4Subsea has acquired Astori AS, a Norwegian provider of subsea control systems for well intervention operations. The automation and control technology ties into 4Subsea’s portfolio of critical decision support solutions for operators.
Hexagon has acquired Thermopylae Sciences and Technology. Thermopylae leverages the Google technology stack in its geospatial applications, mobile frameworks and cloud computing for enhanced location intelligence. The technology will extend Hexagon’s Smart M.App and Luciad portfolios.
Bitcoin Oil Inc. has reorganized as a wholly-owned subsidiary of an eponymous holding company located in Zug, Switzerland. The reorganization is said to provide Bitcoin Oil with a ‘meaningful presence’ in Switzerland’s Crypto Valley, a ‘leading crypto and blockchain hub’.
Eagle Automation has acquired the FieldFlow software from Cartasite. FieldFlow connects oil and gas producers with water hauling companies, providing a digital custody record of water volumes hauled, along with time stamps, geo-location, and confirmation of delivery to a water recycling or disposal facility. The software will be marketed from a new unit Eagle Field Tech.
Equinor has made an equity investment in SeekOps of Pasadena, CA, a manufacturer of gas detection devices.
Private equity company First Reserve is to acquire Weir Flow Control from its parent Weir Group in a £275 million deal.
Inventys has closed a $5 million investment from BDC Cleantech Practice in a Series C fundraising. The CO2 capture technology company has now secured $16 million under the planned round, which was led by OGCI Climate Investments. Funds will be used to complete the Company’s 30-tonne-per-day CO2 capture demonstration plant project with Husky Energy, currently in the final construction stages and due to begin operations in Q2-2019.
Proserv has sold its drilling services business, formerly known as TIC, to C-Automation, a global, full-service provider of API 16D BOP control systems and field service offerings.
Quorum Software has acquired Coastal Flow Measurement along with its Flow-Cal unit. The transactions will enhance Quorum’s software and services in hydrocarbon measurement data management.
Saudi Aramco Energy Ventures has invested in a series A fund raising by Earth Science Analytics AS, a Norwegian provider of artificial intelligence software. ESA is developing EarthNET, a cloud-based ‘next generation’ petroleum geoscience software platform based on artificial intelligence.
Private equity firm Thoma Bravo is to acquire Aucerna (previously 3esi-Enersight), a provider of integrated planning, execution and reserves management software. Thoma Bravo’s $30 billion fund focuses on the software and technology-enabled services sectors.
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