For a stark on-the-ground report from Williston, North Dakota – widely considered the hub of Bakken Shale oil & gas development – read this story written by Brooklyn-based freelance journalist Laura Gottesdiener. The piece provides a glimpse inside the North American oil & gas production boom that often gets lost in the maze of production… Keep reading →
Siemens is acquiring gas equipment manufacturer Dresser-Rand for $7.6 billion dollars in a move meant to help the German conglomerate capitalize on the US energy boom. Earlier this year Siemens bought “most” of Rolls-Royce’s civil energy operation for $1.3 billion. The acquisitions are also likely motivated by a desire to remain competitive with rival GE, which… Keep reading →
Industry veterans talk about “The Great Crew Change,” which is occurring as an older generation of experienced oil & gas industry employees retire. The new crew coming on to take their place is often made up of twenty- and thrity-somethings who see new opportunities in a booming industry. “The gap in generations resulted from the… Keep reading →
