Siemens AG

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About

Siemens AG is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad.

Editor's note: Updated Dec. 20, 2019.

Symbol(s)
OTCMKTS: SIEGY
Headquarters Address

Munich
Germany

News

Siemens was awarded a contract by Arabian Drilling Co. on Feb. 19 to modernize a complete and integrated drilling-drives lineup,…

A digitally enabled floating production buoy concept provides opportunities to exploit marginal fields in the U.K. North Sea and…

‘The time for building and quickly flipping assets is gone,’ says Siemens executive, stressing the importance of keeping operational…

This senior executive outlines what he sees happening in midstream infrastructure as the sector enters a new decade.

Along with technical sessions, conference panels and networking events, new technologies will be one of the major highlights of the…

Transactions

Report Date Amount (MM) Description
2014-09-22 $7,600.00

Germany’s Siemens Pays Steep Price For Oilfield Equipment Maker Dresser-Rand

Germany’s Siemens Pays Steep Price For Oilfield Equipment Maker Dresser-Rand

IndustryVoice

As shale-oil operators adopt manufacturing models and mindsets to lower the costs of completions and production, they are deploying more and more digital technologies in diverse applications, many of which Siemens pioneered years ago. This paper offers a wide range of examples how digitalization can drive more efficiency, visibility, and reliability in the digital oilfield to improve capital efficiency and returns.

The midstream market has evolved. Siemens evolved with it, to meet the emerging needs of pipeline operators globally.

It is no longer a question of if the oil and gas industry will undergo full-scale digital transformation, it is a matter of when.

How can offshore operators put digitalization to work in a strategic, comprehensive way, without adding more complexity from a patchwork of digital solutions from different vendors?