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Schlumberger NV (French: [ʃlumbɛʁʒe, ʃlœ̃b-]), doing business as SLB, also known as Schlumberger Limited, [2] is an American oilfield services company. [ 3 ] [ 4 ] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
Schlumberger, owners of Geco-Prakla paid cash to Baker Hughes, which then owned Western, for a 70% stake in a joint venture of the combined companies. [3] In May 2006, Schlumberger bought out Baker Hughes' 30% stake for a reported $2.4 billion, making WesternGeco one of its subsidiaries.
Schlumberger announced in August 2015 that it was acquiring Cameron and OneSubsea for $14.8 billion. [ 13 ] In July 2024, it was announced that OneSubsea was awarded the contract to frond-end design an all electric subsea tree project from Equinor called Fram-Sør.
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 ...
The two largest companies in this sector are Schlumberger with a 2007 year-end market cap of US$117.6 billion and Halliburton with a 2007-year end market cap of US$33.4 billion. According to Mr Chen, US firms tend to be the most expensive with enterprise values running two to three times book values , compared with one or less in Europe and Asia.
Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK.As one of the world's largest oil field services, industrial and energy technology companies, it provides products and services to the oil and gas industry for exploration and production, as well as other energy and industrial applications.
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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.