The chief executive of Weatherford International said Thursday he and his company headquarters will move from Houston to Switzerland, joining at least two other top Houston oil services executives in seeking closer proximity to emerging oil producing regions overseas.
Halliburton Co. relocated its top executives to a Dubai headquarters in 2007 and offshore driller Transocean has announced plans to move to Geneva.
[while we sit atop the largest known-recoverable reserves on the planet. Why leave the US? Next...> ]
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Thursday, December 18, 2008
Another oil firm puts base overseas
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