AqualisBraemar has acquired Norwich, UK headquartered East Point Geo, a geoscience consultancy providing support for major oil and gas and renewables engineering projects offshore and onshore.
Bentley Systems is to acquire Seequent, ‘deepening the potential of subsurface digital twins’. Bentley’s ESG-conscious release has it that ‘Seequent’s products aren’t appreciably used in oil and gas exploration or production—which is served by its own dedicated industry of specialized geophysical software’. However, the deal does include Seequent’s oil and gas solutions including Oasis Montaj. The $1.05 billion deal was backed by investor Accel-KKR.
Caterpillar has acquired the oil and gas division of Weir Group. The unit will integrate a new company, named SPM Oil & Gas, after the Weir flagship pump brand, headquartered near Fort Worth. SMP combines Weir’s pressure pumping and pressure control portfolio with Cat engines and transmissions.
DNV GL is to combine its Oil & Gas and Power & Renewables businesses into a new business area, ‘Energy Systems’. The change reflects the ‘emerging energy future’, where renewables take a greater share of the energy mix, and decarbonization becomes a major focus. More from DNV.
In a $1.6 billion cash transaction, Emerson has acquired Open Systems International (OSI) with its Monarch operational technology software platform and Chronus ‘big data’ industrial historian. More from Emerson/OSII.
Fugro has reached a binding agreement with PXGEO Seismic Services to sell parts of its Seabed Geosolutions unit for $16 million. The deal includes Seabed’s ocean bottom node (OBN) inventory, handling equipment, related technology and order backlog. Proceeds will be used to cover the restructuring cost of winding down the remaining parts of Seabed Geosolutions.
geoLOGIC systems has acquired JWN Energy, an energy insights and intelligence provider best known for its Daily Oil Bulletin, Evaluate Energy and CanOils brands.
Hexagon has launched ‘R-evolution’, to accelerate its transition to a sustainable economy, targeting ‘profit-driven investments’ in green-tech projects where Hexagon’s technology can be applied.
Ingersoll Rand is selling a majority interest in its high pressure solutions segment to American Industrial Partners. The $300 million deal sees Ingersoll retain a 45% interest. The sale reduces Ingersoll’s revenue exposure to the upstream oil and gas market to under 2%, ‘accelerating Ingersoll’s ESG commitments’.
Total is to close its TEP-ASD* unit and run-down the activities of its test and measurement center in Artigueloutan (SW France). Total is ‘aware of the technical interest and importance that this activity can bring in the field of logging tool calibration’ and is prepared to ‘hand over’ the facility which has ISO 17025 accreditation. Interested parties can contact Total vai the TEP-ASD website. See also our 2017 announcement.
* Total E&P Alternative Subsurface Data.
Peloton is to acquire Cevian Technologies, developer of FracNet, a completions-focused software platform. FracNet is a cloud-based tool that standardizes and visualizes frack data. Cevian was spun out in 2019 from Canadian pressure pumper Trican which developed FracNet as a remote-monitoring service.
PMC Capital has acquired engineer Universal Pegasus International from Huntington Ingalls Industries. Los Angeles-headquartered PMC ‘empowers management teams to execute their business plans’.
Recon Technology has acquired a further 8% of Future Gas Station (Beijing) Technology’s share capital, bringing its stake in FGS to 51%.
Concomitant with the publication of its 2020 accounts, Shell has lodged a copy of the 2020 Annual Report with the UK Financial Conduct Authority’s National Storage Mechanism. The report and accounts can also be downloaded from Shell. For more on the FCA NSM read the FAQ.
Titan Cloud Software has acquired Environmental Monitoring Solutions (EMS), expanding its portfolio of wetstock (fuel) management solutions into markets outside the US. The deal was backed by TCS investor M33 Growth.
© Oil IT Journal - all rights reserved.