KBR reported a 67 percent plunge in fourth-quarter earnings, capping what Chief Executive Officer Bill Utt called “a disappointing year” for the Houston-based company. More »
A former KBR chief executive who oversaw a massive bribery scheme to induce Nigerian officials to award $6 billion in refinery contracts was sentenced Thursday to a 30-month prison term.
A Japanese company that helped a former Halliburton Co. subsidiary bribe Nigerian officials to win more than $6 billion in construction contracts has pleaded guilty to federal charges, the Justice Department says.
Income from oil and gas jobs and for international government and defense work rose in the third quarter for the Houston-based engineering and construction company. More »
Second-quarter earnings for the engineering company fell 6 percent to $100 million, fueled largely by fewer fees awarded under the LogCAP government contract. More »
Tesler, who was indicted in Houston in February 2009 on 11 counts related to the U.S. anti-bribery law, pleaded guilty to one count of conspiracy and one count of violation of FCPA.
A British lawyer who had been fighting extradition to the U.S. on charges he helped a former Halliburton Co. subsidiary bribe Nigerian officials will plead guilty, his attorney said today. More »
Under the deal, KBR agreed to pay $280 million, plus working capital of $12 million, for a company it says will expand its services across several commodity markets.
Under the deal, all charges and lawsuits against KBR, Halliburton and company officials will be dropped, and Nigerian officials have agreed not to pursue any further claims or charges related to allegations of bribery tied to a natural gas project in the African nation.
Office raid and arrest part of ongoing bribery investigation that Halliburton, KBR settled with U.S. officials last year. (Photo: Johnny Hanson/Houston Chronicle) More »