James Crandell

Dresser-Rand Seen Luring Suitors Like Siemens: Real M&A

Dresser-Rand Group Inc., with one of the best sales outlooks among makers of oilfield equipment, is turning into a takeover candidate for buyers such as Siemens AG, National Oilwell Varco Inc. and Cameron International Corp.

Weatherford in Play After Record Bid for Lufkin: Real M&A

General Electric Co.’s planned purchase of pump maker Lufkin Industries Inc. at the industry’s most expensive price tag is highlighting demand for oilfield equipment that may make Weatherford International Ltd. and Tesco Corp. the next targets.

Two Miles of Sea Covers Big Oil’s Next-Generation Field

The oilfield of the future is taking shape two miles underwater.

Barclays Capital Lowers 2011 U.S. Natural Gas Forecast by 3.9% to $4.40

Barclays Plc cut its forecast for U.S. natural gas prices for the three years through 2012 because of rising supplies and weaker demand.

Weatherford Seen Target After Accounting Lapses: Real M&A

Weatherford International Ltd. is shaping up to be a takeover target with accounting issues that wiped out half its market value on the verge of being resolved.

Transocean Restores Dividend After Investor Icahn Pressure

Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated dividend payments following pressure from billionaire shareholder Carl Icahn.

National Oilwell Deputizes ‘Jocks’ as CEO Reduces Role

National Oilwell Varco Inc., the largest U.S. maker of oilfield equipment, is promoting two of its top executives as part of Chief Executive Officer Pete Miller’s plan to strengthen the company’s management bench ahead of his eventual retirement.

Barclays Forecasts U.S. Natural Gas Prices Will Remain Around $4 This Year

U.S. natural gas prices may remain at about $4 per million British thermal units in 2011, according to Barclays Capital.

QGOG Betting Investors See Oil IPO Flop Ending: Corporate Brazil

QGOG Constellation SA, whose initial public offering will end a two-year energy IPO drought in Brazil, is betting it can buck the trend of oil industry flops as it raises new capital.

Oilfield Service Companies Expect to See More Industry Mergers

Oilfield service and equipment providers anticipate more mergers and acquisitions as valuations fall.

"A powerful wave of orders has begun to affect subsea equipment providers that in our opinion will last for at least the next five years and probably more."

- James Crandell on Mar 25, 2013

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Taiwanese Crew Hid to Escape Hail of Philippine Bullets

Adaro Energy Chief Says Coal at $100 a Ton Is New Normal

Asia Stocks Swing Between Gains, Losses on ICBC Stake Sal

Yen Weakens as BOJ Meets; Most Asian Stocks Decline With Silver

North Korea Frees Chinese Fishing Boat After Ransom Report