Schlumberger, Cameron International form subsea joint venture
Nov 15 (Reuters) - Schlumberger Ltd, the world's largest oilfield services company, and oilfield equipment maker Cameron International Corp said they will create a joint venture to make products, systems and services for the subsea oil and gas market.
Cameron, which will manage the joint venture, will contribute its existing subsea business and receive $600 million from Schlumberger. Schlumberger will contribute its Framo, Surveillance, Flow Assurance and Power and Controls businesses.
- Four dead in apparent Connecticut murder-suicide
- South Korea expands air defense zone to partially overlap China's |
- Singer Susan Boyle reveals she has Asperger's syndrome: paper
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Dynasty's Congress party punished in Indian state elections