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Schlumberger announced the acquisition of exclusive distribution rights in the upstream oil and gas industry for the BabelFish production-integration software from ISS Group Ltd., Australia. BabelFish is a framework that enables integration of diverse data from multiple production-operation systems, field equipment and management applications. Data is logically grouped and graphically displayed to mirror an organization’s real-time operational environment. CGGVeritas’ manufacturing subsidiary Sercel has acquired Metrolog, a privately held company. Headquartered in Toulouse, France, and established in 1987, Metrolog is a provider of high-pressure, high-temperature gauges and other downhole instruments to the oil and gas industry. The company’s 2007 revenue was about $11 million. The three-year technology development cooperation agreement between StatoilHydro ASA and Weatherford has been extended to a Joint Industry Project (JIP) that includes Shell, Total and Woodside Energy Ltd.

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