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Vol. 227 No. 10 |
Lankelma Marine SI acquired Andrews Survey, Great Yarmouth, to become Lankelma Andrews. Added to Lankelma’s CPT and sampling capabilities, Andrews brings extensive experience with geophysical data acquisition, interpretation and reporting, and a significant history of high-quality multibeam surveys and precise positioning and topographic services. The new company will have bases in the UK, The Netherlands, Singapore and Azerbaijan.
Whittier Energy Corp. has acquired three oil and gas fields in Mississippi and Texas from Imperial Petroleum, Inc., for $10.6 million. The company acquired 17 operated producing wells, minor interests in four additional non-operated producing wells, and four shut-in operated wells awaiting workover.
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 On Sept. 8, 2006, IRO, Association of Dutch Suppliers in the Oil and Gas Industry, celebrated its 35th anniversary in Rotterdam. Among the speakers were Jan van der Tempel, lecturer at Delft University of Technology and Allard Everts, senior manager at Trompenaars Hampden-Turner. Keynote speaker during the anniversary celebration was Malcolm Brinded, Shell’s executive director, Exploration and Production.
Brinded highlighted achievements of the Dutch oil and gas industry to date, both in the Netherlands and globally. He stressed the need for cooperation among operators, contractors and suppliers in order to meet the industry’s growing technical and environmental challenges. He also emphasized that in a period of rapid change and increasing business pressures, an even closer focus on safety was essential.
At the end of the afternoon program, the IRO Award of Excellence was presented to Joop Roodenburg, managing director of Huisman-Itrec. This was the first time the award was handed out, and it will be presented every five years to a person who has had a very innovative attitude toward the development of products and industrial activities in the Netherlands oil and gas industry.
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Roxar AS has acquired Energy Scitech Ltd, an independent consultancy. This is the first acquisition that Roxar has completed since it was acquired by investment firm Arcapita Bank. Energy Scitech, based in Guildford, England, is a privately owned consultancy and software development company specializing in oil and gas. Its history-matching and uncertainty-estimation software product, called EnAble, will now work alongside Roxar’s reservoir modeling application, IRAP RMS, and reservoir simulation tool, Tempest, to examine and history-match numerous geological scenarios to create simulation models. Roxar will also partner with HP in adopting HP’s Message Passing Interface (MPI) software to run Tempest on. Through HP MPI, the software will have parallel processing capabilities, with users able to run the simulation on multiple CPU workstations, servers and clusters, and handle a larger number of grid blocks. Users will be able to simulate more realizations of the same problem, improving prediction uncertainty.
Petris Technology, Inc., established a strategic alliance with EPIS, a provider of information solutions to the Chinese market for oil and gas decision-making. This alliance will focus the geoscience, integration and IT technology expertise of EPIS to market the full suite of Petris products and services in China. Founded in 1994, Petris provides real-world IT-based solutions for energy clients, leveraging its expertise in data management, application hosting and geospatial information systems (GIS).
National Healthcare Technology, Inc. has agreed to acquire 100% of Castle Oil and Gas LLC, a Denver, Colo.-based independent. The new entity will be named Brighton Oil Inc. Castle is in the final stages of closing a lease in Hutchinson County, Texas, which comprises over 5,700 acres with 85 producing oil and gas wells. Total cost of the Castle purchase is about $2 million.
The Oilgear Company has signed a merger agreement to be acquired by Mason Wells Buyout Fund II, an affiliate of the Milwaukee-based private equity firm Mason Wells. Under the terms of the agreement, each outstanding share of Oilgear’s common stock will be converted into a right to receive $15.25 in cash. Oilgear has 2,039,034 shares of common stock outstanding. The proposed merger is expected to be completed by the end of 2006.
Dutch oilfield services company Fugro N.V. has acquired Rovtech Ltd of Aberdeen for £34.5 million ($64.8 million). Rovtech Ltd. provides ROV (remotely operated vehicle) services to the oil and gas industry, specializing in the inspection, repair and maintenance (IRM) and rig support sector. Rovtech operates 34 ROVs in the North Sea, the Caspian Sea and in Southeast Asia, and the inspection vessel Highland Eagle in the North Sea.
Blade Energy Partners has joined the PetroSkills technical training alliance. Philip Frink, VP of Blade Energy, will take over responsibilities as discipline manager for PetroSkills’ Well Construction curriculum network, and will also be working with member company representatives to further enhance its Well Construction/ Drilling courses. This strategic alliance will provide both oilfield E&P and facilities training courses, technology transfer, and related competency analysis and development tools.
Geotrace will acquire Tigress Geosciences, based in Marlow, England. Tigress is a provider of subsurface data integration software. Tigress is installed in over 45 countries on six continents and provides the exploration and production industry with an integrated workflow solution.
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