Monthly Archives: February 2010

Schlumberger to Acquire Smith International for $11 Billion

HOUSTON, Feb. 22 — Oil and gas services provider Schlumberger Ltd. announced plans to acquire Smith International Inc. in a stock-for-stock transaction worth an estimated $11 billion. Both companies’ boards unanimously approved a definitive merger agreement. Smith, based in Houston, provides products and engineering services used during oil and gas drilling, completions, and production. Among [...]

When Rotating Equipment Can Rub You Wrong

You have just started your new job as senior rotating equipment reliability engineer at a major production facility that involves rotating equipment. You have just joined the morning meeting on your first day and all you hear about is that the TE-101 is up and running, and everyone is hopeful that this time it will [...]

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