Oilfield Services Co. Schlumberger Completes Merger with Cameron

Houston-based Schlumberger (pronounced Shlum-Bur-Zhay) is the world’s largest oilfield services company. Halliburton is #2, and not even close in size. As we reported yesterday, the Obama Dept. of Justice is opposing Halliburton’s merger plan to buy out Baker Hughes (see Obama DOJ Sues to Block Halliburton/Baker Hughes Merger). In a similar move, Schlumberger made a bid for Cameron International–a leading provider of flow equipment products, systems and services to worldwide oil and gas companies. While the DOJ is giving Halliburton/BH the stink eye, they approved the Schlumberger/Cameron deal in near record time. Last week Schlumberger completed the merger and the two are now one company…

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