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...]
InterOil Announces Chris Finlayson as their Company’s New Chairman
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...]
The United States Plans on Implementing New Regulations for Oil Transport
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...]
