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...The platform was reported in Norwegian media to be part of the Ekofisk oilfield that sits close to the maritime border with the UK....
...Berenberg; Metro Bank downgraded to “hold” at Investec; Micro Focus cut to “sell” at Investec; Petrofac rated new “hold” at Berenberg; Renew rated new “buy” at Investec; Saipem rated new “buy” at Berenberg; Schoeller-Bleckmann...
...As the global industry recovers, Schlumberger has been able to push up the prices for some of its equipment and services around the world, Mr Kibsgaard said, but this has not yet had a significant impact...
...Its 62.5 per cent-owned oilfield services company Baker Hughes is also offering technology for capturing gas burnt off in flares from Iraq’s oilfields, which could be used for power generation....
...Rising costs for labour and equipment, difficulties in disposing of the unwanted water and natural gas produced alongside the oil, and above all a shortage of pipeline capacity for taking crude from the...
...Predictive maintenance Studying all the data associated with pieces of equipment such as pumps and valves can give indications as to when they are likely to fail, allowing them to be repaired or replaced...
...The charges are the latest blow for GE, which has been struggling as a result of downturns in some of its key markets, including power generation equipment and oilfield services....
...Later that year he followed up with a deal to combine GE’s oilfield equipment and services division with Baker Hughes, and pay $7.4bn to create a merged company in which GE retains a 62.5 per cent stake....
...The deal adds to a wave of consolidation in the oilfield services sector since the crude price crash of 2014 sent revenues diving....
...US oil production growth this year is on course to be significantly lower than government forecasts, as companies struggle to find the operators and equipment they need to complete the wells they have drilled...
...Schlumberger, the world’s largest oilfield services group by market capitalisation, has pointed to “robust” activity in North America and strengthening markets in some other parts of the world as its revenues...
...Baker Hughes has completed its merger with the oil and gas business of General Electric to create the second biggest oilfield services group after Schlumberger....
...Oilfield service companies are responding by restructuring and consolidating....
...Mr Zimmermann has a controlling stake in oilfield equipment maker Schoeller-Bleckmann, which is quoted on the Vienna stock exchange....
...Siemens closed the $7.8bn acquisition of Dresser-Rand, the US oilfield equipment maker, at the end of June, but analysts continue to question the cost and timing of the deal....
...Schlumberger has been seeking to use the downturn to plan for the long term, agreeing in August to buy Cameron International, a manufacturer of oilfield equipment, for $14.3bn....
...equipment maker Dresser Rand could have been better timed....
...Siemens closed the $7.8bn acquisition of Dresser-Rand, the US oilfield equipment maker, at the end of June but analysts continue to question the cost and timing of the deal....
...FMC Technologies of the US and Technip of France in March launched a joint venture called Forsys Subsea, intended to find new ways of bringing offshore oilfields into production....
...Siemens has sought to fill holes in its energy portfolio via acquisitions but is still awaiting European Union approval for a proposed $7.6bn deal to buy US oilfield equipment provider Dresser-Rand....
...Michael and Yoel Zaoui, brothers who founded Zaoui & Co after leaving senior roles at Morgan Stanley and Goldman Sachs, bagged $22m for their firm by advising Dresser-Rand, a US oilfield equipment maker,...
...Investors are concerned by Mr Kaeser’s decision in September to spend €5.8bn to acquire Dresser-Rand, an oilfield equipment maker. Analysts say the company overpaid and its timing was poor....
...The slump in oil prices is causing the cancellation or delay of oilfield investments and could therefore affect demand for Dresser-Rand’s equipment in the near term....
...Siemens, the German engineering group, has defended its $7.6bn acquisition of US oilfield equipment company Dresser-Rand, saying the long-term rationale remained intact even as slumping oil prices threaten...
...Siemens’ CEO hoped last year’s $7.6bn acquisition of US oilfield equipment company Dresser-Rand would help turn round the company’s fortunes....
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