oil and gas

Siemens considers bid for Dresser Rand: reports

Germany's Siemens (SIEGn.DE) is considering a bid for compressor and turbine maker Dresser-Rand (DRC.N) that could potentially derail a merger between Dresser-Rand and Swiss pump maker Sulzer (SUN.S), according to several media reports on Friday.

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South African government intends to obtain a 20% stake in each of new oil and gas projects

The government of South Africa had planned to obtain a 20% free stake in each of new oil development projects.

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Arabtec forms venture with Samsung Engineering Co.

The new joint venture to participate in projects in the Middle East and Africa comprised of Arabtec and Samsung Engineering Co.

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Indian Government to Ask ONGC for Videocon Deal Error

The Indian government is asking for an explanation about a premature statement issued by ONGC regarding its US$2.5 billion deal with Videocon.

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