Aveva’s attempt to acquire Schneider Electric’s Invensys software unit (OITJ Vol 20 N°7) has come unstuck. A terse communication from Schneider announced that the discussions ended as ‘no agreement could be reached on terms.’
Data scientist Tessella has been acquired by the Altran Group,
a provider of ‘innovation and high-tech’ engineering services. Tessella
will henceforth operate as a ‘world class center’ for data science and
analytics.
Hercules Offshore
has completed its financial restructuring and emerged from Chapter 11.
Funding of a new $450 million senior secured credit facility has been
completed. President and CEO John Rynd said, ‘With the support of
our new investor base, we look forward to execute on our strategic
goals through the current industry downturn and thrive in the next
upcycle.’
Cash-strapped CGG has achieved investor support for its proposed capital increase. French government arm Bpi France and IFP Energies Nouvelles are supporting the initiative and Total is asking for shareholder approval in order to contribute ‘up to’ €35m.
The British Geological Survey has announced a £180m investment from government and business in an ‘Energy Research Accelerator.’
Exova is investing €1.4 million in a new laboratory in Padova, Italy.
© Oil IT Journal - all rights reserved.