Siemens bid for Dresser-Rand faces in-depth EU investigation
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...
View ArticleBusinesses upbeat on Egypt’s chances at investment meeting
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...
View ArticleGerman engineering giant expanding U.S. operations in Houston
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.
View ArticleCERAWeek Q&A: Siemens CEO will focus on integrating acquisitions amid downturn
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.
View ArticleCERAWeek: Siemens CEO Kaeser still up on U.S. oil industry
Even after nine months of plunging crude prices, Siemens CEO Joe Kaeser says he still believes the U.S. oil industry is “pretty cool.”
View ArticleMaker of chemical plant components opens Pearland plant
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...
View ArticleSiemens said to need service sales boost to meet margin goal
Chief Executive Officer Joe Kaeser, who is focusing Siemens on energy generation and distribution, last year spent $7.6 billion on acquiring oil and gas specialist Dresser-Rand Inc. to boost the...
View ArticleAfter recent buying spree, Siemens not planning further acquisitions
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...
View ArticleCalpine buys power plant for $500 million
Houston-based Calpine Corp. is expanding its power plant fleet by purchasing the Granite Ridge Energy Center in New Hampshire for $500 million.
View ArticleDresser-Rand plans to shutter plant, lay off 72 workers
More Houston-area energy jobs are on the chopping block next year as Dresser-Rand announced plans to shutter a North Houston support facility and lay off 72 people who work there.
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