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In 1919, Halliburton Company was founded by Erle Palmer Halliburton. Although Halliburton Co. did not produce asbestos products, it did acquire several asbestos companies. Halliburton Company has experienced asbestos litigation issues stemming from the companies they’ve acquired. As a result, the company filed for bankruptcy in 2003 and formed an asbestos trust to compensate victims diagnosed with mesothelioma and other asbestos diseases.


01.石棉使用历史

Halliburton Company的石棉使用历史

Quick Facts
  • Years in Operation:1919年至今
  • Location:Houston, Texas
  • Production:Oil-related industrial equipment
  • Asbestos Trust:是的

埃尔·哈里伯顿(Erle Halliburton)从珀金斯石油井固结公司开火后,开始了他的公司。据称,哈利伯顿(Halliburton)因他对珀金斯公司如何改善的众多建议而被放开。利用他在海军服役的时间和在珀金斯短暂的时间里获得的技能,他着手改变石油行业。

He moved fromCalifornia德克萨斯州将他的想法介绍给石油行业。不幸的是,得克萨斯州没有留下深刻的印象。哈里伯顿(Halliburton)毫不动摇,移至Oklahoma并按下。

但是,哈里伯顿公司从未使用过石棉,但是由于子公司对纤维的使用,它面临成千上万的石棉诉讼。

In Oklahoma, Halliburton Company was a quick success. By 1932, the company had four branches and 75 crews and offered services in seven states. As oil continued to gain popularity in the United States, and across the world, the Halliburton Company prospered. The company’s large profit margin led them to acquire many companies, including Brown & Root Inc. in 1962 and Dresser Industries Inc. in 1998.

这两项收购对哈里伯顿来说是有问题的。尽管Halliburton Company没有使用石棉自己,Brown&Root Inc.和Dresser Industries在他们的产品中使用石棉, leading to asbestos cases. Through the Dresser acquisition alone, Halliburton inherited 300,000 asbestos claims. These claims and the related litigation costs led the company to file for bankruptcy in December 2003.

02.石棉产品

Halliburton Company石棉产品

Halliburton Company’s asbestos products are the result of their acquisitions of Brown & Root Inc. and Dresser Industries. The companies are now known as DII Industries, LLC and Kellogg Brown & Root.

The Halliburton subsidiaries used asbestos in their products to increase resistance to heat and fire and increase durability and insulation properties. For example, Dresser and its acquisition,Harbison-Walker, 用过的asbestos in their bricks and pipe coatings。Harbison-Walker从1900年代到1970年代生产了含石棉的产品。据称,这些公司意识到石棉的危险,但继续将其生产中的添加剂用作节省成本的措施。

Halliburton Company Products Containing Asbestos Include:

  • Worthington Horizontal Single Air and Steam Heating Vacuum “AE” and “AF” Pumps
  • Worthington Monobloc Centrifugal Pump and “DE” Monobloc Pump
  • Worthington Split Case Centrifugal Horizontal Single Stage Volute Pump Types “R”, “L” and “U”
  • 沃辛顿水平双面活塞图案蒸汽泵“ VA”和“ VC”泵
  • 沃辛顿通用“ CF”型号泵
  • Dresser Pumps
  • Ingersoll-Dresser Pumps
  • 太平洋蒸汽涡轮机(用于乘客船)

Compressors

  • Clark Compressors
  • Roots Compressors
  • Worthington Compressors
  • 梳妆台阵线压缩机
  • Leroi压缩机

Turbines

  • 摩尔涡轮机
  • Worthington Turbines
  • 沃辛顿 - 摩尔涡轮机
  • Dresser-Rand Steam Turbines

钻泥

  • IMCO Drilling Mud Styles: – Best, Diaseal M, Flosal, Shurlift, Super Best, Super Visbestos, Univis, Visbestos
  • Magcobar/Dresser Drilling Mud Styles: – Diaseal M, Flosal, Olifaze, Visbestos, Visquick
  • Baroid钻孔泥浆样式: - Flosal,Diaseal M,Visbestos,Super Visbestos

Miscellaneous Products

  • Alco Locomotives
  • Bay State Abrasive Products
  • Kellogg Brown&Root
  • Mason Standard Reducing Valves
  • Mid-Valley

Asbestos-containing products produced by Halliburton Company and its subsidiaries were used throughout the oil industry, but also could be found on ships, locomotives and for other uses.

03. Occupational Exposure

Halliburton Company and Occupational Exposure

Halliburton Company石棉产品在许多行业中广泛使用。那些经历了长期石棉的重复的人,例如某些人jobsites,最有发展的风险石棉相关疾病Occupational asbestos exposure是最常见的原因万博专业版and other diseases and continues to impact many former Halliburton Co. employees.

In addition to Halliburton Company employees, anyone who came in contact with its asbestos products through work may have been exposed, including shipyard workers and train workers.

受哈利伯顿公司的石棉使用影响的职业
04. Asbestos Litigation

石棉针对哈里伯顿公司

2001年,哈利伯顿石棉在得克萨斯州,密西西比州和马里兰州的判决总计超过1.5亿美元。

哈利伯顿公司的石棉诉讼始于1970年代,但在2000年代初达到了沸点。首先asbestos lawsuitwas filed against the company in 1976 and was the beginning of decades of asbestos-related costs. Between 1976 and the early 2000s, Halliburton was named in more than 474,000asbestos claims。The company has reported paying $900 million in asbestos settlements between 2002 and 2004.

除了与asbestos victim compensation, the Halliburton Company faced a drastic drop in stock prices as a result of the asbestos claims. In 2001, Halliburton stock dropped more than 40% in just one day. This loss in revenue, coupled with the vast amounts paid to compensate victims, was problematic. In 2003, the company filed for bankruptcy. Between 2002 and 2005, when their bankruptcy was approved, their asbestos costs were more than $3 billion.

05. Asbestos Trust Fund

哈里伯顿公司石棉信托基金

The current payment percentage for successful claims is 60%.

A $5.1 billionasbestos trust fund成立的哈里伯顿公司的破产吗。These funds were the culmination of almost 60 million company shares and $2.8 billion in cash.

Trust,DII Industries,LLC石棉PI Trust于2005年1月20日成立,并于当时开始接受索赔。为了保护未来石棉索赔人的权利,根据设定的付款百分比进行了对信托的所有成功索赔。但是,此基本支付百分比可能受到许多因素的影响,包括但不限于年龄,暴露,类型和公司和解历史记录。这些因素可能会导致某些索赔人的付款金额更高。

The trust is operational and still accepting claims today.

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