Cameron reported earnings per share for the first quarter of 2013 of $0.70 excluding charges. This compares to earnings per share for the first quarter of 2012 of $0.54 excluding charges. This represented a thirty percent increase in earnings per share excluding charges compared to first quarter 2012. After-tax charges for the first quarter of [...]
Cameron has received an order totaling approximately $600 million for the supply of 47 subsea trees and associated equipment. The deliveries for the equipment, destined for Pre-Salt and Post-Salt areas offshore Brazil, will commence in 2014. Cameron Chairman, President and Chief Executive Officer Jack B. Moore said, “Cameron welcomes the opportunity to continue to support [...]
March 13, 2013 | Posted in
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On March 26, 2012, Cameron reached the bottom of the Challenger Deep, the deepest part of the Mariana Trench. The recorded depth was 10,898.4 metres (35,756 ft) when the Deepsea Challenger touched down. It was the fourth ever dive to the Challenger Deep and the second manned dive (with a maximum recorded depth slightly less [...]
Cameron has signed an agreement with EEPNL, an ExxonMobil affiliate, for the supply of subsea production systems to the Erha North Phase 2 development. The scope of supply includes five subsea production trees, two water injection trees, three manifolds, production and topside controls and associated equipment. Deliveries will commence in 2014. Cameron Chairman, President and [...]
February 18, 2013 | Posted in
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Cameron reported earnings per share for the fourth quarter of 2012 of $0.95 excluding charges. This compares to earnings per share for the fourth quarter of 2011 of $0.77 excluding charges. After-tax charges for the fourth quarter of 2012 were $0.07 per share. After-tax charges for the fourth quarter 2011 were $0.37 per share primarily [...]
Offshore handling systems specialist, Caley Ocean Systems has been awarded a contract by Cameron to develop a new deployment and overboarding system for the MARS (Multiple Application Re-injection System) for deepwater scale squeeze applications. The modular handling system will allow the MARS hardware to be more easily deployed onto the seabed from smaller vessels. The [...]
December 5, 2012 | Posted in
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Cameron announced that it has received an order from STX Offshore & Shipbuilding Co., Ltd., totaling approximately $275 million, to supply a complete drilling equipment package for a 12,000 foot ultradeepwater drillship. STX Offshore & Shipbuilding Co., Ltd. has a contract to build a new drillship from Sigma Drilling Ltd., of which Vantage Drilling Co. [...]
November 26, 2012 | Posted in
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Cameron and Schlumberger today announced the creation of OneSubsea™, a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market. This new company will offer a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over [...]
November 15, 2012 | Posted in
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Cameron reported net income of $223.6 million for the third quarter ended September 30, 2012, or $0.90 per diluted share. Earnings per share increased over 34 percent compared to the third quarter 2011 earnings of $0.67 per fully diluted share. Charges for the third quarter of 2012 were $3.4 million pre-tax, primarily related to integration [...]
Cameron has elected James T. Hackett to the Company’s Board of Directors, effective August 2, 2012. Hackett, 58, is currently Executive Chairman of Anadarko Petroleum Corporation (NYSE:APC). Previously he served as Chairman, President and Chief Executive Officer during his nine year tenure at Anadarko. Prior to this Hackett was President and Chief Operating Officer of [...]
