Thursday, 30 November 2006
Halliburton, the largest energy services company in the US and a key LNG contractor, will release details in the next couple of weeks about the future of its KBR business.
The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.
Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.
The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.
Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.
| Subscriber content | ||
 This content is available only to subscribers please log in below or subscribe now / request a free trial |
||
|
|
||
font size
Published in
Feb 06
Latest from
- Dual-enhanced tubes prove durable and stable performers for LNG processing
- FLNG technical challenges addressed as Shell reveals game plan for stranded gas
- Availability model of an LNG import plan in the function of the send-out demand
- Floating LNG study focuses on best of the processes available for offshore use
- Technip and Total develop adjustment method for heating value to suit FLNG