slb s & p 500 component fortune 500 industry oil well services equipment founded 1920 houston texas headquarters park towers south houston texas key people president scott rowe products technical services to the petroleum industry ; construction revenue us 9.8 billion 2013 number of employees 23 412 2015 website cameron.slb.com park towers south which has the headquarters of cameron cameron international corporation formerly cooper cameron corporation ccc is a schlumberger company and a global provider of pressure control processing flow control and compression systems as well as project management and aftermarket services for the oil and gas and process industries . 1 it employs approximately 23 000 people and is headquartered in park towers south houston texas . 2 in 2006 cooper cameron was officially renamed cameron . 3 contents 1 organization 2 history 3 role in 2010 gulf oil spill 4 see also 5 references 6 external links organization edit cameron is organized into the following divisions 4 drilling & production 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 drilling power systems and offshore divisions they also manufacture drilling equipment including top drives drawworks rotary tables and mud pumps as well as designs and components for jackup rigs . valves & measurement manufactures flow control equipment and provides aftermarket services for worldwide onshore offshore and subsea oil & gas production pipeline and process operations . measurement systems designs manufactures and distributes measurement quality and control instrumentation for the global oil & gas and process control industries . petreco process systems provides processing equipment and aftermarket services for worldwide onshore and offshore oil & gas production and refining operations . compression systems manufactures compression equipment and provides aftermarket services for worldwide onshore and offshore gas production and transmission and for global process operations . history edit worker machining hole flange cameron iron works houston 1948 cooper industries began in 1833 when charles and elias cooper established a foundry in mt. vernon ohio . cooper was licensed to produce the corliss steam engine in 1869 and entered the production of natural gas internal combustion engines in 1900 . in 1929 cooper became the cooper bessemer corporation when it merged with bessemer gas engine company which was founded in grove city pennsylvania 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 company founded in 1877 and the pennsylvania process founded to manufacture compressors in 1920 . 5 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 to market gas turbines . 1987 marked the acquisition of joy industrial compressor group founded in 1955 in buffalo new york 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 perhaps cooper s most important acquisition 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 and leeds in 1954 and acquired mcevoy valve and wellhead manufacturer founded in 1905 and willis oilfield 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 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 assets 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 . 6 in 2006 cooper cameron corporation officially changed its name to cameron international corporation . 7 in 2011 cameron purchased the drilling offshore and power systems divisions of letourneau technologies . 8 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 . 9 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 . 10 on january 20 2014 cameron announced that its reciprocating compression division 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 would acquire cameron international s centrifugal compression unit for 850 million . 11 in april 2016 oilfield services company schlumberger completed the acquisition of cameron international for 14.8 billion in a combination of stock and cash . 12 role in 2010 gulf oil spill edit cameron manufactured and sold to transocean in 2001 the blowout preventer 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 . news reports stated the equipment was not properly maintained by its operators and may have led to failure of the bop system . 13 in december 2011 cameron agreed to pay a 250 million settlement to bp plc to settle all claims related to the deepwater horizon 14 without admitting responsibility . see also edit houston portal companies portal list of oilfield service companies natco group oil industry wellhead references edit http investors.c a m.com file.php 380 2013 annual report 1fc62ad8 a436 4016 bd33 82432de12d66.pdf cameron locator . cameron international corporation . retrieved on april 28 2010 . cooper cameron shareholders approve change of company s name to cameron press release . cameron international corporation . 2006 05 05 . retrieved 2006 05 10 . official cameron organization archived october 23 2006 at the wayback machine . keller david n. 1983 . cooper industries 1833 1983 . ohio university press . isbn 0 8214 0751 1 . cooper cameron acquires dresser flow control businesses press release . cameron . 2005 12 01 . retrieved 2006 05 10 . cooper cameron shareholders approve change of company s name to cameron press release . cameron . 2006 05 05 . retrieved 2006 06 18 . drilling . retrieved 28 august 2015 . onesubsea announcement . retrieved 28 august 2015 . cameron and schlumberger complete new subsea company . retrieved 28 august 2015 . ingersoll rand to buy cameron international unit for 850 million press release . reuters . 19 august 2014 . schlumberger to buy cameron in 14.8 billion oil services deal . bloomberg . 26 august 2015 . retrieved 27 august 2015 . hargreaves steve . gulf of mexico oil spill could cost bp 3 billion or more . money.cnn.com . retrieved 2012 01 26 . gelsi steve cameron rises on bp settlement ... marketwatch december 16 2011 4 29 pm est. retrieved 2011 12 16 . 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enbridge ensco ge oil & gas halliburton naftiran intertrade national oilwell varco petrofac saipem schlumberger snam subsea 7 technip transcanada transocean weatherford wood group other international association of oil & gas producers international energy agency international petroleum exchange opec society of petroleum engineers world petroleum council category commons v t e deepwater horizon oil spill events deepwater horizon explosion volume and extent efforts to stem the spill timeline may 2010 june 2010 july 2010 august 2010 companies and organisations owners anadarko petroleum bp mitsui oil exploration major contractors cameron international halliburton nalco holding company transocean wild well control other bureau of ocean energy management flow rate technical group minerals management service national commission on the bp deepwater horizon oil spill and offshore drilling unified command u. s. coast guard worst case discharge people bp bob dudley tony hayward doug suttles carl henric svanberg darryl willis mms s. elizabeth birnbaum michael r. bromwich chris oynes u.s. coast guard thad allen mary landry james a. watson paul f. zukunft