Category: Oil field services

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 »

Baker Hughes hires new CFO from cosmetics maker Avon

Houston oil field services company Baker Hughes is hiring the chief financial officer of cosmetics maker and retailer Avon Products to oversee its finances, it said Tuesday.  More »

Anti-fracking billboards in Ohio coming down

An Ohio man who uses a biblical reference and a statement against “poisoned waters” in billboards opposing the disposal of gas-drilling wastewater says the messages will come down Tuesday.  More »

More Texans working for oil and gas companies

The 302,700 workers estimated to work for services and exploration and production companies marked the first time employment in the industry has exceeded 300,000 since his Texas Petro Index began tracking the numbers in 1995, said its developer, economist Karr Ingham.  More »

Water resources a problem for energy extraction worldwide, report finds

According to the analysis by the World Resources Institute, 38 percent of the earth’s shale gas and tight oil resources are in areas that are either arid or under high levels of water stress already _ a scenario that does not mesh with the high water demands of today’s extraction techniques.  More »

Colorado finds itself an earthquake lab amid gas boom

In an area peppered with wells pulling energy resources from below ground — and many pumping wastewater from the process back into it through injection wells — an old question resurfaced: Could the same geological tinkering that has revved a formidable economic engine also trigger potentially damaging earthquakes?  More »

Study finds more arsenic in north Texas water wells near drilling

In the study, University of Texas at Arlington biochemists measured 100 wells across the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S., and compared the results to a similar study undertaken before hydraulic fracturing technology and higher natural gas prices opened the area to drilling.  More »

Illinois state agency issues fracturing rules

he lengthy report follows months of delays and complaints over the process to draft rules governing hydraulic fracturing, or fracking, in Illinois. Industry officials say southern Illinois has rich deposits of natural gas, but a final draft of the rules — initially touted as a national model of both sides working together — has taken months for the agency to produce as industry groups warned the state was losing business.  More »
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