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World’s largest oilfield services provider Schlumberger has closed its merger with Cameron. Under the terms agreed, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the merger. As a result, former Cameron […]
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Schlumberger Limited announced today that it has closed its merger with Smith International, Inc. As previously announced, each Smith stockholder will receive 0.6966 shares of Schlumberger common stock in exchange for each Smith share, with cash paid in lieu of any fractional shares of Schlumberger common stock. Schlumberger has issued approximately 176 million shares pursuant […]
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Oil and gas industry service provider, Schlumberger on Friday informed its closed the merger with Cameron.
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Business & Finance, Equipment
LNG giant Golar LNG and oilfield services provider Schlumberger have announced the creation of OneLNG, a joint venture to ‘rapidly develop’ low cost gas reserves to LNG. According to Schlumberger’s press release on Monday, the combination of Schlumberger reservoir knowledge, wellbore technologies and production management capabilities, with Golar’s low cost FLNG (Floating LNG) solution, will […]
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LNG giant Golar LNG and oilfield services behemoth Schlumberger have reassured the market that today’s break-up in talks between Schlumberger and Ophir Energy over Fortuna FLNG deal, will not affect the framework agreement which has been signed between Golar and Schlumberger. To remind, oil and gas exploration firm Ophir Energy has terminated discussions with Schlumberger regarding […]
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Schlumberger Limited, the world’s largest oilfield services provider, and Cameron, a provider of flow equipment products, systems and services to oil, gas and process industries, today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. According to the press release, the agreement was unanimously approved by the boards of […]
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Business & Finance, Operations & Maintenance
Schlumberger and Cameron have signed a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 […]
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Schlumberger announced the opening of the Schlumberger China Petroleum Institute (SCPI) located in the Schlumberger China headquarters office building in the Chaoyang district of Beijing. The institute has more than 100 petro-technical experts, most of them co-located on the same floor of the office building in Beijing, and others working in several locations around China. […]
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Business & Finance, Equipment
Schlumberger announced on Friday the opening of the Schlumberger China Petroleum Institute (SCPI) located in the Schlumberger China headquarters office building in the Chaoyang district of Beijing. The institute has more than 100 petro-technical experts, most of them co-located on the same floor of the office building in Beijing, and others working in several locations […]
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Songa Offshore SE’s Board announced today its nomination committee’s proposal for the board of directors of Songa Offshore SE, to be elected on the company’s AGM on June 6th 2013 in Limassol, Cyprus. Michael Mannering, President of the Rig Management Group at Schlumberger, is nominated as a new Director and Chairman of the board. He […]
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The Board of Directors of Schlumberger Limited announced today that Andrew Gould, Chairman and Chief Executive Officer of Schlumberger Limited will retire as Chief Executive Officer effective August 1st 2011. Mr. Gould will continue to serve as Chairman of the Board until the annual general meeting of the company’s stockholders in April 2012. It is […]
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Schlumberger has announced the availability of its multiclient seismic survey data offshore Mozambique. The Schlumberger multiclient seismic data offered in collaboration with the National Petroleum Institute of Mozambique (INP) includes reprocessed 2D lines and newly acquired seismic data, and, according to the company, provides detailed imaging of the subsurface. “The recent discoveries and regional appraisals […]
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Schlumberger Limited announced that it has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc. Additionally, Schlumberger has committed to divest the remaining portion of its distribution business by agreeing to support NOV’s previously announced proposed acquisition of all outstanding shares of CE Franklin Ltd. for CAD$12.75 in cash per […]
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Business & Finance, Equipment, Operations & Maintenance
Schlumberger has closed its merger with Cameron. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the merger. As a result, former Cameron stockholders own approximately 10% of Schlumberger’s […]
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Schlumberger has appointed Olivier Le Peuch as chief operating officer, effective immediately. Reporting to Paal Kibsgaard, chairman and chief executive officer, Le Peuch will be responsible for the day-to-day management of all worldwide operations. Previously, Le Peuch was executive vice president Reservoir & Infrastructure, responsible for the management of the Cameron product lines, including OneSubsea, […]
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The Board of Directors of Schlumberger Limited announced today that Andrew Gould, Chairman and Chief Executive Officer of Schlumberger Limited will retire as Chief Executive Officer effective August 1st 2011. Mr. Gould will continue to serve as Chairman of the Board until the annual general meeting of the company’s stockholders in April 2012. It is […]
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Schlumberger, the world’s largest provider of oilfield services, is backing down from an agreement to buy interest in a Russian drilling contractor Eurasia Drilling Company Limited (EDC). Schlumberger announced on Thursday that it does not intend to extend the pending agreement to acquire a minority equity interest in EDC, once the current extension expires on September […]
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Business & Finance, Equipment
The European Commission has approved under the EU Merger Regulation the acquisition of Cameron by Schlumberger. Schlumberger, the world’s largest oilfield services provider, is buying Cameron in a proposed all stock transaction announced in 2015. Upon completion of the transaction, each share of Cameron common stock will convert into the right to receive 0.716 shares […]
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Business & Finance, Research & Development
Schlumberger and Subsea 7 have entered into negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, established in 2015. The joint venture will be owned 50% by Subsea 7 and 50% by Schlumberger. The proposed joint venture will strengthen the front end engineering, design and execution of integrated projects, creating the Life […]
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Business & Finance, Equipment
Schlumberger has acquired Peak Well Systems (Peak), a specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity. The addition of Peak’s mechanical and remedial solutions for cased-hole well intervention should, according to Schlumberger, strengthen its Production Services portfolio with a broader offering of mechanical services to its […]
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Operations & Maintenance, Project & Tenders
Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts with Transocean valued at more than $350 million. The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico. The work scope includes storage, maintenance, inspection, repair, recertification and data-driven riser management on the rigs. Through the second contract, […]
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Cameron, a Schlumberger company, on Wednesday announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean worth more than $350 million. Schlumberger said that the first contract calls for it to manage Transocean’s Cameron risers in the Gulf of Mexico. This agreement includes storage, maintenance, inspection, repair, recertification, and […]
