Google sinks $200 million into Texas wind farm
Google has invested $200 million in a West Texas wind farm, which will become a part of the company’s $1 billion renewable energy portfolio, the Internet search giant said Wednesday.
View ArticleThe shale gale will go global, but when?
The shale oil and gas drilling boom, credited with creating jobs and pumping money into state and federal treasuries across the United States, will eventually spread across the globe, executives from...
View ArticleEnergy 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...
View ArticleOTC 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.
View ArticleSiemens 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.
View ArticleBuffett’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...
View ArticleSiemens 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.
View ArticleSiemens 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...
View ArticleBeatles 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.
View ArticleSiemens 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...
View ArticleAll 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.
View ArticleRussian 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.
View ArticleSiemens 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...
View ArticleLawsuit: 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.
View ArticleGerman CEO: The world is watching US moves on Keystone XL
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.
View ArticleDover’s $430m purchase shows appeal of specialty oil field service firms
Oil field service companies will have to be far more frugal as crude prices fall.
View ArticleSiemens said to plan 7,400 job cuts as CEO reduces costs
The cuts, representing about 2 percent of Siemens’s global workforce, may be announced as early as this week.
View ArticleSiemens to cut 7,800 employees
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.
View ArticleSiemens 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...
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