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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