Implico has acquired Brainum, developer of the QINO hosted tank terminal management solution.
Baker Hughes, a GE company has changed its name to Baker Hughes Company. Its stock now trades under the ‘BKR’ symbol.
Houston-based AI startup Belmont Technology has received an equity investment from Repsol’s corporate venture arm. Belmont’s Sandy platform uses graph technology and artificial intelligence across geoscience and reservoir engineering domains.
C&J Energy Services and Keane Group have completed their ‘merger of equals,’ establishing a new company, NexTier Oilfield Solutions.
Circor International is to sell its distributed valves business in a ‘strategic shift’ away from upstream oil and gas. The company plans to ‘focus on more attractive end markets with enhanced growth and earnings potential’.
CSA Ocean Sciences is to join forces with geophysical survey boutique MMT.
Fugro Seabed Geosolutions has sold its shallow water ocean bottom cable recording equipment for approx. $10 million. The sale completes Seabed’s transformation into a ‘pure ocean bottom node company’ focused on its Manta technologies.
GE’s Intelligent Platforms (a.k.a. GE Fanuc or Automation & Controls) are now to be marketed by Emerson.
Seequent has acquired Geoslope’s GeoStudio geotechnical analysis software.
Harris Corporation and L3 Technologies have merged, creating L3Harris Technologies.
McCoy Global has acquired DrawWorks, advancing its digital technology roadmap. Total consideration for the acquisition was $6.0 million, of which $1.5 million was financed through a vendor take-back consideration. McCoy borrowed $2.4 to finance the acquisition.
Pason Systems has invested C$25 million to acquire a minority interest in Intelligent Wellhead Systems, a privately-owned specialist provider of surface control systems for shale, subsea intervention, critical well intervention and offshore operations. IWS’ core technology, inVision gives operators a ‘digital window’ into the pressure control stack via ‘patented, non-invasive technology’. Werklund Growth Fund also acquired an additional C$10 million of IWS equity.
Petrofac is to acquire W&W Energy Services and gain an ‘entry-level’ position in the US onshore operations and maintenance market. Petrofac is to pay an initial cash consideration of $22 million with more monies due based on W&W’s financial performance over the three-year period ended 31 December 2021.
Petrosys has acquired the Globe Claritas seismic processing software from New Zealand’s GNS Science.
Prometheus Group has acquired maintenance and safety management software house Engica.
Siemens has acquired Atlas 3D and its GPU-accelerated Sunata 3D printing software. Atlas will join Siemens Digital Industries unit and the Xcelerator software portfolio.
Siemens also announced the planned acquisition of Pixeom’s Edge technology, a Docker-based runtime and device management solution for edge devices.
SitePro has acquired Integrated Control Solutions. The combined company will address logistical challenges of fluid management operations in the oil & gas industry. The transaction was financed through a combination of a debt facility provided by J.P Morgan and SitePro’s existing shareholder group, including Cottonwood Venture Partners and several family offices.
Subsea 7 has acquired 4subsea in a 100% stock buyout. 4Subsea is to provide Subsea 7 with advanced digital solutions for life of field and field development contracts and will contribute to the ongoing digital transformation of Subsea 7’s business delivery.
Sword Group has acquired DataCo. The deal augments the Sword Venture business unit’s upstream data and information management offering.
Titan Cloud Software has acquired JMM Global. The combined company will become the ‘undisputed leader’ in compliance software and services for the downstream petroleum industry. The deal was led by Titan’s equity investor M33 Growth. Titan’s software currently monitors 50% of all US consumer gasoline throughput across some 65,000 facilities.
Universal mCloud has acquired Fulcrum Automation Technologies and Autopro Automation Consultants, signaling its entrance into process industries including oil and gas, petrochemical, and pipeline management.
Charlesbank Capital Partners unit WolfePak Software has acquired DocVue bringing a ‘comprehensive’ document and data management solution to the digital oilfield.
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