Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries has announced its intentions to open a UK engineering centre in Derby. The global oil and gas company, which is head-quartered in Houston, Texas, chose Derby for access to engineering talent as well as its central location within the UK and the on-going regeneration of the city.
Paul Morley, Cameron's UK Engineering Manager said, "Derby really opened our eyes. As well as already having a reputation for engineering, it is a developed city – and its regeneration is continuing, despite what is happening in the wider economy. There is a real buzz about the place. You could say Derby won the beauty contest – but it also won the skills contest."
The company's Director of Engineering Aftermarket, Brian Haynes, reaffirmed the reasons why Cameron chose Derby. "After looking at many cities across the UK, we were attracted to Derby for a number of reasons including a talented workforce, a high number of universities in the area for graduates and the excellent transport links. We expect to initially recruit 20 highly-skilled engineers, increasing to 40 by the end of next year with potential further growth in the future."
Cameron generates in excess of $5 billion in annual revenues and operates around the world from more than 300 locations covering virtually all of the world’s oil and gas operating basins. They employ over 18,000 staff. Approximately two thirds of its business comes from outside the United States. Leveraging its global manufacturing, engineering and sales and service network, Cameron works with drilling contractors, oil & gas producers, pipeline operators, refiners and other process owners to control, direct, adjust, process, measure and compress pressures and flows.
Latest Stock Price – NYSE Symbol CAM – Price $53.32 – Change $1.05(2.01%) Volume - 1,096,100.