Accenture has acquired T.A. Cook, a consultancy specializing in asset performance management and capital projects for clients in capital-intensive industries and infrastructure. The team of 130 consultants, engineers, and development coaches will join Accenture’s Industry X group, strengthening its services for digitizing clients’ engineering functions, asset performance management, factory floors, project management office services and plant operations. Headquartered in Berlin, T.A. Cook also co-hosts SAP’s Oil and Gas events.
Baker Hughes’ Subsea Drilling Systems and Akastor’s MHWirth have merged into a new ‘HMH’ offshore drilling equipment company. Baker Hughes and Akastor own equal equity in the company.
CGG has completed the previously announced sale its GeoSoftware business to Topicus and Vela Software for a total cash consideration of $95 million.
Dawson Geophysical has agreed to merge with WB Acquisitions, a subsidiary of Wilks Brothers, which is to acquire Dawson’s common shares for $2.34 cash.
Presentation material from the Emerson/AspenTech merger reveals that the Geological Simulation Software (Paradigm and Roxar) business anticipates some $130 million revenue for 2022 with ‘single digit growth’. The deal also sees a shift in the geo software licensing from an annual maintenance selling model to a token-based model enabling increased software usage and products exchange. The token based recurring revenue model, features ‘annual payments in advance with annual price escalations and improved customer insight’.
Expro Group has completed its announced merger with Frank’s International, an oil services company offering a range of drilling and completions solutions and services.
ProFrac is acquiring FTS International in an all-cash transaction that values FTSI at approximately $400 million.
IronSight the Alberta-based developer of an eponymous app that streamlines and optimizes oil country field services has received funding from ARC Financial and Lifting Solutions to accelerate its scale-up and expansion into the US and global markets.
Noble Corporation and Maersk Drilling are to combine in a primarily paper-only transaction. Robert Eifler is CEO of the new ‘Noble Corporation’, headquartered in Houston.
Parker Wellbore has formed a strategic partnership with Helmerich & Payne, acquiring all of H&P’s casing-running assets. The deal makes PW the ‘sole preferred provider’ of tubular running services on H&P US land-based rigs.
ServiceMax has acquired LiquidFrameworks from Luminate Capital Partners. The deal strengthens SM’s energy-targeted field service management offering with LF’s mobile field operations management solutions.
Vertice Oil Tools has acquired most all the completions assets of Gryphon Oilfield Solutions. Vertice is backed by SCF Ventures, an early-stage investment vehicle within SCF Partners.
The US Bankruptcy Court for the Southern District of Texas has approved Seadrill’s Plan of Reorganization. Seadrill is now exiting chapter 11 having raised $350 million in new financing and reducing existing liabilities by $4.9 billion, ‘leaving employee, customer, and trade claims unaffected’. Existing shareholders see their holding decrease to 0.25%. More on the case here.
The Southwark (UK) Crown Court has imposed a total penalty of £77 million in relation to seven offences of failing to prevent former Petrofac Group employees from offering or making payments to agents in relation to projects awarded between 2012 and 2015, contrary to Section 7 of the UK Bribery Act 2010. The fine concludes the Serious Fraud Office’s investigation into the Company.
© Oil IT Journal - all rights reserved.