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You are here: Home / Archives for oil industry

Dresser Rand Bought by Siemens for $7.6 Billion

September 22, 2014 Posted by Contributor

The industrial conglomerate Siemens AG agreed on Monday to buy the U.S. oilfield equipment maker Dresser-Rand Group Inc. in an attempt of boosting Germany’s oil and gas business in the States. Dresser-Rand’s board of directors unanimously supported Siemens and its $83 per-share bid. In fact, on Friday, Dresser-Rand had a closing price of $79,91 per share, up 27 percent over the last three … [Read more...]

Filed Under: Business Tagged With: buyout, dresser-rand, North America, oil industry, purchase, siemens, siemens bid

InterOil Announces Chris Finlayson as their Company’s New Chairman

August 10, 2014 Posted by Editor

The Oil and Gas Industry has seen a lot of activity lately. Just yesterday, Vladimir Putin has voiced his support in Exxon’s new project, and now, InterOil has announced its new chairman. Total SA (FP)’s partner in Papua New Guinea, InterOil. Corp, has named Chris Finlayson (former chief executive at BG Group Plc) as chairman. With this move they hope to encourage natural gas export in the Pacific … [Read more...]

Filed Under: Business Tagged With: business news, Chris Finlayson, InterOil, oil industry, Total SA (FP)

The United States Plans on Implementing New Regulations for Oil Transport

July 23, 2014 Posted by Contributor

Do you remember the train accident that happened last year in Quebec? In that tragedy, the train exploded, and the fireball killed 47 people and completely destroyed approximately 40 buildings in its way. The injured civilians ran away in fear and panic. Naturally, the United States wants to make sure that things like this never happen again, so it has been working hard to make oil transportation … [Read more...]

Filed Under: National News Tagged With: oil industry, oil transport safety, oil transportation, rail cars, train safety for oil transportation

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