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 as well as project management and aftermarket services for the

oil and gas A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and burned as a fuel. The main fossil fuels are coal, oil, and natural gas. Fossil fuels ...

and process industries. Cameron was acquired by

Schlumberger Schlumberger Limited (), doing business as SLB, is an oilfield services company. Schlumberger has four principal executive offices located in Paris, Houston, London, and The Hague. Schlumberger is the world's largest offshore drilling compa ...

(SLB) in 2016, and now operates as 'Cameron, a Schlumberger Company.' At the start of the SLB acquisition in 2015, Cameron employed approximately 23,000 people and delivered $9.8 billion in revenue.

Organization

Cameron's organization has changed throughout the years to adapt to the market. Currently, the main business lines (product groups) are: *''Drilling Systems'' manufactures pressure control equipment and provides aftermarket services for worldwide onshore, offshore and subsea oil & gas drilling and production operations. Also provides system design and project management services for worldwide offshore oil and gas completion operations. Through their acquisition of

LeTourneau Technologies LeTourneau Technologies, Inc. was an American manufacturer of heavy construction equipment founded by R. G. LeTourneau. In 2011, the company was acquired by Joy Global. History R. G. LeTourneau, also the founder of LeTourneau University, founded R ...

Drilling, Marine, and Power divisions, and TTS Sense, the portfolio expanded into rig equipment, including rig controls, top drives, drawworks, rotary tables, and mud pumps, as well as designs and components for jackup rigs. *''Surface Systems'' manufactures and designs Wellheads, Fracturing Trees and other wellhead products for onshore and offshore oil production. Over the years Cameron acquired Ingram Cactus, Tundra and McEvoy companies which has grown Cameron's aftermarket knowledge and market share in the wellhead industry. *''Valves & Process Systems'' provides flow control equipment and aftermarket services for worldwide onshore, offshore and subsea oil & gas production, pipeline and process operations. * OneSubsea provides production equipment for Subsea oil and gas applications, including Integrated Solutions, Production Systems, Processing Systems, Control Systems, Swivel and Marine Systems, and Subsea Services.

History

Worker machining hole flange, Cameron Iron Works, Houston, TX

Cooper Industries began in 1833 when Charles and Elias Cooper established a foundry in Mt. Vernon,

Ohio Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The sta ...

. Cooper was licensed to produce the Corliss

steam engine A steam engine is a heat engine that performs mechanical work using steam as its working fluid. The steam engine uses the force produced by steam pressure to push a piston back and forth inside a cylinder. This pushing force can be trans ...

in 1869 and entered the production of

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

internal combustion engine An internal combustion engine (ICE or IC engine) is a heat engine in which the combustion of a fuel occurs with an oxidizer (usually air) in a combustion chamber that is an integral part of the working fluid flow circuit. In an internal combus ...

s in 1900. In 1929, Cooper became the

Cooper-Bessemer Cooper-Bessemer refers to the Cooper-Bessemer Corporation and the Cooper-Bessemer brand of industrial engines and compressors, manufactured in Mount Vernon, Ohio. The Cooper-Bessemer Corporation was formed when C. & G. Cooper (founded in 1833) an ...

Corporation when it merged with Bessemer Gas Engine Company, which was founded in Grove City,

Pennsylvania Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...

in 1899. In 1958, Cooper diversified into the controls industry with the establishment of the En-Tronic Controls Group. Five years later, the company acquired the

Ajax Engines Ajax is a brand of integral engine / compressor manufactured by the original equipment manufacturer, Cooper Machinery Service. Ajax is the oldest continuous engine product line manufactured in the United States and has been utilized in the oil and ...

Company, founded in 1877, and the Pennsylvania Process, founded to manufacture compressors in 1920. In 1965, the growing Cooper Industries branched out into electrical, automotive and tools and hardware industries. Two years later, it moved its headquarters to Houston and in 1968 began the Cooper Rolls joint venture with

Rolls-Royce Rolls-Royce (always hyphenated) may refer to: * Rolls-Royce Limited, a British manufacturer of cars and later aero engines, founded in 1906, now defunct Automobiles * Rolls-Royce Motor Cars, the current car manufacturing company incorporated in ...

to market

gas turbine A gas turbine, also called a combustion turbine, is a type of continuous flow internal combustion engine. The main parts common to all gas turbine engines form the power-producing part (known as the gas generator or core) and are, in the directi ...

s. The year 1987 marked the acquisition of Joy Industrial Compressor Group, founded in 1955 in Buffalo,

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, which was renamed Cooper Turbocompressor as part of Cooper Compression. W-K-M valves company, established in 1905 in Houston, and Demco Valve Company, established in 1947, were both acquired by Cooper Flow Control Division in the same year. One year later, Cooper acquired Enterprise Engine aftermarket services business. 1989 marked the acquisition of Cameron Iron Works, which was renamed Cooper Oil Tool. Cameron Iron Works was incorporated in Houston in 1920, by Harry Cameron and James Abercombie, and had branched out to Canada in Edmonton in 1951. It purchased the British Oil Field Equipment Company of

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

and

Leeds Leeds () is a city and the administrative centre of the City of Leeds district in West Yorkshire, England. It is built around the River Aire and is in the eastern foothills of the Pennines. It is also the third-largest settlement (by populati ...

in 1954 and acquired McEvoy valve and wellhead manufacturer, founded in 1905, and Willis

oilfield A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...

choke manufacturer, formed in 1939, in 1987. In 1994, Cooper Industries spun off its Petroleum and Industrial Equipment Group to focus on the electrical products, automotive products and tools & hardware businesses. One year later, Cooper Cameron Corporation was spun off as a

publicly traded company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

with a separate management group and Cameron and Cooper Cameron Valves divisions were formed from Cooper Oil Tool. Wheeling Machine Products Company's oilfield coupling business was also sold. The growing company acquired many different companies into various divisions from 1996 to 1998. Ingram Cactus Corporation, Tundra Valve & Wellhead Corporation, Wellhead Services and Marta Company were combined into Cameron. Ajax Repair & Supply, General Turbine Systems, PDQ Machine, and certain

asset In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...

s of Enox Technologies were acquired and combined into Cooper Energy Services. Daniel Ball Valve and Orbit Valve International were acquired into Cooper Cameron Valves. In 1999, the rotating compressor business was sold to Rolls-Royce and Cooper Energy Services merged with Nickles Industrial Manufacturing and purchased Elliot Turbocharger Group, Inc. Three years later, Cooper Cameron Valves acquired Nutron Industries and in 2003, Cooper Energy Services and Cooper Turbocompressor combined to form Cooper Compression. In the 21st century, Petreco International was acquired and began operation as a separate division and PCC Flow Technologies, NuFlo Technologies and Dresser Flow Control were acquired and combined into Cooper Cameron Valves and Cameron. In 2006, Cooper Cameron Corporation officially changed its name to Cameron International Corporation. In 2011, Cameron purchased the Drilling, Offshore, and Power Systems divisions of LeTourneau Technologies. In November 2012, Cameron announced plans to carve out its subsea division (and receive $600million from Schlumberger) to form a 60/40 joint venture with Schlumberger's Framo, Surveillance, Flow Assurance and Power and Controls businesses. In June 2013, Cameron and Schlumberger announced that OneSubsea, a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market, has received all required regulatory approvals. The parties will close the transaction making OneSubsea operational on June 30, 2013. On January 20, 2014, Cameron announced that its reciprocating compression division, (Cooper-Bessemer Corp's last direct descendant) would be purchased by GE Oil and Gas, and would be in the Downstream Technologies Solutions business unit. In August 2014, it was announced that

Ingersoll-Rand Ingersoll Rand is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Randplc (now known as Trane Technologies) ...

would acquire Cameron International's centrifugal compression unit for $850 million. In April 2016, oilfield services company

completed the acquisition of Cameron International for $14.8 billion, in a combination of stock and cash.

Role in 2010 Gulf Oil spill

Cameron manufactured and sold to

Transocean Transocean Ltd. is an American company. It is the world's largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United ...

in 2010 the

blowout preventer A blowout preventer (BOP) (pronounced B-O-P, not "bop") is a specialized valve or similar mechanical device, used to seal, control and monitor oil and gas wells to prevent blowouts, the uncontrolled release of crude oil or natural gas from a w ...

(BOP) that failed to close the well head and stop the flow of oil from the Deepwater Horizon oil well in the

Gulf of Mexico The Gulf of Mexico ( es, Golfo de México) is an oceanic basin, ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of ...

. News reports stated the equipment was not properly maintained by its operators and may have led to failure of the BOP system. In December, 2011, Cameron agreed to pay a $250 million settlement to BP PLC to settle all claims related to the Deepwater HorizonGelsi, Steve
"Cameron rises on BP settlement ..."
''MarketWatch'', December 16, 2011 4:29 pm EST. Retrieved 2011-12-16. without admitting responsibility.

References

External links

*
Cameron Founders Inducted to Inventors Hall of Fame

James Abercrombie biography

Harry Cameron biography
{{Authority control Companies based in Houston Multinational companies headquartered in the United States Companies formerly listed on the New York Stock Exchange Non-renewable resource companies established in 1920 Oilfield services companies 1920 establishments in Texas 2016 mergers and acquisitions Schlumberger Engineering companies of the United States

Organization

History

Role in 2010 Gulf Oil spill

See also

References

External links