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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 ...
In 2015, due to a downturn in the global oil and gas industry, Schlumberger announced 21,000 layoffs accounting for 15% of the company's total workforce. [37] In 2015, Schlumberger agreed to acquire oilfield equipment manufacturer Cameron International for $14.8 billion. [32]
Cameron would manage OneSubsea with a 60% interest, with Schlumberger retaining 40%. [7] [8] In January 2015, Helix, OneSubsea and Schlumberger formed the Subsea Services Alliance to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems. [9]
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.
In January 2022, the company had 73,541 global employees, so the layoffs could involve about 7,300 employees. The layoffs are expected to begin in the coming weeks. Fritz Jorgensen/istockphoto
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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.
Smith International was a Fortune 500 company headquartered in the Greenspoint district and in unincorporated Harris County, Texas. [2] [3] Smith International ceased to exist as an independent company following the merger with Schlumberger.