Ikon Science has acquired Perigon Solutions, a wellbore data management and visualization specialist. Perigon’s iPoint solution adds a knowledge management component to Ikon’s RokDoc portfolio. The acquisition comes with ‘clear market, revenue and cost synergies’. Perigon’s technology will allow Ikon’s clients to leverage legacy rock physics and reservoir work and ‘derive quantitative, data-driven insights from past projects, analogues and global teams’ according to Ikon CEO Mark Bashforth. More from Ikon.
Rockwell Automation and Schlumberger have announced ‘Sensia’, aka, the oil and gas industry’s ‘first*’ fully-integrated automation solutions provider. Sensia combines Rockwell’s control and information solutions with Schlumberger’s technology for reservoir characterization, drilling, and production. Schlumberger will receive a $250 million payment from Rockwell at closing, funded by cash on hand after, which Sensia will operate as an independent entity, with Rockwell owning 53% and Schlumberger 47% of the joint venture. The new unit is expected to generate $400 million annual revenue with around 1,000 employees. Sensia CEO is Rockwell’s current CTO Allan Rentcome.
* The folks in Emerson/Paradigm may beg to differ.
Accenture has acquired Houston-based software house Enaxis Consulting, a provider of digital transformation services to the oil and gas vertical. Enaxis’ expertise includes data science and agile project delivery with ‘agile, safe and scrum’ methodologies. Enaxis’ annual leadership forum is billed as an invitation-only event for C-suite executives, futurists and academia.
ControlSoft has acquired eSimulation along with its joint venture partner, DxT3. eSimulation is a specialist in cloud-based optimization and operations management software for midstream natural gas gathering and processing companies.
DrillingInfo has acquired Cortex, a provider of accounts payable and receivable automation solutions for the oil and gas industry. DI has also acquired MineralSoft, a software platform for the management of mineral, royalty and non-operated working interests.
EnergyIQ has acquired PetroWeb’s EnterpriseDB, Navigator and Gateway Platforms. The software assets will integrate EnergyIQ’s Trusted Data Manager offering, adding spatial analytics to EIQ’s IQInsights search and visualization platform. Integration will be facilitated since both platforms are based upon the PPDM data model and have a similar architectural approach, according to Gina Godfrey, PetroWeb founder and CEO. PetroWeb’s data indexing and cataloging business continues with its GlobalSeismicLibrary portal and soon, a new well data product with tests, stratigraphy, geochemistry, cores and more from some 7 million wells across 100 countries.
Equinor has signed agreements funding basic research in five Norwegian universities and NHH, the Norwegian school of economics, with a five year dotation of NOK 315 million. The largest funding is a NOK 19 million per year deal signed with NTNU.
VC Silver Lake is to acquire a majority stake in GE’s ServiceMax field service management software. ServiceMax was acquired by GE Digital in 2016. The companies are to ‘continue to advance’ integration of Digital’s ‘Predix’ asset performance management suite and ServiceMax.
Halliburton has acquired SmartFibres, a developer and manufacturer of downhole fiber optic pressure gauges. SmartFibres will integrate Halliburton’s production enhancement portfolio.
Hexagon has acquired J5 International, a supplier of operations management software for industrial sites. J5’s solutions are used by oil and gas customers to replace the ‘troublesome’ mix of paper, spreadsheets, databases and other scattered manual data collection methods.
Graph database boutique Neo4j has closed an $80 million series E funding round led by One Peak partners and Morgan Stanley. The company has now raised some $160 million.
OpenText has acquired Catalyst Repository Systems for $75 million. The deal follows its 2018 acquisition of Liaison Technologies.
Osprey Informatics, a provider of visual monitoring solutions for oil and gas, has raised $3.75 million from Shell Ventures, Evok Innovations and InterGen capital.
Chinese oilfield process control specialist Recon Technology has received a letter from the Nasdaq warning that it did not meet the minimum bid price requirement. Recon now has until July 15, 2019 to regain compliance (and avoid delisting) by demonstrating a share price that stays above $1.00 for 10 consecutive days.
Seismos, a provider of real-time frac treatment and frac performance evaluation from acoustic flow metering, has secured $10.5 million equity financing led by Quantum Energy Partners.
Seitel has sold its Canadian seismic data library to Pulse Seismic in a CDN $53 million (plus an up to $5 million earn out) deal.
Risk management software house Sphera Solutions has acquired Aberdeen-based Petrotechnics, a provider of operational risk software for hazardous industries. Petrotechnics’ electronic permit to work functionality will integrate the SpheraCloud risk management and mitigation solution.
Houston-based Total Safety has acquired Clairmont, Alberta headquartered Vantage Safety Services, a ‘full-service’ provider of safety services to the oil and gas industry.
UniSea, a provider of software tools for operational support and HSEQ to the offshore oil and gas industry, has taken part ownership of Yxney, a ‘data-driven’ specialist in maritime energy efficiency.
Weatherford International has sold its surface data logging business to Excellence Logging for $50 million cash. Weatherford has also received written notice from the New York Stock Exchange that it is not in compliance with the NYSE’s continued listing standard. The company has six months to ‘cure’ the $1.00 per share deficiency.
Flow measurement specialist, Loveland, Colorado-based Western Energy Support & Technology has acquired ‘substantially all’ the assets of Houston-based L-K Industries, a manufacturer of oil centrifuges and petroleum sampling and measurement equipment.
Rockwell Automation has acquired Emulate3D, developer of automation systems simulation software.
Resman AS is to acquire Restrack, a tracer service provider, in a share purchase agreement.
Dassault Systèmes is to acquire the Elecworks electrical and automation design software product line from Trace Software.
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