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Tag Archives: equipment

Top 5 benefits of equipment rental in a devalued oil and gas market

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Let’s face it. In stronger markets, buying is possibility the better choice. However, don’t underestimate renting as a business-saving option. Renting allows companies to avoid increasing capital expenditures, save money on preventative maintenance and repairs services as well as ensures that equipment doesn’t become technologically obsolete. Once the decision to rent has been made, what next? There are multiple companies that ...

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Schlumberger acquires Houston-based equipment company

This Oct. 18, 2007, file photo, shows a Schlumberger logo on a tower at the entrance to Schlumberger's Sugar Land, Texas campus. (AP Photo/Pat Sullivan, File)

The merger of two oil and gas companies, one with a Victoria office, will create the industry’s first drilling and production system, according to officials. Schlumberger Limited, a technology and project management company, announced Wednesday it would acquire Houston-based equipment provider Cameron. The transaction was valued at $14.8 billion, according to a news release from Cameron. The company hopes to ...

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450,000 shale jobs generated by boom

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Shane Thielges | Shale Plays Media The US shale energy revolution has created over 450,000 jobs according to Toby Mack, President and CEO of the Energy Equipment Infrastructure Alliance (EEIA). The Desert Sun reports that while testifying in front of the House Energy and Mineral Resources Subcommittee, Mack credited the boom with job growth in construction, equipment, supplies and services ...

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