Divestco has successfully closed a $5 million subordinate bridge financing with Toscana Capital Corporation.
Chesapeake Energy’ s net investment in Frac Tech to date is approximately $115. Following a recent recapitalization, the company believes its investment will be worth at least $1.5 billion by year-end 2011.
Fugro has signed a letter of intent to acquire Kelman Technologies’ seismic data processing business. Fugro is also acquiring units of JDR Cable Systems.
GE has completed the acquisition of John Wood Group’s Well Support Division in a transaction worth $2.8 billion.
IHS has acquired Chemical Market Associates, its fifth transaction this year.
IndexIQ is to introduce its IQ Global Oil Small Cap exchange-traded fund, a ‘pure play’ investment targeting the oil industry.
Non destructive pipeline tester Profile Technologies has filed for Chapter 11 protection.
Seitel has sold a minority equity interest to affiliates of Centerbridge Partners for $125 million in cash.
In its annual report, TGS-Nopec reveals that it paid $3.6 million to acquire P2 Energy Solutions’ directional survey business in 2010 including $300,000 for software and $320,000 for a non-compete agreement with two of P2ES’ key employees.
Autonomy Corporation is to acquire ‘selected key assets’ of Iron Mountain ‘s digital division including archiving, eDiscovery and online backup.
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