Month: November 2012

Posted on

Cameron – Schlumberger JV Shifts Subsea Currents

Subsea Systems

Cameron and Schlumberger announced this morning the formation of OneSubsea, a 60/40 joint venture partnership that will focus on manufacturing and developing subsea products and services worldwide.

Cameron will contribute its existing subsea division and receive $600 million from Schlumberger. It will also act as operator. For its part, Schlumberger will contribute its Framo, Surveillance, Flow Assurance and Power and Controls businesses. Continue reading “Cameron – Schlumberger JV Shifts Subsea Currents”

Posted on

Theodore Roosevelt: Industry Standard-bearer

Teddy Roosevelt

For decades, it has been popular for politicians and the media to portray the energy sector as a begrimed example of what needs to change in America. All the while, the industry continues to provide low-cost energy and well-paying jobs at times when the country needs both.

Faced with a public and political class that has little appreciation—and in some cases outright scorn—for its contributions, it would be understandable if industry participants felt like throwing in the towel. However, those who give their best everyday would do well to remember the words of Theodore Roosevelt. Continue reading “Theodore Roosevelt: Industry Standard-bearer”