Hints and tips:
...It announced last week it planned to spend $110m building a new global research centre for oil and gas technology in Oklahoma....
...Companies ranging from Halliburton to National Oilwell Varco reported massive earnings growth in the third quarter....
...AOL has recently been building a network of specialist websites including TechCrunch, Endgadget and Patch,but this is the biggest acquisition yet. Its shares were down 3.4 per cent to $21.19....
...But Wellstream could equally be a target for one of the big oilfield services companies or even General Electric, Cameron International, National Oilwell Varco (which has a lot cash) and FMC Technologies...
...And as for building all-new refineries, forget it: nimbyism makes that next to impossible in Western markets....
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