GeoLogic has acquired Calgary-based Whitehot Innovations. The deal includes all proprietary technology and surrounding assets. Whitehot staff, including president Lori Adams, have transitioned to GeoLogic and are now working to integrate Whitehot’s QFind document management system with geoSCOUT, GeoLogic’s E&P decision support system. Adams started Whitehot in 2007 after purchasing the QFind from her previous employer, Rapid Technology.
Information protection and storage service provider Iron Mountain has gained entry to the S&P 500 Index, in the S&P 500 GICS (Global Industry Classification Standard) Industrials Economic Sector and the Diversified Support Services Sub-Industry Index.
Germanischer Lloyd has acquired Singapore-based International Refinery Services adding risk management expertise and advanced inspection techniques to its oil and gas portfolio. Terms of the deal were not disclosed.
Private equity firm Perseus LLC has bought in to Seismic Equipment Solutions (SES). The leveraged deal was arranged by Westlake Securities in the face of ‘extremely difficult conditions in the credit markets and a precipitous decline in energy prices during the process.’ Houston-based SES rents and sells equipment to seismic contractors and oil companies worldwide.
Austin, TX-based distributed temperature sensor (DTS) specialist SensorTran has raised $3.5 million venture capital, to be used for working capital and to accelerate the growth of SensorTran’s Smart Grid and wellbore monitoring businesses. Participants in the round included Advantage Capital Partners, Expansion Capital Partners, WHEB Ventures, and Stonehenge Capital Company.
Helix Energy Solutions has sold approx. 6% of its stake in Cal Dive for $86. The stake was acquired by Cal Dive as a stock repurchase. After the sale, Helix’s Cal Dive share will reduce to 51%.
The French Petroleum Institute (IFP) and the French Geological Survey (BRGM) have signed a research partnership agreement for the development of software tools for the study, dimensioning and monitoring of geological CO2 storage facilities. BRGM and IFP are both members of CO2GeoNet, the European network of excellence on geological CO2 storage.
Finally, though this news is a little stale, those who like us were puzzled over the disappearance of ModViz will no doubt be interested to learn that the company was acquired by Nvidia Corp. in April last year. ModViz provided complex 3D data visualization on high-performance computing clusters.
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