Tag Archives: Energy & Resources

Dress-Rand Group Inc. (DRC) To Receive A Record Bid From Siemens AG (SIE)

After a continuous struggle and attempts to acquire Dresser-Rand Group Inc. (NYSE:DRC) for the last three years, Siemens AG (ADR) (OTCMKTS:SIEGY) might have to offer a record bid for the company. Siemens is ready to pay up to $80 for every share of the company, which will put market cap of Dresser-Rand Group Inc. (NYSE:DRC) at

Exxon Mobil Corporation (XOM) Started Drilling in Russia’s Arctic with Rosneft

Exxon Mobil Corporation (NYSE:XOM) started drilling in Russia’s Arctic with its Russian partner Rosneft on Saturday. The Russian President, Vladimir Putin, has appreciated the move and considered it as an excellent example of cooperation. According to Vladimir Putin, “Today, commercial success is driven by efficient international cooperation. Businesses, including Russian and foreign companies, perfectly realize