SECURITIES AND EXCHANGE COMMISSION

                       Washington, D.C. 20549



                              FORM 8-K

                           CURRENT REPORT

               PURSUANT TO SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

          DATE OF REPORT (date of earliest event reported)

                         FEBRUARY 15, 1995

                        Halliburton Company
       (Exact name of registrant as specified in its charter)

State or other                Commission          IRS
Employer
jurisdiction             File Number         Identification
of incorporation                                  Number

Delaware                    1-3492                No. 73-
0271280

                         3600 Lincoln Plaza
                       500 North Akard Street
                      Dallas, Texas 75201-3391
              (Address of principal executive offices)

                  Registrant's telephone  number,
                 including area code - 214/978-2600







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             INFORMATION TO BE INCLUDED IN REPORT

Item 5.   Other Events

     The registrant may, at its option, report under this item
any events, with respect to which information is not otherwise
called for by this form, that the registrant deems of
importance to security holders.

     On February 15, 1995, the registrant issued a press
release entitled Halliburton and McDermott Conclude Formation
of Scottish Joint Venture pertaining, among other things, to an
announcement that registrant's Brown & Root Energy Services
business unit and McDermott Scotland, Ltd. have completed the
formation of a new equally owned company which will operate
their North Sea fabrication yards in the Highland Region of
Scotland.

     The foregoing summary is subject to the full text of the
press release with respect thereto, a copy of which is attached
hereto as Exhibit 20, which exhibit is incorporated herein by
reference.

Item 7.   Financial Statements and Exhibits

     List below the financial statements, pro forma financial
information and exhibits, if any, filed as part of this report.

     (c)  Exhibits.

          Exhibit 20 - Press release dated February 15, 1995
















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                          SIGNATURES

     Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.

                              HALLIBURTON COMPANY




Date:     February 15, 1995             By: _______________________
                                   Robert M. Kennedy
                                   Vice President-Legal




























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                        EXHIBIT INDEX



Exhibit                                 Sequentially
Number              Description              Numbered Page

    20              Press Release of
                    February 15, 1995             5 of 6
                    Incorporated by Reference
































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 5
FOR IMMEDIATE RELEASE         Contact - Guy T. Marcus
February 15, 1995             Vice President-Inv. Rel.
                              (214) 978-2691

                HALLIBURTON AND McDERMOTT CONCLUDE
                FORMATION OF SCOTTISH JOINT VENTURE

     DALLAS, Texas -- Halliburton Company (NYSE-HAL) and J. Ray
McDermott (NYSE-JRM) announced today that Halliburton's Brown &
Root Energy Services business unit and McDermott Scotland, Ltd.
have completed the formation of a new equally owned company which
will operate their North Sea fabrication yards in the Highland
Region of Scotland.

     The new company merges Brown & Root's fabrication yard at
Nigg with McDermott's yard at Ardersier to form Brown & Root
McDermott Fabricators Limited.  The company, which is effective
from January 31, 1995, will work with either owner for turnkey
and large topside projects.

     Brown & Root McDermott Fabricators Limited will create
economies of scale in an industry segment in need of
rationalization, as well as give the owners the capability of
providing a fully integrated range of construction services for
the North Sea.  The owners anticipate that the two yards will
become more competitive, which should lead to increased business
and job opportunities in the future.

 6
     More than 1,000 people are employed at Nigg and about 600 at
Ardersier on current contracts.  Brown & Root McDermott
Fabricators will complete these projects and seek new business
opportunities.

     J. Ray McDermott is a worldwide marine construction company.

Its services include design, fabrication, transportation, and
installation of new and refurbished offshore platforms,
installation of offshore pipelines, and design and installation
of subsea production facilities for the offshore oil and gas
industry.  McDermott International Inc. (NYSE-MDR) owns a
majority interest in J. Ray McDermott.

     Brown & Root Energy Services is an operating unit of Brown &
Root, Inc., a Halliburton Company.  Brown & Root Energy Services
provides oil and gas services worldwide including engineering,
project management, fabrication, pipelay, subsea, logistics,
maintenance and operations activities.

     Halliburton Company is one of the world's largest
diversified energy services, engineering, maintenance, and
construction companies.  Founded in 1919, Halliburton provides a
broad range of energy services and products, industrial and
marine engineering and construction services, and property and
casualty insurance services.