Sunday, March 11, 2007

Halliburton moves to Dubai....

From dpa German Press Agency via Raw Story:

US oil services giant Halliburton plans switch to Dubai
dpa German Press Agency
Published: Sunday March 11, 2007

Manama- The Houston, Texas-based multinational oilfield services Halliburton Energy Services plans to move its cooperate office to Dubai, it was revealed Sunday. Halliburtons chairman, president, and chief executive officerDavid J. Lesar revealed the plans in Manama on the sidelines of the opening of the 15th Society of Petroleum Engineers Middle East Oil &Gas Show and Conference (MEOS 2007).

Lesar said the move would help the company focus on the MiddleEast, as he would lead efforts to increase Halliburton business in the Eastern Hemisphere."The Middle east would be the seat of our operations," said Lesar."As we invest more heavily in our Eastern Hemisphere presence, we will continue to build upon our leading position in the North American gas-focused market through our excellent mix of technology, reservoir knowledge and an experienced workforce." He said the opening of a headquarters in Dubai was the next step in a strategic plan announced in 2006 to focus on expanding Halliburton customer relations with national oil companies.

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