Done deals

AspenTech, 3esi-Enersight, Element Analytics, Gryphon Oilfield Solutions, Maana, Petroleum Experts, Kongsberg Digital, AspenTech, Groupe CVA, Tieto.

AspenTech has acquired Apex Optimisation, developer of the GDOT software that aligns processes, planning and scheduling in refineries and petrochemical plants.

3esi-Enersight has acquired Aclaro Softworks, creator of the PetroLook reserves management system.

Element Analytics has raised $19.5 million series A funding the VC arms of GE, Honeywell, ABB, Mitsui and others.

Gryphon Oilfield Solutions has received a ‘significant’ investment from Saudi Aramco Energy Ventures and CSL Capital Management. Funds will be used to expand Gryphon’s dissolvable tool portfolio. Cash committed to date exceeds $1.5 billion!

Maana has raised $28M from China International Capital, Accenture and others. Investments to date come to $68 million. At the same time, Accenture has partnered with Maana in a ‘strategic alliance’ targeting oil and gas.

Petroleum Experts has acquired Midland Valley Exploration, developer of the Move structural geology tool.

Kongsberg Digital has taken a 34% stake in NSG Digital. The deal is set to ‘digitalize’ the oil and gas and offshore wind supply chain. A new logistics system, NSG End-to-End has been developed on top of Kongsberg’s Kognifai platform.

AspenTech has acquired RTech’s ‘Cipher’ IIoT cloud-based software and edge connectivity assets.

French geoscience service provider Georex was wound-up mid 2017. Its assets are now held by Groupe CVA.

Tieto has acquired Petrostreamz whose PipeIt software will integrate Tieto’s Energy Components offering in a new integrated hydrocarbon management solution.

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