GE to Merge Oil & Gas Unit with Baker Hughes
General Electric Co said on Monday it would merge its oil and gas business with Baker Hughes Inc, creating the world's second-largest oilfield services provider as competition heats up to supply more-efficient products and services to the energy industry after several years of low crude prices. The deal to create a company with $32 billion in annual revenue will combine GE's strengths in making equipment long-prized by oil producers with Baker Hughes's expertise in drilling and fracking new wells. Shares of Baker Hughes were down nearly 7 percent, a drop that executives said likely was due to the deal's complicated structure. GE is already the world's largest oilfield equipment maker, supplying blowout preventers, pumps and compressors used in exploration and production.
OTC Names 2013 “Distinguished Achievement Award” Recipients
The Offshore Technology Conference (OTC) will present its 2013 Distinguished Achievement Awards on May 5 at the Annual OTC Dinner to Ken Arnold for individual achievement and to Total Exploration and Production for corporate achievement. In addition, the Heritage Award will be presented to E. Dendy Sloan, PhD and James Brill, PhD. The Annual OTC Dinner will take place at Reliant Stadium in Houston, Texas. The dinner kicks off the world’s largest conference for offshore development May 6-9 at Reliant Park in Houston. Ken Arnold is being recognized for his outstanding leadership and extensive contributions to the E&P industry. His many…
OTC Names 2013 Achievement Award Winners
The awards will be presented on 5, May 2013, at the annual Offshore Technology Conference dinner in Houston, Texas. Ken Arnold is being recognized for his outstanding leadership and extensive contributions to the E&P industry. His many achievements include playing an integral role in the offshore industry’s focus on safety through the development of Recommended Practices for offshore design and safety management; and developing approaches to both equipment sizing and facility project management that are still in use today.
Hale Named Assistant VP of Finance for Ingram
Leigh Ann Hale has been named Assistant Vice President of Finance for Ingram Barge Company. Hale will oversee all of Ingram Barge Company’s tax administration and the accounts payable department. She joined Ingram Book Company as Director of Tax in 1997 and transferred to Ingram Barge Company January 2003. Prior to Ingram, Ms. Hale served as Senior Tax and Accounting Manager at Elliott, Baily and Amon, PSC, and as Senior Tax Manager at Purolator Products, Inc. in Tulsa, Oklahoma. She received her bachelor’s degree in Accounting from the University of Kentucky and her Master’s degree in Taxation from the University of Tulsa.
