GE to acquire Cameron’s reciprocating compression division

Offshore staff

HOUSTONGE Oil & Gas (NYSE: GE) has agreed with Cameron (NYSE: CAM) to acquire Cameron’s Reciprocating Compression division for $550 million.

The division provides reciprocating compression equipment and aftermarket parts and services for oil and gas production, gas processing, gas distribution, and independent power industries. High-speed reciprocating compressors are used in several applications from gas gathering, and gas lift and injection, as well as transmission and storage.

The acquisition is expected to close later this year. After closing, Cameron’s Reciprocating Compression division will become part of GE Oil & Gas’ recently formed Downstream Technology Solutions business in order to better serve the $11 billion downstream and distributed gas segments. The new business is designed to deliver products, services, and packaged solutions for both the traditional downstream and the evolving unconventional oil and gas space.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...