Cameron and Schlumberger Thursday announced a joint venture to serve the subsea oil and gas market, with a goal of gaining market share in offshore drilling and increasing reservoir recovery rates.

When oilfield services giant Schlumberger announced its intent to acquire a non-competitor -- Cameron International -- late last month, it left many.

Schlumberger will merge with Cameron in $12.7B deal that will create the largest oil-field services company.

Cameron International Corp. (NYSE: CAM) announced that its stockholders overwhelmingly approved Schlumberger Ltd.'s (NYSE: SLB) previously announced acquisition of the company on Dec. 17.

The merger will create technology-driven growth by integrating Schlumberger reservoir and well technology with Cameron wellhead and surface equipment, flow control and processing technology.

Schlumberger, one of the world's largest oilfield services companies, said it will acquire oilfield equipment maker Cameron International Corp in a deal valued at $14.8 billion.

Houston-headquartered duo Cameron International Corp. (NYSE: CAM) and Schlumberger Ltd. (NYSE: SLB) have announced plans to spin off their subsea units into a new joint venture named OneSubsea.

Schlumberger Ltd. agreed to buy Cameron International Corp. for $14.8 billion, allowing the world’s largest oilfield-services provider to bundle its services and gear more effectively.

HOUSTON (AP) — Schlumberger is buying Cameron in a cash-and-stock deal valued at about $12.71 billion that would create an oilfield equipment and service powerhouse.

When oilfield services giant Schlumberger announced its intent to acquire a non-competitor -- Cameron International -- late last month, it left many investors and industry watchers puzzled.

When oilfield services giant Schlumberger announced its intent to acquire a non-competitor -- Cameron International-- late last month, it left many investors and industry watchers puzzled. Why on ...