Following the failure of its sale to TGS-NOPEC, Wavefield Inseis has found another suitor in CGGVeritas which is to pay approx $310 million for the company—a 31% premium on the share price. The Wavefield board has ‘unanimously welcomed’ the offer.
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Cartasite and Aragon ST have teamed on the provision of oil and gas monitoring. Through its Global Data Solutions Group, Aragon is to provide satellite, cellular radios, wireless sensors and communications services to Cartasite for use in its new ‘fieldFlow’ oilfield monitoring system.
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Siemens has acquired German process engineering software boutique Innotec. The deal will enhance Siemens’ industrial automation offering. The purchase price was not disclosed.
FMC Technologies has acquired 10.26% of Roxar’s outstanding share capital for an undisclosed amount.
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Halliburton has acquired the IPR, assets and existing business of Screen Imaging Technology, a provider of seismic depth imaging services and software.
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IHS’ Herold market research unit and Jane’s Information Group have teamed to provide country risk assessments to the energy business. Clients can now access Jane’s ‘Sentinel’ country risk service from the IHS Herold website. IHS has also announced the completion of its acquisition of Global Insight, a provider of research and forecasts of worldwide economic, financial and political information.
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ION Geophysical has teamed with Cairo, Egypt-based Guide Geoscience Technologies to provide advanced imaging and reservoir-related services to oil & gas companies operating in North Africa.
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National Oilwell Varco and Schlumberger are to create a joint venture to develop wired drill string telemetry systems. The deal centers on the IntelliServ system, originally developed by Grant Prideco (OITJ December 2006).
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Quorum Business Solutions has acquired Integra Solutions, adding business intelligence to its energy software portfolio.
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Teledyne Technologies acquired UK-based Cormon and its Cormon Technology unit. Cormon manufactures subsea and surface sand and corrosion sensors, as well as flow integrity monitoring systems for oil and gas production systems. Terms of the transaction were not disclosed.
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