Author: Joshua Mann

The Covid-19 pandemic has pulled anticipated future spending declines along Houston’s ports into the present, resulting in several projects being put on hold.

The company has faced pressure from the Covid-19 pandemic — pressure that its PPP loan apparently could not alleviate.

Dave Lesar left his post at Halliburton because of a mandatory retirement age rule, but he says he’s still got more business left in him.

The company is eyeing expansion projects worth hundreds of millions of dollars, the CEO said.

“This is the most economic production in Western Canada, possibly all of Canada.”

The company is looking to build a new ammonia plant near Texas City.

The company is planning to file for bankruptcy protection even if it can’t work out a prearranged deal with its creditors.

The company laid off more than 100 employees from its headquarters in Houston.

The company used proceeds from a $900 million issuance of new debt to pay off old debt due in 2021.

The company is bringing hundreds of millions of dollars in debt to the court, a substantial portion of which will be exchanged for equity ownership over the reorganized entity after it emerges from bankruptcy.