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Cameron Corporation Company News
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Oilfield Services Headcount Continues to Shrink
Market volatility is forcing many companies to continue with headcount reductions and facility closures.
8:00 PM EST | April 26, 2020
Keppel O&M Completes Acquisition of Cameron's Offshore Product Division
Keppel Offshore & Marine completes acquisition of Cameron's offshore product division.
8:00 PM EST | May 02, 2016
EU Clears Acquisition Of Cameron By Schlumberger
The European Union clears the purchase of equipment maker Cameron International by Schlumberger, the world's No.1 oilfield services provider.
7:00 PM EST | February 04, 2016
Cameron Stockholders Vote Yes to Schlumberger Merger
Cameron announces that its stockholders have overwhelmingly voted to adopt the previously announced merger agreement providing for the acquisition of Cameron by a wholly owned subsidiary of Schlumberger.
7:00 PM EST | December 16, 2015
Fluor Corporation to Acquire 100% of Stork Holding B.V.
Fluor Corporation agrees to acquire 100% of Stork Holding B.V. for $755 million.
7:00 PM EST | December 06, 2015
R. Scott Rowe Assumes Cameron CEO Role
R. Scott Rowe assumes the role of Cameron president and chief executive officer, effective immediately.
8:00 PM EST | October 04, 2015
OneSubsea Secures FEED Contract for Greater Enfield Area Development
The Cameron and Schlumberger joint venture, OneSubsea, secures a front-end engineering and design contract for the Greater Enfield Area Development offshore northwest Australia.
8:00 PM EST | September 21, 2015
Providence Signs Exploration Collaboration Agreement with Schlumberger
Providence Resources signs a collaboration agreement with Schlumberger for the exploration of the southern Porcupine and Goban Spur basins, which are located offshore Ireland.
8:00 PM EST | September 20, 2015
DW Comments on Recent Developments in Global Oilfield Services Sector
Douglas-Westwood comments on the global oilfield services sector following Schlumberger's acquisition of Cameron.
8:00 PM EST | September 07, 2015
Keppel O&M to Acquire Cameron's Offshore Rig Business for $100M
Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million.
8:00 PM EST | August 30, 2015
Global Energy Deals Now Surpass Dawn of Oil 'Supermajors' Era
If there was any question over whether this year's oil crash would give rise to a new era of energy megadeals, there isn't anymore.
8:00 PM EST | August 26, 2015
Oilfield Giant Schlumberger Buying Houston-based Cameron for $14.8B
Schlumberger reaches an agreement to acquire Cameron for a total transaction value of $14.8 billion. Cameron stock skyrockets 41% after transaction announcement.
8:00 PM EST | August 25, 2015
GE To Buy Cameron's Reciprocating Compression Division For $550M
GE agrees to buy flow equipment provider Cameron's reciprocating compression division as it looks to benefit from the boom in the development of shale oil and gas fields.
7:00 PM EST | January 19, 2014
Cameron and Schlumberger Complete Subsea JV
Cameron and Schlumberger have created OneSubsea, a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market.
8:00 PM EST | June 23, 2013
Cameron Bags $600M Subsea Supply Work
Cameron received an order totaling approximately $600 million for the supply of 47 subsea trees and associated equipment.
8:00 PM EST | March 12, 2013
Cameron Secures Drillship Package Work
Cameron has received an order from STX Offshore & Shipbuilding to supply a complete drilling equipment package for an ultradeepwater drillship.
7:00 PM EST | November 25, 2012
Schlumberger, Cameron Ink Subsea Joint Venture
Cameron and Schlumberger announce they have formed the OneSubsea JV to manufacture and develop products, systems and services for the subsea O&G market.
7:00 PM EST | November 14, 2012
Cameron 3Q Net Jumps 36% on Strong Revenue, Lower Charges
Cameron's 3Q earnings jumped 36% as the O&G equipment maker recorded double-digit revenue gains across all its segments and benefited from a comparison with a year-earlier period bogged down by charges.
8:00 PM EST | October 30, 2012
Cameron Closes TTS Energy Division Acquisition
Cameron has closed on its purchase of the drilling equipment business of TTS Energy Division.
8:00 PM EST | June 05, 2012
Cameron Pens Panyu Contract with CNOOC
Cameron has signed an agreement with CNOOC for the supply of subsea production systems in support of the Panyu 35-1/2 deepwater gas field developments in the South China Sea.
8:00 PM EST | June 03, 2012
Post-Macondo Insurance Costs Rise, Short-Term Earnings Impact Not Yet Seen
E&P companies are paying insurance premiums 5 to 10% higher than 2011 for both deepwater exploration in the GOM and on the Gulf shelf following the Macondo oil spill, a Marsh Inc. advisor tells Rigzone.
8:00 PM EST | April 19, 2012
Cameron to Acquire TTS Energy Division
Cameron has agreed to acquire the drilling equipment business of TTS Energy Division in an all cash transaction valued at $270 million.
8:00 PM EST | April 17, 2012
Cameron Touts Record Revenues for 4Q
Revenues for the 4Q of 2011 were a record $2.03B, up more than 12% from the prior year, and revenues for the year were $6.96B, up more than 13% from 2010's $6.13B, also a new record.
7:00 PM EST | February 01, 2012
Cameron Reports 3Q Earnings in 2011
Revenues were $1.69 billion for the quarter, up 10 percent from $1.53 billion a year ago.
8:00 PM EST | October 26, 2011
Cameron Completes Acquisition of LeTourneau Technologies
Cameron has closed on its purchase of LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global.
8:00 PM EST | October 24, 2011
Cameron Elects New Board Member
Cameron has elected Rodolfo Landim to the Company's Board of Directors, effective October 18, 2011.
8:00 PM EST | October 23, 2011
Det norske Inks Contract Trio for Jette Development
Det norske has signed three important contracts in preparing for the Jette development with contractors Cameron, Subsea7 and Aker Solutions.
8:00 PM EST | October 04, 2011
Cameron to Acquire LeTourneau Technologies Drilling Systems
Cameron has agreed to acquire LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global for approximately $375MM in cash.
8:00 PM EST | August 30, 2011
Cameron Inks MOU with Petrobras
Cameron has signed a MOU with Petrobras, confirming Cameron's intent to enhance its research and development efforts in Brazil.
8:00 PM EST | March 14, 2011
Cameron Lands Surface Equipment Order for ConocoPhillips Offshore Norway
Cameron has received a contract from ConocoPhillips to provide equipment and services on 2 new platforms in the Greater Ekofisk Area Development.
7:00 PM EST | March 07, 2011
Cameron Inks Global Agreement with BP for Subsea Systems
Cameron Subsea Systems has signed a non-exclusive Global Agreement with BP for the Engineering, Procurement, Construction and Operational Support for Subsea Production Systems.
7:00 PM EST | February 28, 2011
InterMoor Scores Cameron Contract for Jack/St. Malo Field
InterMoor has finalized an agreement with Cameron to design and fabricate 11 suction piles for the Jack/St. Malo field.
7:00 PM EST | January 24, 2011
Cameron Scores Supplying Subsea Systems in South China Sea
Cameron has received an order for the supply of subsea production systems for a deepwater and offshore gas processing and pipeline project in the South China Sea.
7:00 PM EST | January 23, 2011
Cameron Wins Gudrun Gig
Cameron has received a contract valued at approximately $90 million from Statoil for the Norwegian Gudrun platform.
7:00 PM EST | January 19, 2011
Cameron Lands Petrobras Subsea Order
Cameron has received an order from Petrobras for 27 subsea trees and related equipment, worth approximately $74 million, for use in their developments offshore Brazil.
7:00 PM EST | January 12, 2011
Cameron 3Q10 Profit Rises 19%
Cameron posted a 19 percent increase in quarterly profit boosted by an increase of orders in several product lines.
8:00 PM EST | November 01, 2010
Cameron Reports 2Q Earnings for 2010
Cameron reported net income of $129.2 million, or $0.52 per diluted share, for the quarter ended June 30, 2010.
8:00 PM EST | August 03, 2010
200+ Lawyers Meet in New Orleans to Discuss BP Lawsuits
On Wednesday, according to a report from Bloomberg, more than 200 lawyers met in New Orleans to discuss combining cases in an effort to speed up judgement against BP and its codefendants.
8:00 PM EST | May 05, 2010
Cameron Unveils New Triple Offset Butterfly Valve
The new WKM TriAx Triple Offset Butterfly valve is the newest addition to Cameron's Valves & Measurement group's line-up of products.
7:00 PM EST | February 15, 2010
Cameron's 2009 Revenues Trimmed by 11%
Cameron reported net income of $97.3 million, or $0.41 per diluted share, for the quarter ended December 31, 2009, compared with net income in the prior year's fourth quarter of $146.0 million, or $0.66 per diluted share.
7:00 PM EST | February 08, 2010
Cameron-Newmans JV Poised to Lead Valve Market
Cameron will form a joint venture with the owners of Newmans, whose product lines include Newco, OIC, Cooper, and Quadrosphere branded valves and services.
7:00 PM EST | February 07, 2010
Cameron Performs Industry First in Deep Angolan Waters
Chevron has completed its first deepwater scale squeeze treatment using Cameron's MARS (Multiple Application Re-injection System) on well LDN4 in the Lobito Tomboco field, Angola.
7:00 PM EST | January 12, 2010
Analysis: Offshore BOP Companies Play It Safe
According to the RigLogix team, Cameron leads the pack of BOP companies with approximately 422 BOPs working on offshore rigs.
7:00 PM EST | November 19, 2009
US Justice Dept Clears $980MM Cameron-Natco Deal
Cameron has reached an agreement with the Department of Justice that will allow the Company to close on its previously announced acquisition of NATCO Group Inc.
7:00 PM EST | November 17, 2009
Cameron: Increased Backlog Driven by Subsea Orders in 3Q
Orders Cameron received during the third quarter of 2009 totaled $1,343.0 million, up from the levels of the first two quarters of 2009.
7:00 PM EST | November 02, 2009
Cameron to Supply Pumping Systems for KuMaloobZaap Platforms
Cameron's Process Systems group has received an order valued at $86 million for sixteen multiphase pumping systems to be installed on three offshore platforms in the KuMaloobZaap field in the Gulf of Mexico.
8:00 PM EST | October 20, 2009
Cameron to Supply Petrobras Up to 138 Subsea Trees
Cameron has secured a deal with Petrobras, expected to be worth approximately $500 million, for the supply of subsea trees and related running tools for developments offshore Brazil.
8:00 PM EST | September 28, 2009
Cameron Terminates Rights Plan
Cameron's board of directors has approved amending its stockholders' Rights Agreement to accelerate the expiration of the Rights to August 31, 2009. The Rights had been slated to expire on October 31, 2017.
8:00 PM EST | August 19, 2009
Cameron's 2Q Profits Down, Backlog Still Exceeds $5B
Cameron has reported net income of $138.6 million for the quarter ended June 30, 2009, compared with net income of $148.8 million for the second quarter of 2008.
8:00 PM EST | August 03, 2009
Alcoa, Cameron Form Joint Collaboration on Offshore Drilling Riser Projects
Alcoa has signed a development agreement with Cameron to commercialize aluminum drilling riser systems for offshore oil and gas exploration and development.
8:00 PM EST | June 28, 2009