Cameron Corporation Company News

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Oilfield Services Headcount Continues to Shrink
Monday, April 27, 2020Market volatility is forcing many companies to continue with headcount reductions and facility closures.

Keppel O&M Completes Acquisition of Cameron's Offshore Product Division
Tuesday, May 03, 2016Keppel Offshore & Marine completes acquisition of Cameron's offshore product division.

EU Clears Acquisition Of Cameron By Schlumberger
Friday, February 05, 2016The European Union clears the purchase of equipment maker Cameron International by Schlumberger, the world's No.1 oilfield services provider.

Cameron Stockholders Vote Yes to Schlumberger Merger
Thursday, December 17, 2015Cameron 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.

Fluor Corporation to Acquire 100% of Stork Holding B.V.
Monday, December 07, 2015Fluor Corporation agrees to acquire 100% of Stork Holding B.V. for $755 million.

R. Scott Rowe Assumes Cameron CEO Role
Monday, October 05, 2015R. Scott Rowe assumes the role of Cameron president and chief executive officer, effective immediately.

OneSubsea Secures FEED Contract for Greater Enfield Area Development
Tuesday, September 22, 2015The Cameron and Schlumberger joint venture, OneSubsea, secures a front-end engineering and design contract for the Greater Enfield Area Development offshore northwest Australia.

Providence Signs Exploration Collaboration Agreement with Schlumberger
Monday, September 21, 2015Providence Resources signs a collaboration agreement with Schlumberger for the exploration of the southern Porcupine and Goban Spur basins, which are located offshore Ireland.

DW Comments on Recent Developments in Global Oilfield Services Sector
Tuesday, September 08, 2015Douglas-Westwood comments on the global oilfield services sector following Schlumberger's acquisition of Cameron.

Keppel O&M to Acquire Cameron's Offshore Rig Business for $100M
Monday, August 31, 2015Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million.

Global Energy Deals Now Surpass Dawn of Oil 'Supermajors' Era
Thursday, August 27, 2015If 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.

Oilfield Giant Schlumberger Buying Houston-based Cameron for $14.8B
Wednesday, August 26, 2015Schlumberger reaches an agreement to acquire Cameron for a total transaction value of $14.8 billion. Cameron stock skyrockets 41% after transaction announcement.

GE To Buy Cameron's Reciprocating Compression Division For $550M
Monday, January 20, 2014GE 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.

Cameron and Schlumberger Complete Subsea JV
Monday, June 24, 2013Cameron and Schlumberger have created OneSubsea, a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market.

Cameron Bags $600M Subsea Supply Work
Wednesday, March 13, 2013Cameron received an order totaling approximately $600 million for the supply of 47 subsea trees and associated equipment.

Cameron Secures Drillship Package Work
Monday, November 26, 2012Cameron has received an order from STX Offshore & Shipbuilding to supply a complete drilling equipment package for an ultradeepwater drillship.

Schlumberger, Cameron Ink Subsea Joint Venture
Thursday, November 15, 2012Cameron and Schlumberger announce they have formed the OneSubsea JV to manufacture and develop products, systems and services for the subsea O&G market.

Cameron 3Q Net Jumps 36% on Strong Revenue, Lower Charges
Wednesday, October 31, 2012Cameron'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.

Cameron Closes TTS Energy Division Acquisition
Wednesday, June 06, 2012Cameron has closed on its purchase of the drilling equipment business of TTS Energy Division.

Cameron Pens Panyu Contract with CNOOC
Monday, June 04, 2012Cameron 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.

Post-Macondo Insurance Costs Rise, Short-Term Earnings Impact Not Yet Seen
Friday, April 20, 2012E&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.

Cameron to Acquire TTS Energy Division
Wednesday, April 18, 2012Cameron has agreed to acquire the drilling equipment business of TTS Energy Division in an all cash transaction valued at $270 million.

Cameron Touts Record Revenues for 4Q
Thursday, February 02, 2012Revenues 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.

Cameron Reports 3Q Earnings in 2011
Thursday, October 27, 2011Revenues were $1.69 billion for the quarter, up 10 percent from $1.53 billion a year ago.

Cameron Completes Acquisition of LeTourneau Technologies
Tuesday, October 25, 2011Cameron has closed on its purchase of LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global.

Cameron Elects New Board Member
Monday, October 24, 2011Cameron has elected Rodolfo Landim to the Company's Board of Directors, effective October 18, 2011.

Det norske Inks Contract Trio for Jette Development
Wednesday, October 05, 2011Det norske has signed three important contracts in preparing for the Jette development with contractors Cameron, Subsea7 and Aker Solutions.

Cameron to Acquire LeTourneau Technologies Drilling Systems
Wednesday, August 31, 2011Cameron has agreed to acquire LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global for approximately $375MM in cash.

Cameron Inks MOU with Petrobras
Tuesday, March 15, 2011Cameron has signed a MOU with Petrobras, confirming Cameron's intent to enhance its research and development efforts in Brazil.

Cameron Lands Surface Equipment Order for ConocoPhillips Offshore Norway
Tuesday, March 08, 2011Cameron has received a contract from ConocoPhillips to provide equipment and services on 2 new platforms in the Greater Ekofisk Area Development.

Cameron Inks Global Agreement with BP for Subsea Systems
Tuesday, March 01, 2011Cameron Subsea Systems has signed a non-exclusive Global Agreement with BP for the Engineering, Procurement, Construction and Operational Support for Subsea Production Systems.

InterMoor Scores Cameron Contract for Jack/St. Malo Field
Tuesday, January 25, 2011InterMoor has finalized an agreement with Cameron to design and fabricate 11 suction piles for the Jack/St. Malo field.

Cameron Scores Supplying Subsea Systems in South China Sea
Monday, January 24, 2011Cameron 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.

Cameron Wins Gudrun Gig
Thursday, January 20, 2011Cameron has received a contract valued at approximately $90 million from Statoil for the Norwegian Gudrun platform.

Cameron Lands Petrobras Subsea Order
Thursday, January 13, 2011Cameron has received an order from Petrobras for 27 subsea trees and related equipment, worth approximately $74 million, for use in their developments offshore Brazil.

Cameron 3Q10 Profit Rises 19%
Tuesday, November 02, 2010Cameron posted a 19 percent increase in quarterly profit boosted by an increase of orders in several product lines.

Cameron Reports 2Q Earnings for 2010
Wednesday, August 04, 2010Cameron reported net income of $129.2 million, or $0.52 per diluted share, for the quarter ended June 30, 2010.

200+ Lawyers Meet in New Orleans to Discuss BP Lawsuits
Thursday, May 06, 2010On 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.

Cameron Unveils New Triple Offset Butterfly Valve
Tuesday, February 16, 2010The new WKM TriAx Triple Offset Butterfly valve is the newest addition to Cameron's Valves & Measurement group's line-up of products.

Cameron's 2009 Revenues Trimmed by 11%
Tuesday, February 09, 2010Cameron 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.

Cameron-Newmans JV Poised to Lead Valve Market
Monday, February 08, 2010Cameron will form a joint venture with the owners of Newmans, whose product lines include Newco, OIC, Cooper, and Quadrosphere branded valves and services.

Cameron Performs Industry First in Deep Angolan Waters
Wednesday, January 13, 2010Chevron 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.

Analysis: Offshore BOP Companies Play It Safe
Friday, November 20, 2009According to the RigLogix team, Cameron leads the pack of BOP companies with approximately 422 BOPs working on offshore rigs.

US Justice Dept Clears $980MM Cameron-Natco Deal
Wednesday, November 18, 2009Cameron 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.

Cameron: Increased Backlog Driven by Subsea Orders in 3Q
Tuesday, November 03, 2009Orders Cameron received during the third quarter of 2009 totaled $1,343.0 million, up from the levels of the first two quarters of 2009.

Cameron to Supply Pumping Systems for KuMaloobZaap Platforms
Wednesday, October 21, 2009Cameron'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.

Cameron to Supply Petrobras Up to 138 Subsea Trees
Tuesday, September 29, 2009Cameron 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.

Cameron Terminates Rights Plan
Thursday, August 20, 2009Cameron'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.

Cameron's 2Q Profits Down, Backlog Still Exceeds $5B
Tuesday, August 04, 2009Cameron 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.

Alcoa, Cameron Form Joint Collaboration on Offshore Drilling Riser Projects
Monday, June 29, 2009Alcoa has signed a development agreement with Cameron to commercialize aluminum drilling riser systems for offshore oil and gas exploration and development.