C3.ai’s IPO was popular with investors. Priced at $42, the stock opened at $100 the following day. C3.ai provides ‘enterprise AI’ to companies such as Caterpillar, Baker Hughes and Shell.
Datagration has acquired Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform for unconventional reservoirs. MPA will integrate Datagration’s PetroVisor platform, a ‘proven unconventional asset workflow’. More from Datagration.
DNV GL has acquired US-based engineering consultancy Energy and Resource Solutions, adding domain expertise and a ‘digital first’ approach to its energy management capabilities. DNV GL is also to combine its current Oil & Gas and Power & Renewables businesses into a new business area called Energy Systems.
geoLOGIC systems has acquired Houston-based SubsurfaceIO (SSIO), a provider of oil and gas cloud-based mapping and analytics solutions that connect and integrate public and proprietary data. The SSIO platform speeds data handling, cleaning and loading with a ‘unique data-agnostic micro-services architecture’. SSIO is said to be an early adopter of the OSDU standards.
Hexagon (Intergraph) has acquired PAS Global, a provider of operational technology cyber security solutions. PAS’ OT Integrity solution is deployed at ‘13 of the top 15 refining and 13 of the top 15 chemical companies’.
Following a restructuring agreement, ION Geophysical is to implement ‘certain restructuring transactions’ that will result in a refined ‘asset–light’ strategy and extend its December 2021 bond maturity by 4 years to 2025. More from Ion.
Scott, LA-based Gordon Technologies has acquired Lodestar International and its MaxWell Downhole Technology subsidiary. Lodestar provides measurement while drilling tools.
Quality Companies is acquiring the Production Management division of Expeditors & Production Services (EPS) a supplier of contract production management personnel and expertise.
Aucerna and Quorum Software are to merge and operate under the Quorum Software name. Quorum has also announced the pending acquisition of TietoEVRY’s oil and gas software business, including Energy Components (production accounting) and DaWinci (personnel and materials management). The TietoEvry deal is said to have an enterprise value of €155 million. More from Quorum.
Schlumberger New Energy, CEA* and other partners have received European Commission approval for the formation of Genvia, a clean hydrogen production technology venture. Genvia is to develop a ‘game-changing’ electrolyzer for clean hydrogen production to be deployed in a hydrogen ‘gigafactory’ at Béziers, France.
* CEA (originally the ‘commision pour l’energie atomique’) is now the French alternative energies and atomic energy commission, an R&D body with 20,000 employees.
Spectris has sold its Brüel & Kjær Vibro business to Tokyo-based NSK €180 million.
TechnipFMC is resuming its action to re-sperate into two publicly traded companies. At the same time, Bpifrance* is to invest $200 million in Technip Energies, acquiring shares from TechnipFMC and becoming a ‘long-term reference shareholder’ of Technip Energies.
* BPI France, a public-private partnership, is a ‘one stop shop for entrepreneurs’.
Stavanger-headquartered tender software specialist Xait is acquiring BlueprintCPQ, a provider of configuration, pricing and quotation software. Xait reports ‘strong growth’ from its position in the global oil and gas supply industry, with major corporations such as Honeywell, Siemens and ABB on the client list. More from Xait.
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