The new time table is scheduled to complete the Exterran reorganization by the end of 2015. Exterran Holdings will spin off its fabrication and international compression businesses — about 7,000 of its total 10,000 workers — into a new company named Exterran Corp. that would trade under the “EXTN” stock symbol in the New York Stock Exchange.
Watson has been a vocal proponent for lifting the ban, joining a chorus of oil executives – including ConocoPhillips’ Ryan Lance, Continental Resources’ Harold Hamm and Hess Corp.’s John Hess – weighing in on a national debate about the 1970s-era restriction.
Greater Houston gasoline prices are ranging from as low as $1.75 a gallon to highs of $2.99 per gallon. The spiked prices are within the Houston loop at Shell stations at 2220 Main St. and at 319 Shepherd Drive, according to GasBuddy.
After making two multi-billion purchases in recent years, Siemens has no plans to make any further acquisitions, even as falling oil prices create a prime opportunity for buying and selling, a company executive said Tuesday.
GE says it’s planning to cut 100 jobs at its Jacintoport facility in East Houston as part of a broader move to shift some of its U.S.-based manufacturing of gas turbines and power generators to Europe and China.
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