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Siemens

A Japanese drumming ensemble welcomes guests as Mitsubishi Heavy Industries Compressor International Corp. opens a new plant in Pearland.

Maker of chemical plant components opens Pearland plant

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Mitsubishi Heavy Industries Compressor International Corp. officially opened its $75 million manufacturing plant in Pearland, where it plans to put the finishing touches on compressors and steam turbines supplied to customers in the petrochemical sector.
Joe Kaeser, CEO of Siemens, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. (Melissa Phillip/Houston Chronicle)

CERAWeek: Siemens CEO Kaeser still up on U.S. oil industry

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Even after nine months of plunging crude prices, Siemens CEO Joe Kaeser says he still believes the U.S. oil industry is “pretty cool.”
Siemens CEO Joe Kaeser (Getty Images)

CERAWeek Q&A: Siemens CEO will focus on integrating acquisitions amid downturn

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Siemens AG CEO Joe Kaeser talked with FuelFix ahead of his CERAWeek presentation Wednesday about his continued faith in the oil and gas business and global crude demand.
Siemens CEO Joe Kaeser (Getty Images)

German engineering giant expanding U.S. operations in Houston

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Siemens AG, a global engineering giant that employs about 2,000 workers in Houston, is establishing an oil and gas headquarters at its offices in Houston’s Energy Corridor.
Delegates attend an economic conference, in Sharm el-Sheikh, Egypt, Saturday, March 14, 2015. Egypt raked in promises of more than $12 billion in investment and aid from its Gulf Arab allies on Friday, kicking off an international conference aimed at rescuing the country's gutted economy and giving a political boost to its soldier-turned-president. President Abdel-Fattah el-Sissi made his case for the world's support, depicting Egypt as vital to regional stability and a bulwark against Islamic militancy. (AP Photo/Hassan Ammar)

Businesses upbeat on Egypt’s chances at investment meeting

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Saturday’s focus shifted to the private sector, with several companies announcing agreements, including some from Germany’s Siemens AG that were the largest single package signed at the three-day conference.
Siemens CEO Joe Kaeser (Getty Images)

Siemens bid for Dresser-Rand faces in-depth EU investigation

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The proposed deal may reduce competition for equipment used by companies active throughout the oil and gas distribution chain, including exploration, storage and refining, the European Commission said in an e-mailed statement today.
Joe Kaeser, CEO of Siemens, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. (Melissa Phillip/Houston Chronicle)

Siemens to cut 7,800 employees

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German industrial conglomerate Siemens AG said Friday it will scrap 7,800 jobs over the next two years to cut costs, as it faces lower energy equipment profits and a battered European economy.
Joe Kaeser, chief executive officer of Siemens AG. (Krisztian Bocsi/Bloomberg)

Siemens said to plan 7,400 job cuts as CEO reduces costs

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The cuts, representing about 2 percent of Siemens’s global workforce, may be announced as early as this week.
A electric pumping unit removes crude oil from a  well outside South Heart, North Dakota. (Daniel Acker/Bloomberg)

Dover’s $430m purchase shows appeal of specialty oil field service firms

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Oil field service companies will have to be far more frugal as crude prices fall.
Joe Kaeser, chief executive officer of Siemens AG. (Krisztian Bocsi/Bloomberg)

German CEO: The world is watching US moves on Keystone XL

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Business leaders around the world are watching to see what the United States does with the Keystone XL pipeline, the CEO of engineering giant Siemens said Friday.