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Tag Archives: oilfield equipment

Equipment rental offers economic benefits in low price environment

Light Tower Rentals, equipment rental

Oilfield operators are struggling to operate efficiently in today’s challenging environment. To avoid large capital expenditures and maintenance costs, more and more operators are shifting from buying equipment to equipment rental. Renting equipment provides customers with certainty because the costs to rent are predictable, and the rental company handles the maintenance, repair and delivery, which are variable expenses that can ...

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Shrinking capital budgets require innovative options for Pumping Equipment

The drop in oil prices and resultant slowdown of domestic oil development has put the squeeze on capital equipment budgets.  At the same time, there are still pumping requirements that need to be met.  Caught between the necessity of moving product and the lack of funding to invest in equipment, asset managers are looking for cost effective alternatives to conventional ...

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Judge lets North Dakota oil patch overtime lawsuit proceed

FARGO, N.D. — A lawsuit accusing oil-services company Schlumberger Ltd. of failing to pay overtime wages in North Dakota’s oil patch can move forward, a federal judge says. Judge Ralph Erickson’s ruling, released Monday, grants conditional class-action status to the suit filed by a former employee of Houston-based Schlumberger, which provides technology and other support services for the oil and ...

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Theft, other charges filed

Texas Rangers recently arrested five people in Laredo for allegedly stealing about $500,000 worth of oilfield equipment, according to court documents. State authorities identified the suspects as David Roberto Vela Sr., 52, David Roberto Vela Jr., 28, Esperanza Vela-Valdez, 53, Marco Antonio Garcia, 41, and Javier Cantu, 44. The Velas, Vela-Valdez and Cantu were charged with theft, tampering with physical ...

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Siemens to buy Dresser-Rand to tap U.S. shale gas boom

Ludwig Burger Georgina Prodhan FRANKFURT (Reuters) – Germany’s Siemens <SIEGn.DE> has agreed to buy U.S. oilfield equipment maker Dresser-Rand <DRC.N> for $7.6 billion in cash, aiming to catch up with arch-rival General Electric <GE.N> in a booming U.S. shale gas market. The acquisition, which ranks among the biggest in the history of the German industrial group, will strengthen Siemens’ position in ...

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