Plexus banking on higher revenues in second half on back of Spirit deal
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firm’s financial year on the back of a deal with Spirit Energy.
Cameron
Plexus lands Schlumberger deal for wellhead tech through to 2030
Schlumberger will grant Aberdeen-headquartered Plexus Holdings royalties and a $500,000 lump sum payment after agreeing a multi-year licensing deal for its tech.
Lamprell buries hatchet with Schlumberger subsidiary, two new rigs ordered
Dubai-based rig builder Lamprell has agreed a settlement with a subsidiary of Schlumberger over costs incurred on equipment delivered in 2016.
Schlumberger snaps up clean technology firm
Clean water technology company Mycelx Technologies Corporation has entered into an exclusive marketing and distribution agreement with Schlumberger.
Schlumberger completes takeover of Cameron
Schlumberger has announced the completion of its £10billion-plus cash and shares deal to buy energy service industry rival Cameron International
Schlumberger and Cameron win Chinese approval for merger
Schlumberger and Cameron International have been given approval by the Chinese Ministry of Commerce for their proposed merger.
Victoria snaps up Glencore’s Cameroon asset
Victoria Oil & Gas has expanded operations in Cameroon by acquiring 75% stake in the Matanda licence from a subsidiary of Glencore as the commodity giant continues to offload non-core assets .
Cameron shareholders approve Schlumberger takeover bid
Cameron said its shareholders have approved a bid by oil services giant Schlumberger to take over the company in a deal worth $12.7billion. The transaction is expected to be completed by next year.
Schlumberger yet to confirm where another 20,000 jobs will go
Schlumberger has yet to confirm where or exactly when it expects to reduce its headcount by another 20,000.
US approves proposed Schlumberger and Cameron merger
The US Department of Justice has approved the proposed merger between industry heavyweights Schlumberger and Cameron.
Cameron International to reduce headcount further
Cameron International has said it will reduce its headcount further as the low oil price continues. The company said around 75 jobs would go in early January next year. The move comes after the company previously said it would be letting 150 staff members go this autumn.
Cameron sees profits drop despite strong subsea performance
Oilfield services giant Cameron International’s profits dipped during the past three months despite increasing its subsea operating income and slashing costs.
There’s still an appetite for investment in the North Sea – PwC
Investors are still keen to invest in the North oil and gas industry, if the right deal is available, according to a senior industry expert.
Cameron confirms Rowe for top job
Oilfield services giant Cameron has confirmed that R.Scott Rowe has officially taken on the roles of president and chief executive today.
OneSubsea wins Woodside contract for Greater Enfield in Australia
OneSubsea - the Cameron and Schlumberger company - has been awarded a front-end engineering and design (FEED) contract for the Greater Enfield Area Development offshore northwest Australia.
Cameron welcomes OGUK chief to officially open Aberdeen facility
Oil & Gas UK chief executive Deirdre Michie formally opened the new Aberdeen base for oil services firm Cameron.
Schlumberger to buy Cameron in $14.8billion deal
Schlumberger has taken over Cameron in a $14.8billion deal. The company's chief executive said the move would create "new and broader" opportunities for Schlumberger in the current low oil market. Schlumberger told investors in June last year there needed to be a transformation in the technology delivered in order to outperform the markets.
Subsea 7 creates worldwide agreement with OneSubsea
Subsea 7 has struck a deal with Cameron and Schlumberger company OneSubsea to develop and deliver integrated development solutions. The move means the establishment of a worldwide non-incorporated alliance between the two firms. Subsea 7 will work alongside OneSubsea to create development solutions through the combination of subsurface expertise, subsea production systems and susbsea processing systems.
Chevron and OneSubsea sign agreement to form joint subsea program
Cameron and Schlumberger company OneSubsea and Chevron have entered into an agreement to form a JIP (Joint Industry Program) to develop subsea systems technology. The subsea development program will try to address the technical challenges presented by high pressure, high temperature reservoir environments for the development of 20,000 psi subsea systems. OneSubsea will lead the JIP by completing a portfolio of technology development projects and managing the evolution of the require enabling technologies.
US firm’s $1bn North Sea pledge
Plans for a billion-dollar cash injection in the North Sea will be unveiled today by Prime Minister David Cameron and US President Barack Obama. The Carlyle Group, one of the world’s leading investment managers, is putting £660million into the offshore oil and gas industry. The deal has been hailed as a “clear vote of confidence” in the sector amid fears about the effect of tumbling world oil prices on north-east jobs.