Done Deals

Triple Point, Softmar, Enerbility, GeoQuasar, ARKeX, Hyperion, ffA, Terraspark, Recon, Technip, more...

Triple Point Technology (TPT) has acquired Softmar, a vessel operations and freight rate risk management solution provider. TPT has also acquired Enerbility Software, improving connectivity to EU energy traders.

Rio-based GeoQuasar Energy Solutions is to act as ARKeX’s representative in Brazil and Mexico.

Aspen Technology has ended its reseller agreement for Russia and the CIS with Hyperion Systems Engineering.

Foster Findlay Associates and TerraSpark Geosciences are to explore ‘parallel’ R&D and synergies beentween TerraSpark’s Insight Earth and ffA’s SVI Pro and SEA 3D Pro seismic analysis software.

Chinese automation services provider Recon Technologies has received a RMB 1.1 million (approximately $161,000) grant from Nanjing city. The award acknowledged Recon’s successful NASDAQ float.

Schlumberger has signed with New Tech Engineering for the provision of wellsite consultants and engineering services to its Integrated Project Management activities worldwide.

Stallion Oilfield Services has emerged from Chapter 11 protection following a successful ‘pre-negotiated’ restructuring agreement entered into late last year.

Technip is involved in discussions with the SEC and US Department of Justice regarding the ongoing investigation of, TSKJ, a Nigerian joint venture. Technip recorded a €245 million charge in Q4 2009 reflecting the estimated ‘cost of resolution.’

Intellog has closed its initial round of fundraising for its planned development of web based search, data management and collaboration tools for petroleum producer. The company also announced that Timothy O’Rourke has been appointed Chair.

Click here to comment on this article

Click here to view this article in context on a desktop

© Oil IT Journal - all rights reserved.