepwater exploration licenses in Sub-Saharan Africa, prepares for a major drilling program offshore West Africa, commencing in late 2002. The operator expects to drill at least six deepwater exploratory wells offshore Equatorial Guinea, Cote d`Ivoire, Morocco and Namibia. In addition to the engineering and consulting services agreement, Halliburton is providing Vanco with a LNG project screening study, software licenses and screening tools.

Halliburton sees the Vanco agreement as another step in maintaining its position as the real-time solutions leader in the global deepwater environment. According to Dave Lesar, Halliburton`s chairman, president and chief executive officer, "From the introduction of Halliburton`s HalLink(TM) high-speed satellite communications network into Africa to the continued advances being made to our existing infrastructure in Angola and Nigeria, Halliburton will continue to help operators leverage their resources in developing opportunities off the coast of West Africa."

Halliburton`s business unit, Halliburton Energy Services, is scheduled to begin engineering related work within the next few weeks. Contract work is expected to continue for several years as Vanco works through its extensive deepwater portfolio, with exploration blocks in seven countries: Cote d` Ivoire, Equatorial Guinea, Gabon, Madagascar, Morocco, Namibia and Senegal. Halliburton will provide a variety of engineering and consulting services, including tasks related to reservoir description and well construction planning and engineering, as well as assist in the development of Vanco`s overall drilling philosophy.

"With a major drilling program scheduled in just over a year, we knew Halliburton could deliver the necessary expertise and project support for drilling our wells in West Africa`s deep water. This relationship with Halliburton will strengthen our capabilities to meet our drilling plans as Operator of these deepwater blocks. It will take us where we need to be in the next twenty-four months," said Vanco`s Founder and President Gene Van Dyke.

Drilling engineering work is scheduled to focus on pore pressure/fracture gradient predictions, well trajectory options, casing programs, and testing and completion philosophies. Additionally, drilling time curves and cost estimates are already being created; the use of extended-reach drilling will also be a possibility. Much of the initial engineering and consulting work will be based at Vanco`s Houston headquarters with subsequent well construction activities being managed from Vanco offices in each specific country.

In addition to the engineering and consulting contract with Halliburton Energy Services, Vanco has also teamed up with Halliburton`s Landmark Graphics Corporation, Granherne and Halliburton KBR. Halliburton KBR worked with Vanco to develop a project screening study related to potential gas market issues in the West Africa development. Landmark Graphics is providing the operator with a complete suite of integrated interpretation software tools, including the SeisWorks(TM) and OpenWorks(TM) tools. Granherne`s FieldPlan(TM) screening tool will be used to assist the operator with exploration potential development options. This can be especially useful in water depths up to 12,000 feet.

Halliburton, founded in 1919, is the world`s largest provider of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company`s World Wide Web site can be accessed at www.halliburton.com.

Houston-based independent Vanco Energy Company specializes in exploring for oil and gas in deep water. Since 1997, the company has acquired 20.5 million net acres in seven countries offshore Africa. Having completed a major regional 3-D and 2-D seismic survey in 2000 and 2001, Vanco is now preparing for a regional drilling program. Vanco`s World Wide Web site can be accessed at www.vancoenergy.com.

Contact Information:
Halliburton, Houston
Wendy Hagan, 713/676-5619
[e-mail]
or
Vanco Energy Company, Houston
Janice Van Dyke Walden, 713/877-8544
[e-mail]


© 2001 BusinessWire

[GENLOG]

Halliburton KBR Wins Logistics Civil Augmentation Contract from US Army

12/17/2001 7:45:00 AM

ARLINGTON, Va., Dec 17, 2001 /PRNewswire via COMTEX/ -- Halliburton KBR Government Operations division has been awarded the U.S. Army Logistics Civil Augmentation Program (LOGCAP) III contract by Headquarters, U.S. Army Operations Support Command, Rock Island, a major subordinate command of the U.S. Army Material Command. Halliburton KBR Government Operations was formerly known as Brown & Root Services. Established by the U.S. Army to fulfill the Department of Defense`s global mission during contingency events, LOGCAP provides the warfighter with additional capabilities to rapidly support and augment the logistic requirements of its deployed forces through use of a civilian contractor.

Brown & Root Services served as the original LOGCAP contractor and supported contingency events from 1992 to 1997 in locations ranging from Somalia to Haiti and subsequently the Balkans. When the presence of U.S. Forces in the Balkans progressed into a sustainment phase in 1997, the U.S. Army Europe maintained continuity of services by awarding Brown & Root the Balkans Support Contract.

Dave Lesar, Chairman, President and Chief Executive Officer of parent company Halliburton (HAL) , discussed the strategic importance of this contract: "Augmenting our military troops with contractor-provided support has proven to be an invaluable Force Multiplier."

LOGCAP III is a 10-year Task Order contract, with a one-year base period and nine one-year options. Over the past 10 years, Halliburton KBR provided over $2.5 billion in support services to deployed forces under LOGCAP I and the ongoing sustainment work performed under the Balkans Support Contract. The contract requires the contractor to deploy within 72 hours of notification and to deliver Combat Support and Combat Service Support (CS/CSS) for 25,000 troops within 15 days. Halliburton KBR must be ready to furnish these warfighter services 24 hours a day, 7 days a week, 365 days a year under any condition and at any location around the globe. By working with the Army planners, Halliburton KBR, drawing on its proven experience, will provide for the construction of facilities and infrastructure of base camps including billeting, mess hall, food preparation, potable water, sanitation, showers, laundry, transportation, utilities, warehousing and other logistical support. Also included is support of the Reception, Staging, Onward Movement, Integration (RSOI) process of U.S. Forces as they enter or depart their theater of operation by sea, air or rail.

"Perhaps at no point in our history," commented Lesar, "has such a need existed for this critical support. Our troops have performed bravely and brilliantly in the field over the past three months. We are especially proud to be able to offer Halliburton`s global resources and our continued support to our nation`s heroes."

[GENLOG]

.

17.12.2001
Halliburton langfristig kaufen
Der Anlegerbrief

Die Wertpapierexperten von "Der Anlegerbrief" raten zum langfristigen Kauf der Aktien von Halliburton (WKN 853986).

Wenn mittlere Unternehmen einer Lawine an Sammelklagen zum Opfer fielen, bedeute dies häufig das Aus. Oft würden selbst die Kurse von Marktführern auf die Veröffentlichung von Sammelklagen unter Druck geraten. Konkursängste hätten am Freitag, dem 7. Dezember auch den Kurs des texanischen Explorationsausstatters Halliburton vorübergehend um fast 50% einbrechen lassen, nachdem ein Gericht in Baltimore die Tochtergesellschaft Dresser in einem Asbest-Schadenersatzprozess zu Schadenersatzzahlungen in Höhe von 30 Mio. US-Dollar verurteilt habe. Halliburton hingegen falle im Gegensatz zu den zahlreichen in Chapter 11 befindlichen Unternehmen fast in die gleiche Risikoklasse wie Philip Morris und habe darüber hinaus noch weitere Trümpfe im Ärmel.

Das Kerngeschäft entwickele sich trotz niedriger Ölpreise weiterhin zufriedenstellend. Deshalb halte das Management auch an den Umsatz- und Ertragsprognosen für das 4. Quartal fest. 2002 sollte der Gewinn pro Aktie laut First Call/Thomson-Schätzungskonsens von 1,30 auf 1,31 US-Dollar steigen. Jüngste Großaufträge aus China im Ausmaß von über 600 Mio. US-Dollar würden sogar einen Anstieg auf 1,34 US-Dollar erwarten lassen. Auf Basis eines Kurses von 13 US-Dollar entspreche dies dann sogar einem KGV von 10. Diesem stehe ein geschätztes Gewinnwachstum 2003 bis 2007 von 15% p. a. gegenüber. Der Fair Value liege bei 20 US-Dollar pro Aktie.

Vor allem die konservative Finanzierung des Unternehmens gelte als eine hervorragende Grundvoraussetzung. Halliburton verfüge gegenwärtig über Cashreserven von 250 Mio. US-Dollar. Damit sei das Unternehmen in der Lage, gleich 16% aller Schulden zurück zu zahlen. Ein Working Capital in Höhe von 2,7 Mrd. US-Dollar und noch unverbrauchte Kreditlinien in Höhe von 700 Mio. US-Dollar würden ein weiteres Sicherheitspolster darstellen. In den ersten zehn Monaten 2001 habe Halliburton den Schuldenanteil am Gesamtkapital von 40 auf 25% senken können.

Auch die Ertragskraft signalisiere ein günstiges Chancen-Risiko-Verhältnis. In den vergangenen vier Quartalen habe der Ölbohrer bei einem Umsatz von 13,1 Mrd. US-Dollar ein EBITDA von 1,3 Mrd. US-Dollar erwirtschaftet, und der Nettogewinn habe bei 389 Mio. US-Dollar bzw. 0,91 US-Dollar pro Aktie gelegen. Sprecher des Unternehmens würden in jüngster Zeit auch gerne auf den hohen Cash Flow verweisen, der sich in den kommenden zwei Jahren in einer Bandbreite zwischen 1,1 und 1,3 Mrd. US-Dollar bewegen sollte.

Die von CEO Dave Lesar bei ersten Anzeichen einer Kursberuhigung geplanten Aktienrückkäufe würden auf eine Unterbewertung hindeuten. Lesar sowie zahlreiche Branchenkenner aus Texas hätten nach dem Einbruch auf ein Zehnjahrestief eine historisch günstige Einstiegschance gesehen. Aktienrückkäufe und Insiderkäufe sollten deshalb nicht mehr lange auf sich warten lassen, denn die diversen Horrorszenarien der Boulevard-Presse seien angesichts der vergangenen Entwicklung der Asbest-Prozesse denkbar unwahrscheinlich.

So habe die höchste Schadenersatzzahlung nach Berufung lediglich bei 1,8 Mio. US-Dollar gelegen und insgesamt seien bereits 194.000 Klagen zu Durchschnittskosten von 200 US-Dollar geregelt worden. Halliburton sei somit eines von zahlreichen Blue Chips, das am "Philip-Morris-Syndrom" erkrankt seit und bei schneller Genesung - ähnlich wie der amerikanische Tabakriese - in den kommenden zwei bis drei Jahren mit einer Kursvervielfachung die Wall Street ins Staunen versetzen könnte.

Aus diesem Grund sollten die gegenwärtig niedrigen Kurse zum Aufbau von Langfristpositionen genutzt werden, so die Analysten von "Der Anlegerbrief".


.

[GENLOG]

Halliburton Announces Landmark Awarded E&P Data Management Contract by the Brazilian Geological Service

12/18/2001 10:00:00 AM

DALLAS, Dec 18, 2001 (BUSINESS WIRE) -- Halliburton Company (HAL) and its wholly owned business unit, Landmark Graphics Corp., today announced that Landmark has been awarded a four-year E&P data management contract by the Brazilian Geological Service (CPRM). The contract calls for Landmark to provide technology, support and consulting services in organizing, archiving and managing all Brazilian petroleum industry seismic and well E&P data on behalf of the National Petroleum Agency (ANP) located in Rio de Janeiro.

"Technology transfer from Landmark to our staff is vital in order to seek excellence and assure a long-term relationship," remarked Dr. Umberto Costa, president of CPRM. "Based on teamwork, our CPRM and Landmark professionals will be working in the same office in a collaborative and friendly environment."

"This Brazilian contract is another example of our continued growth in the E&P data management business resulting from Landmark`s acquisition of PetroBank(TM)," said Dave Lesar, chairman, president and CEO of Halliburton. "An opportunity such as this is the result of global companies like Halliburton, forward-looking organizations such as CPRM and ANP and the market-leading data management solutions provided by Landmark."

"We are extremely pleased to be able to have access to the PetroBank family of comprehensive data management technologies and integration services provided by Landmark," said Giovanni Toniatti, director of ANP. "Landmark`s sophisticated technology will add significant value to our E&P data, helping the E&P industry save time and money in their analyses."

In cooperation with national and international members of the oil industry, the Brazilian national E&P databank (BDEP) was created in early 2000 through an agreement between CPRM and ANP. During the four-year E&P data management contract, Landmark will utilize the proven PetroBank system and its leading-edge data management services provider, GrandBasin.

"In the near future, all E&P data will be available via Web-enabled applications, allowing our worldwide clients to access information, select, display and request downloads from any location," commented John Gibson, Landmark`s president and CEO. "The application and data services provided by GrandBasin are changing the business dynamics as we know them."

The scope of the work includes managing of all Brazilian E&P public, proprietary and speculative data. BDEP total data today is on the order of 100 terabytes and increasing by the day due to non-stop acquisitions and drilling prospects of this emerging Brazilian E&P market.

GrandBasin is the leading provider of data hosting and management services and vendor-neutral application hosting for the upstream oil and gas industry. Service offerings include 24x365 Web-based access to hosting services and the PetroBank family of comprehensive data management technologies and integration services. GrandBasin delivers anywhere, anytime access to data and the latest analytical knowledge management tools, enabling E&P companies to focus on their core, business-critical activities. Additional GrandBasin information is available at www.grandbasin.com.

Landmark is the leading supplier of software and services for the upstream oil and gas industry. The company`s software solutions span exploration, production, drilling, business decision analysis and data management. Landmark offers a broad range of consulting services that enable customers to optimize their technical, business and decision processes. Visit the Landmark Web site at www.lgc.com for more information.

Halliburton Company, founded in 1919, is the world`s largest provider of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company`s World Wide Web site can be accessed at www.halliburton.com.

[GENLOG]

Fenosa picks Halliburton group for gas plant

12/19/2001 5:27:00 AM
MADRID, Dec 19 (Reuters) - Spanish electricity firm Union Fenosa (UNF) said on Wednesday it had awarded the contract to build its gas liquefaction plant in Damietta, Egypt to Halliburton (HAL) , Japan Gasoline and Tecnicas Reunidas.

Fenosa said it would use project finance to fund the development of the plant, which will involve a total investment of around $1.0 billion, and it would initially spend in the region of $120 million.

The contract foresees the plant coming into operation in September 2004, with an initial production of 6.89 bcm per year.

REUTERS

Rtr 05:27 12-19-01 Copyright 2001, Reuters News Service

[GENLOG]

.
Halliburton KBR and Partners Awarded $1 Billion Egyptian LNG Project

12/19/2001 9:37:00 AM
DALLAS, Dec 19, 2001 /PRNewswire via COMTEX/ -- Halliburton KBR and its joint venture partners have been awarded the engineering, procurement, and construction contract for a liquefied natural gas (LNG) project, in the port of Damietta, northern Egypt, by SEGAS, Union Fenosa`s special purpose operating company in Egypt. The project, estimated at approximately $1 billion, calls for the development of a single train LNG complex (with an option for a second train) with a capacity of approximately 5 million tons per annum for the first train. The plant is expected to be operational by the fourth quarter 2004. Joint venture partners are JGC Corporation of Japan and Tecnicas Reunidas SA (TR) of Spain. Halliburton KBR is the engineering construction segment of Halliburton (HAL) .

"This win reaffirms Halliburton KBR as the industry LNG leader," said Dave Lesar, chairman, president and chief executive officer of Halliburton. "LNG has been a major part of Halliburton KBR`s business for over twenty five years and we are proud to remain in the forefront of this sector of industry."

In addition to being the largest capacity train and fastest developed LNG Baseload plant, this project is expected to generate substantial export earnings for Egypt and establish Union Fenosa as a significant player in the natural gas industry.

The work will be managed from Halliburton KBR`s affiliate company, M.W. Kellogg Limited, in Greenford, London, U.K., and executed jointly from that office and the TR offices in Madrid, Spain, by an integrated team drawn from the resource strengths and experience of Halliburton KBR, JGC, TR and MWKL. In addition the JV will be utilizing the services of Soluziona (Union Fenosa`s own services group), as well as employing the dedicated resources of Egyptian engineers ENPPI and contractors Petrojet.

M.W. Kellogg Limited (MWKL) is a full service engineering company jointly owned by Halliburton KBR, and the JGC Corporation. Established in 1947, MWKL provides the full range of feasibility, engineering, procurement, construction and commissioning/start-up management services for the worldwide process plant industry.

Halliburton KBR and JGC have been leaders in gas processing for more than 50 years and have made significant contributions in process developments, equipment design and construction methods. http://www.mwkl.co.uk .

Halliburton KBR is an international, technology-based engineering and construction company, which provides a full spectrum of industry-leading services for public infrastructure and to the hydrocarbon, chemical, energy, and forest products industries. Halliburton, founded in 1919, is the world`s largest provider of products and services to the petroleum and energy industries. The company`s World Wide Web site can be accessed at http://www.halliburton.com .

Established in 1928, JGC has a strong background in lump sum turnkey operations of both hydrocarbon and non-hydrocarbon related projects with annual sales turnover of approximately $3 billion. JGC is an international engineering and construction company based in Yokohama, Japan, having multiple operating centers and executing large scale construction projects world-wide. JGC is currently executing projects in Nigeria, Algeria, Saudi Arabia, Malaysia, Australia and Venezuela. JGC`s website can be accessed at http://www.jgc.co.jp .

TECNICAS REUNIDAS is the leading Spanish engineering company in refining, petrochemical and power generation, whose main activities are the design and construction of industrial plants of all types as well as of power generation plants, mainly as an EPC contractor. Established in 1965, TR is considered among the five main general contractors for refining and gas processing plants in Europe. TR has developed more than 900 industrial projects in more than 50 countries in all continents. TR is currently developing projects in Egypt, Iran, Turkey, Algeria, China, Russia, Peru, Ecuador and Namibia, among others.

[GENLOG]

Landmark and SGI Announce Agreement to Jointly Market Visualization Facilities; Leading-Edge Software and Hardware are Revolutionizing the Oil and Gas Exploration Industry

12/20/2001 10:01:00 AM
DALLAS, Dec 20, 2001 (BUSINESS WIRE) -- Landmark Graphics Corp., a wholly owned business unit of Halliburton Company (HAL) , and SGI (SGI) today announced an agreement to jointly market GeoProbe(TM) software and SGI(R) Reality Center(TM) facilities. The GeoProbe software was developed by Magic Earth, a recent acquisition and wholly owned business unit of Halliburton.

The combination of Magic Earth`s GeoProbe and SGI Reality Center technologies is revolutionizing the search for oil and gas. Landmark and SGI will be working together closely to meet the rapidly accelerating demand for large-scale visualization technology in today`s increasingly competitive energy markets.

This new joint agreement extends an existing long-term working relationship between Landmark and SGI by creating a unique marketing arrangement. Under this new agreement, during the sale of GeoProbe, Landmark and Magic Earth will work closely with SGI to define a suitable large-scale compute and display environment that fits the customer`s requirements.

"Landmark is pleased to partner with SGI in this joint marketing effort," said John Gibson, president and CEO of Landmark. "Competition in oil and gas exploration is constantly increasing, and the combination of GeoProbe and the SGI Reality Center facilities gives our customers unique advantages in locating new reserves and identifying by-passed plays. This agreement between Landmark and SGI meets the demand for this technology that we are seeing. Although we have only recently completed the merger of Magic Earth into the Halliburton companies, customer interest in GeoProbe and SGI systems is exceeding our initial expectations."

"There are more than 550 SGI Reality Center facilities around the world, over 120 of them in the energy sector," added SGI CEO Bob Bishop. "The future of the oil and gas industry lies in the visualization of huge amounts of complex data and borderless collaboration of oil industry professionals, resulting in significantly improved decision making and reduced business risk. We look forward to working with Landmark on the implementation of visualization infrastructures, enabling a paradigm shift in the global search for oil."

Under the marketing agreement, Landmark will provide the overall project leadership, application software and software-related consulting services; SGI will provide the hardware, display system and consulting services associated with setting up the environment. The combined expertise of Landmark and SGI in the implementation of these systems should result in optimized solutions at increased value vs. independently assembled components.

Reality Center facilities immerse users in virtual environments so they can explore, understand and communicate about their data in ways not possible in the physical world. This approach helps the users arrive at better decisions collaboratively in less time, providing enormous cost savings while enhancing productivity.

SGI, also known as Silicon Graphics, is the world`s leading provider of high-performance computing, complex data management and visualization products, services and solutions that enable its technical and creative customers to gain strategic and competitive advantages in their core businesses. Whether being used to design and build safer cars and airplanes, discover new medications and oil reserves, predict the weather, entertain us with thrilling movie special effects or provide mission-critical support for government and defense, SGI(R) systems and expertise are empowering a world of innovation and discovery. The company, located on the Web at www.sgi.com, is headquartered in Mountain View, Calif., and has offices worldwide.

Landmark is the leading supplier of software and services for the upstream oil and gas industry. The company`s software solutions span exploration, production, drilling, business decision analysis and data management. Landmark offers a broad range of consulting services that enable customers to optimize their technical, business and decision processes. Visit the Landmark Web site at www.lgc.com for more information.

Magic Earth Inc. specializes in state-of-art volume visualization and interpretation solutions, including GeoProbe software, training, consultation services for interpretation projects and large-screen immersive visualization centers. Magic Earth`s offices are located in Houston and Austin, Texas; and its Europe, Africa and Middle East subsidiary, Magic Earth Ltd., is based in London. For additional information about Magic Earth and GeoProbe, visit the company`s Web site at www.magicearth.com.

Halliburton Company, founded in 1919, is the world`s largest provider of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company`s World Wide Web site can be accessed at www.halliburton.com.

[lecraminhio]

@all

Kann mir mal einer sagen was mit Halliburton los ist? Gestern hörte ich noch auf n-tv das der Ceo es nicht versteht was mit dem Kurs passiert da es keine Gründe für solche Verluste gibt und heute wieder -16%. Also wenn es alles so ist wie gesagt dann müßte es ja heute ein sehr guter einstiegspunkt sein weil die Nasdaq in der nächsten Woche wieder konsolidieren wird und defensivere Werte gefragt sind. Was sagt ihr dazu?

Gruß Lecraminhio

[GENLOG]

Tja, ist echt nur noch krank was hier abgeht.

Ich verfolge täglich die Meinungen in den US-Boards.
Tatsache ist, keiner hat eine Erklärung für den Kurssturz.


Es gibt KEINE "Bad-News"

In den letzten Tagen hat es zwar alle Stocks die mit ÖL zu tun haben erwischt, (niedrigere Öl u. Gaspreise) aber das mit HAL ist extrem

Die 30Millionen$ Klage ist von der Versicherung gedeckt sagte die Pressesprecherin. Außerdem ist diese Summe für HAL nun wirklich nicht gerade bedrohlich. Geld haben die genug. Allein die letzten Aufträge sind gewaltig.

Auch Merrill Lynch sagte: Thinks very negative asbestos news already priced into stock
Das war am 13.12.01 Kurs 13,6 $

Der CEO kündigte auch einen Aktienrückkauf an.

HAL ist zur Zeit total unterbewertet. Diese Kurse sind einfach nur lächerlich und eine tolle Chance extrem günstige Anteile an HAL zu erwerben.

[GENLOG]

Tja, ist echt nur noch krank was hier abgeht.

Ich verfolge täglich die Meinungen in den US-Boards.
Tatsache ist, keiner hat eine Erklärung für den Kurssturz.


Es gibt KEINE "Bad-News"

In den letzten Tagen hat es zwar alle Stocks die mit ÖL zu tun haben erwischt, (niedrigere Öl u. Gaspreise) aber das mit HAL ist extrem

Die 30Millionen$ Klage ist von der Versicherung gedeckt sagte die Pressesprecherin. Außerdem ist diese Summe für HAL nun wirklich nicht gerade bedrohlich. Geld haben die genug. Allein die letzten Aufträge sind gewaltig.

Auch Merrill Lynch sagte: Thinks very negative asbestos news already priced into stock
Das war am 13.12.01 Kurs 13,6 $

Der CEO kündigte auch einen Aktienrückkauf an.

HAL ist zur Zeit total unterbewertet. Diese Kurse sind einfach nur lächerlich und eine tolle Chance extrem günstige Anteile zu erwerben.

[GENLOG]

Sorry für das Doppelposting. Das passiert aber öfter hier bei WO. ;-)

[GENLOG]

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
FALSCHE GERÜCHTE FÜHRTEN ZU KURSSTURZ

Halliburton verkündete heute, daß es keine Grundlage für die aufgetauchten Gerüchte, wonach HAL Konkurs angemeldet hat bzw. soetwas in Erwägung gezogen werden soll gibt.

HAL hat auch ein Gerücht gehört, wonach es ein neues Asbest-Urteil gegeben hat, daß von HAL nicht gemeldet wurde.

Dieses Gerücht ist auch UNBEGRÜNDET und FALSCH !

Es ist die Firmenpolitik von HAL, daß es nicht auf Gerüchte reagiert. - Eine Ausnahme ist in dieser Situation wegen der ernsten und falschen Natur dieser Gerüchte gemacht worden.



HALLIBURTON SAYS NO BASIS FOR RUMORS

DALLAS, Texas—Halliburton (NYSE:HAL) announced today that there is no basis to the spurious rumor that it has filed for bankruptcy or that such a filing is contemplated. The Company has also heard a rumor that there has been a new large asbestos jury verdict against it that has not been announced by the Company. That rumor is also unfounded. The Company conducts a vigorous defense of asbestos lawsuits and adverse verdicts will and do occur from time to time and will be promptly announced by the Company when they are materially adverse. It is the Company’s policy that it does not respond to rumors. An exception has been made in this situation because of the serious and spurious nature of these particular rumors.

http://www.halliburton.com/CORP/CORPNWS/CORPNWS_010402.asp


.

[Kostolany4]

Ich halte HAL für eine reizvolle Spekulation. Mit einer Chance auf
300% Kursgewinn in 1 Jahr. Im schlimmsten Fall ist der Einsatz weg,
was ich für unwahrscheinlich halte.

Buy on bad news ?

Letzter Kurs 10.22 - KGV=11 KUV=0.32

Diese Spekulation hat eine weitaus bessere Chance als die Zockerei mit Enron.

[lecraminhio]

@all

Was denkt ihr eigentlich wird passieren wenn die Märkte jetzt konsolidieren? Wird Halliburton dann mit runter gerissen oder könnten sie sich gegen den Markt behaupten da sie ja schon die Hälfte an Wert verloren haben ohne irgend welche Gründe

Gruß Lecraminhio

[Kostolany4]

@Le Sacramento
Ein Sonderfall wie Halliburton hat mit dem allgemeinen Markt wenig zu tun.
Es ist ein Alles-oder-nichts-Wert. Die gigantischen Umsätze deuten darauf
hin, daß Fonds ausgestiegen sind. Fonds wissen in der Regel etwas mehr.

Jeder muß nach dem Grad seiner Risikobereitschaft entscheiden, ob er eine
hohe Chance mit einem hohen Risiko eingehen will.

Ich finde das ein reizvolles Spiel und werde mit einem relativ kleinen
Einsatz "mitspielen". Ausschlaggebend ist für mich das gesunde Kerngeschäft
im Öldrillerbereich, wo Halliburton Marktführer ist.

Wie die Gerichtsverfahren ausgehen, das geht nach dem Motto: Auf hoher See
und vor Gericht bist du in Gottes Hand.

Hinzu kommt, daß es unter US-Richtern offenbar Blödkaffer weit unter der
Debilitätsgrenze gibt. Ich erinnere an Urteile, wo Busunternehmen verurteilt
wurden, weil die Businsassen nicht darauf hingewiesen wurden, daß man beim
Aussteigen aus einem Bus über eine Stufe hinuntersteigen muß.

[heidelbull]

@kostolany 4

momentan bin ich in der "glücklichen" situation über wenig
bares zu verfügen, sonst wäre ich schon längst eingestiegen.
halliburton fällt schneller als ein stein und das ende haben
wir meines erachtens noch längst nicht gesehen.
irgend etwas ist faul.
was denkst du wie sich der kurs in den kommenden wochen entwickeln wird.

gruss heidelbull

[Kurumba]

@heidelbull -sorry, bin leider nicht kostolany, aber ich werde hier einsteigen, bei DYn stehts doch auch wieder super, hast du die noch? am freitag ging es mit HAL trotz verlusten wieder aufwärts- ein paar $ kann man hier bestimmt gewinnen - grüss dich und weiterhin erfolg

[panzerhornschrexe]

Ob ich morgen wohl zu 11,50 reinkomme ????

[heidelbull]

hallo Kurumba

im anderen thread schreibe ich dir auch noch.

bei halliburton würde ich erst einmal abwarten, da sich der
kurs zu schnell in der letzten zeit nach unten bewegt hat.
weiterhin viel glück

gruss heidelbull

[lecraminhio]

@all

Es wurden an die 90 Millionen Aktien umgesetzt und der Kurs ist in den letzten Handelsstunden von -16% bis -6% gestiegen könnte das nicht ein positives Zeichen sein? Die Handelstage davor hat Halliburton immer auf tief geschlossen. Es sind sicherlich große raus bei dem Volumen aber irgend einer muß sie auch wieder gekauft haben und das waren sicherlich nicht alles Kleinanleger denke ich mal. Bin gespannt auf die nächste Woche.

Gruß Lecraminhio

[panzerhornschrexe]

Hab`s geschafft und bin für heute auch zufrieden.

Good Trades Panz

[GENLOG]

-

NEW YORK (CBS.MW) - A key index of major oil service company stocks gained Monday as traders continued to assess the oil market`s current weakness in drilling activity with an eye on an expected recovery later this year.

While the high prices of last winter combined with the economic slowdown and a warm winter have all served to dampen demand, the U.S. economy will recover and the recovery could begin this year, said James Wicklund of Banc of America Securities in a research note.

"A recovery in domestic drilling activity will drive earnings higher and stock prices up in advance of them," he said, noting that the recoveries typically last at least two years.

So "we would be aggressive buyers now of select oilfield services stocks," he said.

The Philadelphia Oil Service Index (OSX: news, chart, profile) closed up 0.6 percent at 85.05 Monday.

Shares of Halliburton (HAL: news, chart, profile) tacked on 81 cents, or 7.9 percent, to $11.03

-

[GENLOG]

LANDMARK OPENS NEW ANCHORAGE SUPPORT OFFICE

Customers now have access to local support

DALLAS, Texas—Landmark Graphics, Corp., a wholly owned business unit of Halliburton Company (NYSE: HAL), today announced that it has opened a new technical assistance support office in Anchorage, Alaska. The new office, located at 310 K Street, Suite 200, provides customers with access to Anchorage-based support professionals across Landmark’s major product lines.
Creation of this local support office fulfills the needs of our extensive customer base in Alaska and is another indication of Landmark’s commitment to providing a world-class global support network. The Anchorage technical assistance support office will be broadly integrated within the SSC/SCP Certified North American Support organization and further complemented by Landmark’s global SSC/SCP Certified support teams.

“Alaska is an exciting area where our customers continue to be in the forefront of applying real-time, advanced technologies to maximize reserves and production while decreasing lifting costs,” said John Gibson, president and CEO of Landmark. “Opening the Anchorage office allows us to work closer with and better serve our expanding client base in the Anchorage area.”

In addition to having access to local support resources, Anchorage customers will also have the benefit of engaging local Landmark professionals for consulting services, if required.

Al Escher, Landmark’s executive vice president, Operations, added, “The new support office we’ve opened in Anchorage is a clear indication of Landmark’s commitment to provide unparalleled service to its customers. We are looking forward to enhancing our relationships within the Anchorage oil and gas community.”


http://www.halliburton.com/LGC/LGCNWS/LGCNWS_010802.asp

[GENLOG]

-
McDonald Investments has chosen 12 stocks that the firm expects to be among the top performers in 2002. Available through the McDonald Investments annual Select Equity Trust, the stocks represent industry sectors that include health care, financial services, media and entertainment, and technology.

Among the top picks for 2002 are BJ`s Wholesale Club (NYSE: BJ), Estee Lauder Inc. (NYSE: EL), General Electric Company (NYSE: GE), JP Morgan Chase & Company (NYSE: JPM) and Oracle Corporation* (Nasdaq: ORCL). Also on the list are Cardinal Health Inc. (NYSE: CAH), Halliburton Company (NYSE: HAL), Lincoln National Corporation (NYSE: LNC), MBNA Corporation (NYSE: KRB), Quest Diagnostics (NYSE: DGX), Sanmina Corporation* (Nasdaq: SANM) and Viacom (NYSE: VIAB). General Electric and Viacom are repeat performers from McDonald Investments` 2001 list.

"With our stock selections, we concentrate on identifying leading companies with strong or improving balance sheets; solid track records of earnings increases, cash flow and dividends; and strong shareholder orientation," said John A. Caldwell, McDonald Investments` first vice president, director of portfolio strategies. "Additionally this year, we structured the list to participate in the U.S.-led economic recovery by selecting some smaller companies whose businesses are focused domestically."
-

[GENLOG]

-
Quartalszahlen am 23. Jänner
-

[Nasdaq100]

@ genlog,kommen die zahlen vor oder nach börsenschluss?

Bin auch investiert und denke das der faire kurs dieser firma viel höher wäre als der jetzige,ich denke da so an
15 dollar.

[panzerhornschrexe]

http://www3.consors.de/Apps/WebObjects/eMailVerteilerHTMLSer…

Gruß Panz

[panzerhornschrexe]

Das kann gerne so weitergehen !!!!!

[kays]

Unter finanznachrichten.de gibt es einen interessanten Zeitungsartikel vom 28.1. der sich mit den anhängigen Asbestklagen befasst. Leider ist das ein heisses Thema und hat schon so manchen bigplayer ins Wanken gebracht (Federal Mogul) , vielleicht erklärt das den Kursausschlag der letzten Tage nach unten.

[kays]

Unter finanznachrichten.de gibt es einen interessanten Zeitungsartikel vom 28.1. der sich mit den anhängigen Asbestklagen befasst. Leider ist das ein heisses Thema und hat schon so manchen bigplayer ins Wanken gebracht (Federal Mogul) , vielleicht erklärt das den Kursausschlag der letzten Tage nach unten.

[mr.lukoil]

@kail
Danke für den Hinweis. Erlaube mir einmal, den Artikel hier hereinzustellen. Zur Vereinfachung.
Denke die Risiken sind durchaus bekannt.Vor allem dürfte das ja auch mittlerweile im Kurs berücksichtigt sein!!! Der Kurs hat sich bis auf 10 usd gesechstelt!!!
Die Aktie hat zum halben Buchwert notiert. Das Unternehmen ist versichert und hat Rückstellungen gebildet.

Zum Rückgang der letzten Tage: Nach einem Anstieg von 40 % ist ein kleiner Rückschlag mehr als notwendig. Vor allem, wenn dabei auch noch gleitende Durchschnitte überwunden werden.



Halliburton Rejecting Asbestos Settlements
Courts: Company`s reversal of strategy opens it to a new round of lawsuits and investor jitters.


Times Headlines


Stocks Too Big a Bet to Reach Early Goals


Shopping Centers a Revolving Door


Global Crossing Rescue Attempt Will Test Winnick`s Acumen


Failures in Sector Expected to Ease


Toys R Us to Cut Jobs, Close 64 U.S. Stores


more >



By LISA GIRION, TIMES STAFF WRITER


Since Halliburton Co.`s stock plunged by more than a third last month in reaction to fears over its asbestos-related liabilities, the oilfield services giant has been busy doing damage control, assuring investors that it will maintain its aggressive stance on the lawsuits and that it is adequately insured.

Its latest effort, a conference call with investors Tuesday, sent share prices up last week; Halliburton closed Friday at $14.34 on the New York Stock Exchange, up 43% for the week.

But some analysts and plaintiffs` lawyers say they are not convinced that the company`s tough stance on injury and death claims will keep the lid on its liabilities. Moody`s Investors Service Inc. also chimed in, cutting Halliburton`s debt ratings two levels based on the risk of increased asbestos costs. A close look at Halliburton`s legal strategy shows that the company is engaged in a high-stakes game of chicken that illuminates Wall Street`s growing nervousness about asbestos liabilities facing hundreds of companies.

By canceling settlements negotiated by Harbison-Walker Refractories, with which Halliburton subsidiary Dresser Industries shares liability, Halliburton has opened itself to a wave of new litigation. Scores of previously settled cases have been refiled against Dresser, with the added charge of breach of contract, exposing the company to the risk of large jury awards.

At the same time, recent judgments totaling more than $130 million have significantly raised Halliburton`s profile among plaintiffs` lawyers.

Halliburton executives say the Dallas-based company settled 36,000 asbestos claims last year for slightly less than its average historic cost of $750 each, that insurers picked up all but $220, and that the management remained committed to fighting unreasonable settlement demands.

"We have got a strategy of being willing to take every single case to trial if we have to, but last year ended up in trials that concluded in verdicts in only 17," Chairman Dave Lesar said last week. "We settle, on average, 140 cases in a positive way every day. We don`t put a press release out every time that happens."

Although Halliburton wants investors to look at the company`s record, its unresolved claims, which totaled 274,000 at the end of last year and climb by several thousand each quarter, are causing jitters on Wall Street.

"The risk of asbestos litigation ballooning out of control remains substantial and the ultimate liability difficult to quantify," said A.G. Edwards & Sons Inc. analyst Poe Fratt. "High awards could increase the rate of new claims, increase the settlement demands of plaintiffs and increase the number of cases that are tried in courts where the outcomes are extremely difficult to predict."

Asbestos exposure doesn`t threaten Halliburton`s viability, USB Warburg analyst James Stone said. "But we do understand where the concern and the fear comes from, and we also understand the reluctance of investors to make a bet on an issue that is so difficult to game as asbestos."

A previously settled case refiled against Halliburton`s Dresser Industries illustrates the source of some of the market`s fears about liability among corporate America.

Trained as a mechanical engineer, Tom Hazen spent seven years in the 1960s working in industrial plants, including a steel mill in Fontana, where he believed he was exposed to asbestos. Hazen later earned an MBA and spent the next three decades as an executive with a medical devices company. But in May 2000, doctors diagnosed advanced mesothelioma, a fatal cancer of the lining of the chest cavity.

Hazen, then 58, sued several companies, alleging that they shared responsibility for exposing him to products that contained asbestos, that they knew the products were unsafe and that they failed to warn him. Those products included HW Castable 10, an industrial furnace cement made by Harbison.

Harbison and RHI, the Austrian holding company that now runs it, declined to comment on the case, as did Halliburton.

Plaintiffs` lawyers said Harbison had maintained a low-profile in asbestos litigation by settling such claims, as they did in Hazen`s case. Hazen got the settlement proposal while he was in a hospital, according to his wife and lawyer. He summoned a notary to his bedside and signed it, agreeing to drop his lawsuit in exchange for a payment he believed would help his wife survive financially.

"It was total relief for my husband that he was able to leave something behind for us, and he died 24 days later," Sandra Hazen said.

But the company failed to live up to its end of the deal, she said. In August, Sandra Hazen joined more than 100 other people suing Harbison to recover asbestos settlements totaling $16 million, an average of $147,000 per claim. Because Dresser Industries ran Harbison as a division from 1967 to 1992, they also sued Dresser.

"The question for Dresser Industries and its stockholders: Do they want to pay the $16 million or do they want to risk going to a Texas jury where we will seek not only that amount but the actual damages in each case and punitive damages?" said Roger Worthington, a lawyer representing Sandra Hazen and others.Last year, a deal broke down that would have had Harbison indemnifying Dresser against asbestos claims filed after 1992. Halliburton then took an active role in defending 125,000 suits that name both companies, Halliburton said. Those claims include as many as 2,500 in some stage of settlement.

In a similar case, Halliburton is appealing a Texas judge`s ruling that Dresser must pay a set of settlements Harbison made with 100 asbestos claimants that total $35.7 million, an average cost per claim of $357,000.

"We obviously think we have a right to a trial," said Cedric Burgher, Halliburton`s vice president for investor relations. "If we are going to enter into a settlement with anybody, we have a right to negotiate ourselves." Burgher also said Halliburton had not seen evidence of illness among the 100 plaintiffs.

The plaintiffs` lawyer said his clients are sick. "During the pendency of this appeal, I will guarantee you that some of my clients will die, never having gotten their compensation," said Glen W. Morgan.

Halliburton went to trial in 17 cases last year. The company persuaded judges to throw out 35 cases before trial. Of the 17 that went to trial, 11 ended with small or no judgments against Halliburton. Two resulted in judgments of less than $5 million, which Halliburton is appealing, along with the four market-shaking judgments previously reported by the company.

"We won most of those," Halliburton`s Lesar said. "So anyone who takes the large jury awards that we have under appeal and extrapolates them to the entire claim pool is just doing it wrong."

But the nature of Halliburton`s asbestos exposure changed when it took on the Harbison claims last year. Until then, most of Halliburton`s asbestos exposure was from the use of materials containing asbestos on projects run by its construction unit.

Juries tend to judge the manufacturers of asbestos products, such as Harbison, more harshly than companies that were users of asbestos-containing products, lawyers said. As such, the recent verdicts may be more relevant than Halliburton`s past experience. Plaintiffs` lawyers said they are not sure whether Halliburton is factoring that into their evaluation of claims, noting that cases got more difficult to settle after Halliburton stepped in.

Weitere Nachricht:

STOCKWATCH ABB surges as Halliburton says asbestos claims are under control

ABB Ltd shares surged in opening trading on the reassuring comments made by US company Halliburton Co`s over its faced asbestos claims, which are similar to those faced by ABB, traders said.

At 9.38 am ABB was 1 sfr or 6.3% higher at 16.9, while the SMI was 27.4 points higher at 6,363.5.

"ABB is clearly surging on the Halliburton effect. The Halliburton share closed 24% higher yesterday. It said its asbestos claims are under control," said a Darier Hentsch trader.

Hundred of asbestos claims had been filed against Halliburton, but only 17 accepted by the US courts and 11 out of these won by Halliburton, said Banque Bordier analyst Eric Chassot.

As ABB faces the same kind of claims, investors hope they will turn out to be much lower than expected, he said.

But ABB is nevertheless likely to hike its provisions against potential asbestos claims in its full year results, due Feb 13, Chassot said.

ABB declined to comment on the situation of its own asbestos claims.

© AFX News

[GENLOG]

HALLIBURTON’S A-/A2 CREDIT RATINGS REAFFIRMED BY STANDARD & POOR’S

DALLAS, Texas—Halliburton Company (NYSE:HAL) reported today that Standard & Poor’s reaffirmed the company’s long-term credit ratings at A- and its commercial paper rating at A2.

“Standard & Poor’s decision to maintain our ratings at these high investment grade levels reflects our leading global market position and our healthy balance sheet,” said Dave Lesar, chairman, president and CEO, Halliburton. “With considerable liquidity and strong cash flow, we have tremendous flexibility to execute our business plan and our strategy for sustained, long-term growth and profitability. I believe that the Standard & Poor’s rating supports this assertion.”


At the end of 2001, the company had approximately $2.8 billion in working capital and $290 million in cash. The company’s cash position today is about $600 million. Additionally, Halliburton has $700 million in undrawn, committed credit lines. Over the past year, Halliburton has reduced its total indebtedness from 40% of total capitalization, to approximately 24%.


Halliburton, founded in 1919, is one of the world`s largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company’s World Wide Web site can be accessed at http://www.halliburton.com.

[GENLOG]

Monday February 4, 7:55 am Eastern Time

Gasco Announces Strategic Relationship With Halliburton; 10-Well Uinta Basin Drilling Program Begins in February

DENVER, Feb. 4 /PRNewswire-FirstCall/ -- Gasco Energy, Inc. (OTC Bulletin Board: GASE - news) announced the signing of a strategic relationship with Halliburton Energy Services, a business segment of Halliburton Company (NYSE: HAL - news). The agreement encompasses a 10-well pilot program over a period of three years, whichever occurs first, and is part of Gasco`s Riverbend Project in the Uinta Basin of northeast Utah. Upon completion of the initial 10 wells, Halliburton has the option to extend the agreement on the same basis for an additional 10 wells during the contract period. The agreement with Halliburton represents a portion of Gasco`s drilling activities on its Uinta Basin properties.

Mark Erickson, Gasco President and CEO, said, ``This is great news. Halliburton`s Integrated Solutions Group will team with Gasco engineers on field development planning and solutions integration. A joint technical team brings together Halliburton`s best-of-class completion experience and Gasco`s substantial exploitation expertise. The structure of this agreement ensures that Halliburton and Gasco are equally motivated to achieve maximum success on each of the wells. The first development well under this agreement, the Federal 23-29 #1, is expected to begin drilling in early February.``

The Uinta Basin is known to hold a significant amount of recoverable natural gas resources and has recently seen a substantial increase in drilling and production activity. More than 98 Mesaverde wells have been drilled and completed in the Uinta Basin during the past two years, with only one dry hole.

[GENLOG]

FOR IMMEDIATE RELEASE: February 6, 2002

LANDMARK AND VOLUMETRIX SIGN WORLDWIDE RESELLER AGEEMENT

GeoGraphix to deliver PC-based reservoir modeling application for building and visualizing full-field reservoir model

DALLAS, Texas—Landmark Graphics Corporation, a wholly owned business unit of Halliburton Company (NYSE: HAL), today announced the signing of a reseller agreement with VoluMetrix, a provider of innovative WindowsTM-based reservoir model building software. This worldwide distribution agreement gives Landmark`s GeoGraphix operation the rights to market and resell VoluMetrix` FastTracker application.
The FastTracker product is designed to build and visualize a full-field reservoir model. FastTracker keeps that model current through a unique self-documenting UpdateAbility system, so that the latest and best earth model information is always at the user`s fingertips. Months of model updating work can now be completed in a matter of days. Most importantly, FastTracker extends the geophysical and geological workflow of GeoGraphix` Discovery solutions suite downstream to 3-D reservoir modeling and visualization upscaling (for eventual export to flow simulation).

"Adding FastTracker to the GeoGraphix Discovery solution is a clear indication of Landmark`s commitment to leading the PC revolution in the E&P marketplace," said John Gibson, president and CEO of Landmark. "The availability of FastTracker as part of Discovery allows our customers to integrate workflows from prospect generation to reservoir modeling on their Windows-based desktop."

FastTracker, an interactive, dynamic system, provides geoscientists and engineers with the ability to assemble relevant geologic, logging and seismic information to build 3-D models based on a reservoir`s lithological and physical properties so that they may be exported to a flow simulator. GeoGraphix Discovery is one of the most widely used Windows-based interpretation platforms, and FastTracker can be easily added to an exploration and development desktop, creating a complete system for integrated interpretation and reservoir characterization.

"Our agreement with Landmark`s GeoGraphix operation makes for a natural partnership," said David Cram, managing director of VoluMetrix. "Combining FastTracker with GeoGraphix` Discovery will offer the industry an unmatched comprehensive interpretation and modeling system."

Rick Slack, vice president of GeoGraphix, added, "Both organizations are leaders in bringing sophisticated geoscience to the Windows desktop. By integrating our G&G interpretation tools and the Fast Tracker modeling capabilities, we take one more giant step in leading the Windows desktop interpretation marketplace."

VoluMetrix is a UK-based company specializing in software development of reservoir modeling and visualization technology. For additional information, visit the Web site at www.volumetrix.com.

Landmark`s GeoGraphix operation delivers the leading integrated geophysical, geological and petrophysical software solutions for the Microsoft Windows desktop. For more information, visit the GeoGraphix Web site at http://www.geographix.com.

Landmark is the leading supplier of software and services for the upstream oil and gas industry. The company`s software solutions span exploration, production, drilling, business decision analysis and data management. Landmark offers a broad range of consulting services that enable customers to optimize their technical, business and decision processes. Visit the Landmark Web site at www.lgc.com.

Halliburton Company, founded in 1919, is one of the world`s leading providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company`s World Wide Web site can be accessed at www.halliburton.com.

[GENLOG]

-
Sibneft Signs Oil Fields Service Agreement with Halliburton

By Eduard Gismatullin


Moscow, Feb. 7 (Bloomberg) -- OAO Sibneft signed an agreement with Halliburton Co., the second-biggest oil services provider, to service Russia`s No. 6 oil producer`s fields in Siberia to help the company to boost output 27 percent this year.

Sibneft plans to extract 26.1 million tons (516,000 barrels a day) this year up from 20.7 million tons last year, a 17 percent gain from 17.2 million tons in 2000. Halliburton will start work in the spring.

``Sibneft intends to use Halliburton`s new technologies to improve reservoir management, raise production from its existing well stock and carry out`` the repair of idle wells, Sibneft and Halliburton said in a joint statement.

The world`s second-largest crude supplier`s top producers, like AO Yukos Oil Co. or OAO Tyumen Oil Co., are asking for services and new technologies from expert companies to boost output at less cost.

Halliburton and Schlumberger Ltd. already won orders from Russia in recent years, while the biggest electrical-engineering company, ABB Ltd., has won several contracts to upgrade Russian refineries.

In July, Sibneft signed a 30 million-euro ($26 million) contract for a unit of Germany`s Preussag AG to drill horizontal wells in West Siberia. The Russian company agreed to pay U.S.-based Pride International Inc. $60 million to drill eight such wells at a different Siberian field in May.
.

[GENLOG]

-
FRIDAY, FEBRUARY 08, 2002 9:40 AM
- PRNewswire

Halliburton Subsea to Bring High Specification Deepwater Field Support Vessel Subsea Viking to Gulf of Mexico

DALLAS, Feb 8, 2002 /PRNewswire-FirstCall via COMTEX/ -- Halliburton Subsea, a business unit of Halliburton`s (HAL) Energy Services Group, announces it is deploying its ultra modern multi-purpose support vessel, MSV Subsea Viking , to the Gulf of Mexico on a long term basis. The vessel, which arrived in US waters in early February 2002, will be available for a wide variety of field development and maintenance tasks including, flexible flowline and umbilical lay, manifold and template installation, remotely operating vehicle (ROV) and survey work and other subsea intervention operations.

This 340-foot-long vessel is particularly suitable for supporting deepwater operations. Key features include a 100-ton heave compensated crane, a 1200-ton capacity below deck carousel, twin 10,000-foot rated Work Class ROV systems and 12,400-square-feet of available working deck area.

With over 10,000-kilowatts of diesel electric power available and an International Maritime Organization/Norwegian Maritime Directorate (IMO/NMD) Class 3 Dynamic Positioning system the vessel will be capable of operating safely in close proximity to structures and with a very wide weather capability.

"Halliburton Subsea is very pleased to announce this vessel deployment," commented Edgar Ortiz, president of Halliburton`s Energy Services Group. "This demonstrates our further commitment to expansion within the Gulf of Mexico market place. Building on the award of the Nakika and Manatee projects for Shell this move will help position Halliburton Subsea to capture future deepwater construction opportunities in the US Gulf."

-