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)

                                  JUNE 16, 1999

                               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. 75-2677995

                               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 June 16, 1999 registrant issued a press release entitled Consortium Led by Halliburton's Brown & Root Services is Preferred Bidder for Australia's Alice Springs-to-Darwin Railway Project pertaining, among other things, to an announcement that registrant's Brown & Root Services business unit has been selected as the sole preferred bidder to negotiate a US $782.4 million contract to design, build, finance and operate a railway linking Alice Springs in central Australia to the northern port city of Darwin. 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 June 16, 1999. Page 2 of 6 Pages The Exhibit Index Appears on Page 4

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: June 29, 1999 By: /s/ Guy T. Marcus ------------------------------------- Guy T. Marcus Vice President - Investor Relations Page 3 of 6 Pages The Exhibit Index Appears on Page 4

EXHIBIT INDEX Exhibit Sequentially Number Description Numbered Page 20 Press Release of 5 of 6 June 16, 1999 Incorporated by Reference Page 4 of 6 Pages The Exhibit Index Appears on Page 4

FOR IMMEDIATE RELEASE               CONTACT: Wendy Hall Nantz
(June 16, 1999)                              Public Relations
                                             Halliburton Company
                                             (713) 676-5227


Asia  Pacific  Transport  Consortium  will  work  with the  AustralAsia  Railway
Corporation to advance rail project of national significance for Australia

DALLAS,  Texas - The  Asia Pacific  Transport Consortium,  led by  Brown &  Root
Services  (BRS),  a business unit of Halliburton  Company (NYSE:  HAL), has been
selected as the sole preferred bidder to negotiate a contract to design,  build,
finance,  and operate (DBFO) a US $782.4 million (A$1.2  billion)  railway.  The
railway will link Alice  Springs in central  Australia to the northern port city
of Darwin.

         The Asia Pacific Transport Consortium comprises
o Brown & Root Services - which provides world class expertise  through its Asia
Pacific subsidiary, Kinhill;
o Barclay Mowlem, John Holland  and Macmahon - three  of Australia's  best known
names in  civil engineering  and  construction,  with  extensive  experience  in
earthworks and railway construction;
o Genesee & Wyoming - a leading US-based rail operator with extensive experience
in operating and maintaining regional railways.

         In addition to these  members,  the  consortium  has the support of PGA
Logistics  -  one  of  Australia's  foremost  logistics  and  material  handling
companies,  providing freight management and stevedoring services; and Hutchison
Port Holdings, an international port operator with significant  South-East Asian
and international experience and extensive shipping interests in Asia.

          "We are honored to have the  opportunity  to be part of this  exciting
and significant Australian  infrastructure project," said Dave Lesar, president,
Halliburton Company. "The establishment of a freight land bridge to Asia through
the center of  Australia  has the  potential to change the shape of the national
economy through the creation of new trade  opportunities,  industries,  jobs and

         The  contract  is to  design,  build,  finance,  operate  and  maintain
approximately  1,420 km of rail track  through some of  Australia's  most remote
areas, linking the national railway network to the new East Arm Port in Darwin.

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"The project's scale and complexity make it an ideal strategic fit with Brown & Root's strengths in the provision of total life-cycle services," said Randy Harl, president, Brown & Root Services. "We look forward to working with our consortium partners, the rail corporation, government and the financial community to realize this world class project of longstanding national interest." The competition for the project narrowed from nearly 30 groups, which had expressed interest to three short-listed consortia. Selection as the preferred bidder puts the Asia Pacific Transport Consortium in the exclusive position to work with the AustralAsia Railway Corporation, Government shareholders, financiers and customers to finalize arrangements for the project to proceed. The Consortium's objective is to commence construction in 2000, with the first train operating in 2003. Trains will operate daily. A weekly link shipping service will commence in 2003, increasing to daily frequency by 2030. The Consortium will offer rail customers access to an integrated logistics chain through a unique `one invoice' freight transport service. Some 7,000 direct and indirect jobs are expected to be created throughout the construction and operation phases. Brown & Root Services, a 20,000 employee global company, operates in the Americas, UK, Europe, Africa and Asia-Pacific. Brown & Root Services specializes in comprehensive facilities engineering, design, development, construction, logistics, operations and maintenance. This work is performed for private sector and government clients in simultaneous multiple domestic and international locations. Halliburton Company is the world's leading diversified energy services, engineering, energy equipment, construction and maintenance companies. Founded in 1919, Halliburton provides a broad range of energy services and products, industrial and marine engineering and construction services. In 1998, Halliburton's consolidated revenues were $17.4 billion and it conducted business with a workforce of approximately 100,000 in more than 130 countries. The company's World Wide Web site can be accessed at ### Page 6 of 6 Pages The Exhibit Index Appears on Page 4