April 2008
News & Resources

Companies in the news

Acquisitions, mergers, ventures and other company news

Companies 
Vol. 229 No. 4

InterMoor Inc., an Acteon company, received two Safe Work Recognition awards. The company was presented with these honors based on safe practices and on no incidents or lost time while performing mooring and anchoring operations on the Transocean Marianas.

Well Control School has announced a newly accredited IWCF training facility located in Jakarta, Indonesia. This facility will offer IWCF preparation and test sessions, as well as IADC and API certification through instructor-led courses, and e-learning with System 21 interactive well-control training.

Superior Energy Services’ Marine Services Division christened its new 175-ft liftboat, the Superior Liberty, at Marine Industrial Fabrication in New Iberia, Louisiana. The vessel has modern features, technology and design unique to its class, including a 100-ton, 100-ft boom crane, more commonly seen on larger vessels, and a larger working deck and deckload. Superior owns and operates a fleet of 29 rental liftboats ranging from 145 ft to 250 ft in leg length and capable of working in water depths up to 180 ft. 

Weatherford International Ltd. has completed the acquisition of 100% of the shares of V-Tech AS, a move that adds key proprietary pipe-handling products to its tubular-running services portfolio. V-Tech AS is a Norwegian startup company providing tubular-running equipment and related services, including V-Tech UniTong, UniSlips and other proprietary equipment.

International Tubular Services (ITS) announced the relocation of its Dubai base in 2008. The regional headquarters in Dubai, which acts as an operational hub for trading throughout the Middle East and South Asia, will relocate to a new purpose-built facility on a five-acre site in Sharjah, from which it will offer a range of services including equipment inspections, rentals, sales, repair work and tailored manufacturing for customers’ equipment.

StatoilHydro and GE Oil & Gas have signed a technology cooperation agreement that establishes a formal collaborative working relationship between the two companies for the ongoing development of oil and gas technology. The joint technology cooperation will comprise projects in subsea development, efficient power generation, and environment, climate change and renewable energy.

IHS Inc. is acquiring two environmental information companies, Dolphin Software Inc. and Environmental Software Providers (ESP), for a combined purchase price of $43.5 million. This follows the company’s acquisition of EnvironMax, a supplier of environmental management information software and services. Dolphin, based in Lake Oswego, Oregon, is a leader in the evolving discipline of Total Chemical Management, which includes sustainability, supply chain greening and social responsibility. Its software allows users to record and track chemicals used and stored at their facilities. ESP, based in Mountain View, California, is a provider of enterprise information solutions to help companies manage their corporate-wide sustainability programs, including greenhouse gas management, air, water, and waste management, internal and regulatory compliance assurance incident management and management of emissions allowance and credit portfolios.

Petrosys, a provider of software systems to the petroleum E&P industry, has donated more than $1 million worth of software to the Rocky Mountain Oilfield Testing Center (RMOTC), as well as to Memorial University in St. John’s, Newfoundland, Canada. RMOTC is a 10,000-acre US Department of Energy facility located 35 mi north of Casper, Wyoming. The donation of mapping and modeling software to Memorial University will help equip one of the largest and most diverse Earth Science departments in Canada.

Roxar has donated 164 licenses of its IRAP RMS reservoir modeling software to Edinburgh-based Heriot-Watt University’s Institute of Petroleum Engineering. The software, with a commercial value of over $35 million, will be used in Phase 2 of Heriot-Watt’s Uncertainty Quantification project. IRAP RMS will run on Heriot-Watt clusters to allow thousands of reservoir models to be built and to further explore how geological modeling can reduce uncertainty and assist in history matching.

Expro has signed a letter of intent with Aker Oilfield Services Ltd to jointly market its proprietary AX-S rigless intervention technology together with Aker’s fleet of well-intervention vessels.

GE Sensing & Inspection Technologies has opened its first dedicated calibration, repair and training service center in Abu Dhabi at the CERT Technology Park. The new facility will serve all Gulf countries outside Saudi Arabia, and will offer calibration equipment for pressure and moisture sensors, particularly for the oil and gas and aerospace sectors, and will be the only resource in the region capable of calibrating GE’s range of moisture meters.

Flotek Industries, Inc., has opened its new CESI Chemical Research and Development Facility in The Woodlands, Texas. The facility was relocated to the Houston area from Denver, Colorado. Dr. Phillip Kaufman serves as VP of Research and Development of CESI Chemical, a subsidiary of Flotek Industries.

Subsea 7 and SeeByte have formed a joint project to develop the next generation of Autonomous Underwater Vehicle (AUV) for the offshore oil and gas industry. The purpose is the development of the first truly autonomous vehicle capable of both inspection and light intervention in an offshore environment. SeeByte is a software company specializing in improved awareness and robot autonomy, and Subsea 7 is a subsea engineering, construction and technology company.

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