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The Halliburton Company, the oil services company, said yesterday that it would take a $815 million charge in the second quarter as a result of setbacks on a deepwater oil project in Brazil and lower-than-expected asbestos insurance recoveries.
[C3.] Halliburton Taking a Charge Halliburton said that it would take charges totaling $815 million in the second quarter as a result of setbacks on a deepwater oil project in Brazil and lower-than-expected asbestos insurance recoveries.
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Craig Wright, chief economist at the Royal Bank of Canada in Toronto, estimated that, as a result of the setbacks, growth in the second quarter slowed to an annual rate of less than 1percentt, adjusted for inflation.
Largely as a result of such setbacks, Iran's oil ministry is unlikely to hit its targets of raising oil-production capacity by 35% by 2015 and launching exports of liquefied natural gas, concludes a recent report by Nomura, a Japanese stockbroker.
Some analysts reckon that Mercedes could make a loss in 2005, its first for 12 years, as a result of these setbacks, putting a drag on the improvements made by Chrysler.Detroit's big carmakers have rebounded from unenviable positions in the past.
As a result of these setbacks, the Gospić Corps ended the day short of the objectives it had been given.
The Pakistani army's desperate desire to have some control over future events in Afghanistan is partly due to its strategic aim of avoiding encirclement by India; but it is also a result of the setbacks it has received since 2001.
The root cause of the crash is not yet known, but as a result of this setback the chances of commercial space flight this decade have receded significantly.
Bidding has re-opened on the Scottish Premierleague championship as a result of a setback for Celtic that allows Rangers the opportunity against Aberdeen at Pittodrie today to reduce the deficit at the top to two points.
As a result of the setback for tech stocks, financial and cyclical stocks could gain ground, Camili predicts.
In a statement, the company said, "A transplant was considered the preferred treatment and was not the result of a setback in his recovery".
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