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Original Cameron Iron Works Building. On the National Register of Historic Places Park Towers South, which was the former headquarters of Cameron. Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control systems ...
A February 21, 2010 announcement said Schlumberger would acquire the company in an all-stock deal valued at $11.3 billion. The sale price of 45.84 per share was 37.5 percent higher than Smith's closing price on February 18, 2010. The deal was the biggest acquisition in Schlumberger history until their acquisition of Cameron International. [4] [5]
The deal was the biggest acquisition in Schlumberger history until their acquisition of Cameron International. [27] [28] The merger was completed on August 27, 2010. [29] Also announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy services, in a deal valued at $1.1 billion, including debt ...
Cameron Chairman, President and CEO, Jack B. Moore said, "Our new venture with Schlumberger provides a powerful marriage of their oilfield services technology and our subsea equipment heritage.
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Schlumberger (NYS: SLB) carries $19.5 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
NATCO Group was a medium-sized company based in Houston, Texas, officially founded in 1988 but essentially the successor of the National Tank Company which was founded in 1926; it manufactured equipment for separating oil, natural gas and water from one another, which is used in most oil-producing regions of the world.
The Cameron ram-type blowout preventer was the first successful blowout preventer (BOP) for oil wells. It was developed by James S. Abercrombie and Harry S. Cameron in 1922. [1][2] The device was issued U.S. patent 1,569,247 on January 12, 1926. [3] The blowout preventer was designated as a Mechanical Engineering Landmark in 2003. [1][2][4]