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IHS Inc. announced the acquisition of Prime Publications Ltd., which owns 50% of Lloyd’s Register-Fairplay Ltd. This makes IHS a 50-50 joint venture partner in Lloyd’s Register-Fairplay, a source of global maritime information. Lloyd’s Register, a separate entity, continues to own the remaining 50%. The cost of the acquisition was about £38 million ($75.5 million US).
BP and Rice University announced a long-term agreement to create a consortium that will advance technical learning and development in BP’s global E&P business. The consortium, led by Rice, has developed a five-year plan that will invest in research, and develop training techniques enhancing the transfer of knowledge and technical skills among BP employees worldwide. In addition to Rice, the consortium will include Baylor College of Medicine’s Center for Collaborative and Interactive Technologies in Houston and Heriot-Watt University, Imperial College and the University of Manchester in the UK.
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