Archive for April 13, 2010

EnergyIQ Updates Loader with OpenSpirit Integration

EnergyIQ has released their OpenSpirit-enabled EIQ Loader 2.0, allowing oil companies to read data from the IHS EnerdeqML Domestic data feed, and write it to any OpenSpirit-enabled data store. EnergyIQ joined the OpenSpirit Partner Program in October 2009.

“We worked with OpenSpirit and IHS to develop an application that loads data from an IHS Web Services Domestic XML feed into the variety of data stores supported by the OpenSpirit framework,” said Steve Cooper, President of EnergyIQ. “The EIQ Loader is our flagship product, and ensures that commercial E&P data is loaded and updated in a consistent and timely fashion, providing broader and faster access to the available data, thereby ensuring consistency across diverse data stores.

OpenSpirit connectivity extends EIQ Loader beyond PPDM to include other industry databases such as KINGDOM, OpenWorks, Petra, GeoFrame, Finder, and Recall, enabling oil companies to more easily keep date vendor data current in their project database of choice.

With EIQ Loader 2.0 Enterprise, you can perform both base loads and scheduled updates of the IHS Domestic XML feeds to any OpenSpirit-enabled data store. This can be set up for a specific geographic area of interest or across your entire subscription of data. With EIQ Loader 2.0 Desktop, users can receive an area of interest from OpenSpirit-enabled applications (including ArcMap, ArcGIS Explorer, and Web maps) and interactively query the IHS Web service to pull across all relevant data directly into their project database. The data is immediately available for new analysis and project work in their OpenSpirit-enabled tool of choice.

“We are excited about the release of EIQ Loader 2.0. It is an entirely new style of OpenSpirit integration, enabling Internet-based Web services delivery of data immediately into the desktop environment via OpenSpirit services,” said Brian Boulmay, OpenSpirit Director of Business Partners. “This is an innovative example of leveraging internal and external services to streamline access to data and accelerate your projects.”


April 13, 2010 at 5:47 am Leave a comment

Schlumberger Acquires IGEOSS

Schlumberger announced the acquisition of IGEOSS, a developer of cutting-edge structural geology software headquartered in Montpellier, France. IGEOSS develops geomechanical solutions for subsurface modeling, 2D and 3D structural restoration and fracture characterization of complex geologic structures. The IGEOSS applications and expertise will be integrated with Schlumberger’s software to advance customers’ modeling capabilities, particularly in areas with complex geology.

“Recognizing that our clients are exploring and developing in increasingly complicated geologic settings, the IGEOSS software will – in combination with the industry-leading Petrel* and PetroMod* technologies – enable geoscientists to gain the best possible understanding of the complete petroleum system throughout their exploration, development and production workflows,” said Tony Bowman, president, Schlumberger Information Solutions (SIS).

Laurent Maerten, co-founder and president of IGEOSS, added: “Geomechanics and structural restoration have traditionally been in the hands of the specialist. By incorporating these technologies into the SIS offerings, a broader community of geoscientists will have access to these capabilities to help them solve the difficult challenges they’re encountering today.”

The IGEOSS capabilities will be embedded in the Petrel software to help geoscientists better understand fractured reservoirs and the impact of stress regimes over time, particularly in subsalt, compressional and shale gas plays.

April 13, 2010 at 5:42 am Leave a comment

ENGlobal Expands Upstream Services with CDI Acquisition

ENGlobal Corp. announced that ENGlobal’s Automation segment has acquired selected assets of Control Dynamics International LP (CDI), a privately held automation firm based in Houston. CDI designs and manufactures industrial automation control systems primarily for the upstream energy industry and has annual revenues of approximately $5 million.

Under terms of the agreement, ENGlobal will not assume any CDI debt, nor will it be required to issue any stock as consideration for the acquired assets. The transaction is expected to be immediately accretive. Certain key members of CDI’s management team have entered into employment agreements with ENGlobal. Further terms of the transaction were not disclosed.

The acquisition gives ENGlobal a strategic entry into the upstream energy sector. CDI offers certain proprietary products, such as the Dolphin™ Universal Master Control Station (MCS), which can be quickly configured to most subsea control projects. CDI also has expertise in blowout preventer control systems, supervisory control and data acquisition systems (SCADA), and Floating Production Storage and Offloading (FPSO) turret override protection systems. For efficiencies, ENGlobal plans to relocate its Automation personnel from its North Houston headquarters to CDI’s 24,000-sq-ft facility nearby.

“Much of our current project work is in the upstream sector, which makes CDI a natural fit with ENGlobal’s suite of services,” said Anthony George, CEO of CDI. “ENGlobal’s financial resources should provide us with larger projects and cross-selling opportunities, thus spurring our growth. We strongly believe that our clients will greatly benefit from our combined capabilities.”

Shelly Leedy, President of ENGlobal Automation Group, added: “This transaction presents tremendous synergies to both companies and expands ENGlobal’s market presence into the upstream vertical. Our combined operations offer a portfolio of high-value engineering and related project services to a very broad spectrum of the energy industry. I look forward to integrating CDI into our existing operations and, on behalf of TEAM ENGlobal, we welcome CDI’s dedicated employees to our family.”

April 13, 2010 at 5:35 am 1 comment

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