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Paal Kibsgaard, chairman and CEO of Schlumberger. (Andrey Rudakov/Bloomberg)

Cameron rebuffed Schlumberger for months in hopes for a better deal

The two firms edged closer to an agreement as oil prices collapsed and wild swings in the stock market darkened the outlook for the oil field services industry.
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Deloitte: More oil and gas deals coming if crude prices stay low

As the hedges roll off, credit tightens and the realization that high prices are far off settles in, many companies will need to offer assets for sale and stronger ones will find good deals.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Cameron sells offshore jack-up rig business for $100 million

Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.
Cameron’s Mark IV High-Availability BOP Control System is the only blowout prevention system that features three points-of-distribution, or PODs, which significantly lessens the chance of delays in drilling in the event of a POD failure. 

Credit Cameron

Cameron says its Mark IV blowout preventer is “future-proofed”

Work on the Mark IV HA began three years ago with six months of research, followed by two-and-a-half years of engineering.
(AP Photo/Gerald Herbert, File)

Supreme Court denies Louisiana lawsuits against BP

The Supreme Court rejected an appeal Monday from 11 Louisiana parishes that wanted to revive their lawsuits over wildlife damage from the BP oil spill in the Gulf of Mexico in 2010.
The OneSubsea exhibit booth at the 2014 Offshore Technology Conference. (Collin Eaton/Houston Chronicle)

OneSubsea gets $270 million for Pemex’s first deepwater subsea field

OneSubsea announced Monday that it won a $270 million contract to develop a subsea production system for Pemex that will serve the first deepwater subsea field developed by Pemex, Mexico’s national oil company.
The OneSubsea exhibit booth at the 2014 Offshore Technology Conference. (Collin Eaton/Houston Chronicle)

OneSubsea wants to shrink its footprint — and recover more oil

OneSubsea is adding a twist to its two-decade old subsea pumps that may save operators from spending billions to build surface facilities many miles offshore.
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes forms subsea production unit with Aker Solutions

Baker Hughes and Norwegian subsea firm Aker Solutions will collaborate to develop technology for ramping up oil production and prolonging the lifespan of deep-water fields, the companies said Tuesday.
Google bicycles stand outside of the Google campus in Mountain View, Calif.  (AP Photo/Jeff Chiu, File)

Tech titans beat energy companies as best places to work

The energy industry made a respectable showing on Glassdoor’s 2014 ranking of the nation’s best places to work, released this month. But none of Houston’s oil giants cracked the top 50.
From left to right, Mark McCollum, chief financial officer of Halliburton; Dave Scullin, partner at Deloitte Services; and Gary Halverson, a vice president at Cameron International, speak at the Deloitte Oil & Gas Conference on November 19, 2013. (Emily Pickrell/Houston Chronicle)

Oil field services companies should show caution in deals, Halliburton exec says

Halliburton plans to be an active dealmaker when the unconventional oil and gas sector consolidates, but will be selective about the potential opportunities, a senior executive said Tuesday at a Houston energy conference.