Tag: KBR

KBR’s CEO to retire

KBR CEO William Utt will retire next year, the company announced Monday.  More »

KBR profits drop 67 percent

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 »

Ex-KBR official gets 30 months in prison

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.  More »

Japanese firm to pay $54.6M over bribery charges

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.  More »

KBR revenue falls, but profits rise on one-time tax benefit

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 »

KBR earnings fall on military services contract

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 »

U.K. Lawyer Pleads Guilty in KBR bribery scheme

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.  More »

British lawyer to plead guilty in bribery case

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 »

KBR pays $292 million for unit of Elgin National Industries

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.  More »

Halliburton to pay $35 million to settle Nigeria charges

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.  More »

Catch & release: Nigeria questions 10 Halliburton workers about bribes

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 »