Startup Petroware AS (a subsidiary of Logtek AS) has acquired Jjwitsml.org. The latter’s Log Studio platform provides digital well log management functions including read/write access of WITSML 1.3 and 1.4. Petroware is interested in collaborating with organizations operating Witsml 2.0 test servers to continue its work on the JWitsml sub-component.
Private equity unit Veritas Capital has signed a definitive agreement to acquire the capital services business of CB&I for $755 million.
EcoStim Energy Solutions has received a $17 million cash injection from private investment unit Fir Tree Partners. The transaction represents a ‘potential equitization of substantially all of the company’s debt,’ avoiding defaults.
Prior to its acquisition by Wood Group (page 1), Amec Foster Wheeler reported progress on its ‘non-core’ disposal program with aggregate proceeds of £246 million forecast by end of Q2.
This article originally appeared in Oil IT Journal 2017 Issue # 3.
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