Tag: Siemens

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 »

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 »

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 »

All roads lead to gas as GE, Siemens vie for new markets

With gas set to be the fastest growing fossil fuel over the next 20 years, deals to tap into the coming boom are growing.  More »

Siemens said to be preparing bid to buy Alstom’s gas turbine unit

Siemens AG is preparing a bid for Alstom SA’s energy unit that would leave it with the French company’s gas turbines while allowing partners Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. to expand their steam turbines and hydro businesses, people familiar with the matter said.  More »

Beatles tribute, Siemens party add spice to OTC

The organizers of Offshore Technology Conference wanted to celebrate its 45th anniversary in a big way. So they brought in the Beatles.  More »

Siemens eyes US expansion amid energy boom

Siemens AG CEO Joe Kaeser suggested Wednesday that the global engineering corporation will bring more operations to the United States amid the nation’s energy boom, because “I want to build this company to last.”  More »

Siemens to supply $2.6B US offshore wind plant

Siemens AG, Europe’s biggest engineering company, agreed to supply turbines to the $2.6 billion Cape Wind project, the first offshore wind farm planned in the U.S.  More »

Buffett’s big wind buy boosts confidence in turbines

The decision by Warren Buffett’s utility company to order about $1 billion of wind turbines for projects in Iowa indicates that turbines are becoming profitable without subsidies and that the drop in equipment costs is making renewable energy more competitive with power from fossil fuels.  More »

Siemens energy-related business unit taps new CEO

Mario Azar, formerly an executive vice president within the company, was elevated to CEO of the solutions business unit in the oil and gas division of Siemens’ energy sector on Monday.  More »

OTC offered suite deal for visitors (photos)

Companies are increasingly using hospitality suites, offering everything from shrimp cocktail to margaritas, as a way to gather more attention from attendees at OTC.  More »

Energy execs: Don’t eulogize coal yet

Coal-fired power may be on the wane in the United States, but reports of its death are greatly exaggerated, energy executives said Thursday. Also overblown: Predictions that natural gas will overtake all other forms of generating electricity in the U.S.  More »
Page 1 of 212