Category: Oil field services

NOV shares tumble on $3B buyback plan

The oil field equipment maker’s cash back to investors may signal that its pool of buyout targets is running dry.  More »

Eagle Ford continues to gush despite rapid well declines

Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday.  More »

Gas drillers draw less water, but concerns linger

The gas drilling industry in Pennsylvania is recycling more and more water and one river basin commission now reports drillers there are drawing less freshwater than in the past.  More »

Lawsuit: Siemens $6.5B price for Dresser-Rand too low

A shareholder of Dresser-Rand Group says in a lawsuit the Houston compressor and turbine maker is worth more than the $6.5 billion that Siemens AG is planning to pay for it.  More »

Here’s “The Way Ahead” for your oil & gas career

I was just starting out my career at the time, and it was truly as if everything I was thinking at the time was captured exactly in the pages of that first issue I received.  More »

Siemens CEO: Dresser-Rand deal provides connection to oil epicenter

Siemens AG’s $7.6 billion deal to buy Houston’s Dresser-Rand Group is about more than collecting gas turbines and super-sonic engines: It’s about getting access to Houston, the epicenter of executive power in U.S. oil and gas, the German conglomerate’s chief executive said Monday.  More »

Siemens cuts multibillion dollar deal for Dresser-Rand

Investors in Dresser-Rand will get $83 a share on the deal. The company’s share price on Friday closed up $6.88 to $79.91 on the New York Stock Exchange. In a recent regulatory filing, Dresser-Rand said it had about $1.15 billion in debt. That would make the cash purchase price worth nearly $6.5 billion.  More »

Russian oligarch owns big stakes in Dresser-Rand, potential Swiss buyer

Dresser-Rand Group and its potential Swiss industrial buyer have at least one thing in common: An ultra-rich Russian metallurgy and energy tycoon with ties to Moscow.  More »

Dresser-Rand talking to possible buyers

Dresser-Rand Group is in merger talks with at least one foreign industrial company, a potential suitor has confirmed, as talk that the Houston oil field equipment maker may sell pump its stock price.  More »

Exxon kicks off operations at $2.6 billion Malaysian EOR Project

Exxon Mobil Corp. and its Malaysian partner Petronas have kicked off the first operations at a massive enhanced oil recovery project about 200 kilometers offshore of Peninsular Malaysia.  More »

Cameron taps OneSubsea CEO for top lieutenant role

Houston oil field equipment maker Cameron International said Thursday it has bumped executive Scott Rowe up to the role of president and chief operating officer, the top lieutenant for CEO Jack Moore.  More »

Job negotiations: If you feel you’re getting a raw deal, you probably are

One of the best parts about writing this column has been hearing from readers around the world, and this week I’ll share one such exchange to illustrate how a “good” negotiation should go.  More »
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