Schlumberger Angles for Growth with Bid for Cameron

Changes in the outlook for the upstream oil and gas industry have led Schlumberger to launch a convincing bid for Houston-based oilfield equipment supplier and current joint-venture partner Cameron Int’l. The richly valued deal implies a price for Cameron’s stock of just over $66 per share, a 56% premium over its pre-announcement close.  With the …

FMC Technologies An Oil Equipment Company To Watch

FMC Technologies, a leading oil equipment company, consistently outranks its peer-group average in EnergyPoint Research’s customer satisfaction surveys. The company has grown into a dominant player over the years partly on the strength of a vigorous research and development program that began bearing fruit in time for today’s exuberant revival of subsea drilling and development. …

Cameron Int’l Making Its Way To New Depths

Conceptualizing, fabricating and installing the labyrinth of integrated systems and equipment required for today’s massive subsea projects are some of the most complex tasks in the oil and gas industry. Without question, the daunting challenges at these depths contribute to the historically low customer satisfaction ratings for subsea products we have observed in our surveys …

Schlumberger Adjusts Its Aim

As a capable giant in the oilfield, Schlumberger’s tentacles of services, manpower and ingenuity stretch into just about every major facet of exploration and production. Yet from the purview of customer satisfaction, the company can, in certain ways, appear surprisingly unremarkable.

New Tests Challenge Schlumberger

As a capable giant in the oilfield, Schlumberger’s tentacles of services, manpower and ingenuity stretch into almost every major facet of exploration and production. Yet, from the purview of overall customer satisfaction, the company can appear more like a straw in a haystack. To be sure, Schlumberger’s customer satisfaction ratings remain quite strong in the …

Cameron – Schlumberger JV Shifts Subsea Currents

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, …