Justice Department Clears Schlumberger, Cameron Merger

 Justice Department Clears Schlumberger, Cameron Merger

The U.S. Department of Justice cleared a proposed merger between Schlumberger Limited and Cameron International Corp. (NYSE: CAM) without any conditions.
The clearance grants the two companies early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Acts of 1976. The merger is expected to close in first quarter 2016, subject to other closing conditions and approval by Cameron stockholders.
Schlumberger is a global provider of technology, integrated project management and information solutions to customers in the oil and gas industry. Cameron is a supplier of flow equipment products, systems and services to oil and gas industries worldwide.

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


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...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...