Siemens opens oil & gas headquarters in Houston

Siemens is opening a new oil & gas headquarters in Houston. Managing board member Lisa Davis, who leads Siemens’ oil and gas and power generation businesses, will be based in the new Houston office, which will also include Siemens’ oil & gas and marine business unit.

Siemens is acquiring Houston-based Dresser-Rand Group Inc. for $7.6 billion. The deal is expected to be completed later this year, although the European Union is scrutinizing the transaction to ensure that it does not reduce competition so much that prices rise. Siemens says that it intends to retain the Dresser-Rand brand name and its executive leadership team.

“Our Houston location is critical for Siemens’ long-term growth,” Davis said, “as it brings us closer to upstream, midstream, and downstream customers.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...