GE's $1.3B bid for Wellstream and its earlier purchase of Dresser leave analysts thinking that...


GE's $1.3B bid for Wellstream and its earlier purchase of Dresser leave analysts thinking that it could expand from oil equipment manufacturing into services. That could mean going after a services-related company such as Oceaneering (OII), whose purchase likely would be cleared by antitrust regulators and might not put them in hot water with big competitors.
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  • dw57
    , contributor
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    wasn't Oceaneering one of the companies that worked with BP on that oil platform in the Gulf?
    13 Dec 2010, 06:10 PM Reply Like
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