Cameron International News

International energy logistics provider Peterson is to partner with Port Cameron in Louisiana to develop a deepwater staging port and supply base facility serving the Gulf of Mexico. Peterson has signed a teaming partnership agreement with Port Cameron for the development of a 500-acre deep water staging port. Upon completion, Port Cameron in Louisiana will be one of the largest private energy services facilities on the Gulf Coast. The agreement will see Peterson serve as port manager with the option to lease up to 1.2 million square feet of space in Port Cameron Logistics Center. The proposed development will feature more than 21,000 linear feet of bulkhead lots on dredged slips of 500-feet and 700-feet wide and dredged depths of 33 feet.

Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International Corporation's offshore product division, which comprises the LETOURNEAU jackup rig designs, rig kit business, as well as its aftersales and aftermarket services. The acquisition will not only broaden Keppel O&M's suite of jackup rig designs but also expand its business in the provision of aftersales and aftermarket services, the company said. The acquired company will operate as Keppel LeTourneau with offices in the United States, United Arab Emirates and Singapore. Chow Yew Yuen…

Schlumberger Limited (NYSE:SLB) announced today that it has closed its merger with Cameron International Corporation. 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 outstanding shares of common stock. The transaction combines two complementary technology portfolios into a pore-to-pipeline products and services offering to the global oil and gas industry.

Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA  has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider, to acquire its offshore rigs business for US$100mln. This segment is made up of Cameron's proprietary LeTourneau jack up rigs designs, its rig kit business, and aftermarket services. The LeTourneau jack up rigs designs have been popular with certain market segments and will help Keppel expand its suite of jackup rig offerings, Keppel said in a statement. Under the agreement, a new subsidiary known as "NewCo" will be 100%-owned KOM USA, which houses the offshore rig business.

The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award. The 2015 awards will be presented May 4, in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awards—a program for OTC exhibitors—showcase the latest and most advanced hardware and software technologies that are leading the industry into the future. In support and recognition of innovative technologies being developed by small businesses…

David Williams, CEO of the Noble Corporation, was honored as the Massachusetts Maritime Academy’s “Salute to the Maritime Person of the Year” at the Petroleum Club in Houston. Mr. Williams was awarded the Emery Rice medal, the Academy’s highest award presented for leadership excellence in the maritime field. The event is the Academy’s major scholarship fundraiser, with all proceeds going toward student financial aid. A contingent of almost 40 cadets and staff traveled to Houston Texas to stage the event and present Mr.

According to a May 8 report from the New York Times, Congress is preparing to hold hearings on the April 20 explosion that sank the Deepwater Horizon oil rig. Implicated are BP, the British company that leased the deepwater rig, Transocean, the rig’s owner and operator, Halliburton, which handled a critical procedure about a day before the accident, and Cameron International, which made the blowout preventer that failed to engage. All four companies have been summoned to Capitol Hill to answer questions. (Source: New York Times)