EU Commission Approves Creation of Joint Venture “OneSubsea” by Cameron and Schlumberger
The European Commission has approved under the EU Merger Regulation the proposed creation of a joint venture combining the subsea businesses of Cameron of the US and Schlumberger of the Netherlands. Cameron manufactures and supplies technical products for the oil and gas industries, such as drilling systems, valves, etc. Schlumberger …
Russian Drilling Contractors Roundtable – RDCR – 11th of April – Update
On April 11th, at the Swissotel Moscow, TMG Worldwide is organizing the 1st Russian Drilling Contractors Roundtable, www.rdcr.net The RDCR is a one day event. The event is designed to provide a platform for the regional drilling contractors to discuss which technologies are available for their rig and equipment upgrade …
BP Announces Settlement with Cameron International Corporation of Claims Related to the Deepwater Horizon Accident
BP announced that it has reached agreement with Cameron International Corporation (“Cameron”), the designer and manufacturer of the Deepwater Horizon blowout preventer, to settle all claims between the companies related to the Deepwater Horizon accident and spill. BP and Cameron have concluded that the settlement is in their mutual best …