Minneapolis-headquartered DTN has acquired Energy Management Institute (EMI), a provider of energy education and training services to major oil companies, power, natural gas marketers and others.
ENGlobal Corporation’s board of directors has initiated a review of strategic alternatives including mergers, buyback of public shares or the purchase or sale of specific assets. AB Riley has been engaged as financial advisor.
At Halliburton’ s annual meeting, held in Houston in May 2018, stockholders elected all twelve nominees to the board of directors and ratified the selection of KPMG as principal independent public accountants for 2018. An ‘ advisory resolution’ on executive compensation was not approved, the first time such a proposal has not passed.
OspreyData’ s ‘expert-augmented,’ AI-based optimization platform for oil and gas has raised $5 million in a Series A funding round led by Houston Ventures with participation from existing shareholders. OspreyData’ s technology addresses artificial lift optimization with the early detection of key problem states.
P2 Energy Solutions has acquired iLandMan in a ‘strategic growth initiative.’ iLandMan adds lease acquisition and land management to the P2 portfolio. Whitehawk Advisory and Evangeline Securities advised iLandMan on the transaction.
Uptake has acquired Asset Performance Technologies and its library of industrial equipment failure data, expanding its customer base across oil and gas and other asset-intensive industries. APT’s hosted Preventance APM software has failure mode information for some 800 equipment types. The solution is deployed by industrial customers in their maintenance programs. The library will now integrate Uptake’s industrial AI and IoT portfolio. Clients include SABIC, and Suncor.
Google has announced a new server for US Securities and Exchange data, a BigQuery database containing years of SEC data including notes to the accounts.
This article originally appeared in Oil IT Journal 2018 Issue # 3.
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