Posts filed under ‘Joint Venture or Merger’

Invensys Acquires Skelta Software

Invensys Operations Management has acquired Skelta Software, a privately held software company headquartered in Bangalore, India. Founded in 2003, Skelta provides enterprise business process management (BPM) and advanced workflow software solutions. The Skelta BPM suite offers business process modeling and execution and includes unique, integrated capabilities for business rules management, forms management, document management and business activity monitoring. It also includes connectors to Microsoft SharePoint, BizTalk and Office.

            “This acquisition further extends our Enterprise Control System strategy,” said Sudipta Bhattacharya, President and CEO, Invensys Operations Management. “Skelta technology will enable Invensys Operations Management and our global network of ecosystem partners to deliver new, easy-to-configure workflow, collaboration and process-centric applications. This, in turn, empowers our customers and partners to be more productive and innovative.

            “Every business needs the flexibility to respond to new business challenges in real time, Bhattacharya continued. “By extending our open Wonderware System Platform and InFusion Enterprise Control System offerings, we further accelerate the development of applications that improve collaboration and workflow across people, systems and documents.”

            Skelta offerings enable customers to build powerful BPM solutions to accelerate customer deployments with a high return on investment and lower total cost of ownership. Skelta also offers prebuilt solutions, such as accounts payable, document management, and governance, risk management and compliance, to increase efficiencies and reduce costs. These offerings include advanced collaboration tools, real-time work flow processes and new application development tools, delivered and serviced by more than 80 partners, including systems integrators and valued-added resellers, who will join Invensys Operations Management’s global network of more than 3,000 ecosystem partners.

            Said Sanjay Shah, CEO of Skelta Software: “Our customers will continue to work with the same strong Skelta team and continue to receive the same excellent products and services, but now they will be backed by an industry-leading company with global capabilities, allowing us to further expand our suite of BPM software, services and solutions.”

            The business will continue to be managed by Skelta’s executive team, adding approximately 130 employees to Invensys’ operations in India.

            Skelta BPM is a completely embeddable business process management and advanced workflow framework, and like Invensys’ ArchestrA software framework, it is built on Microsoft .NET technology, making it open, extensible and scalable. The Skelta BPM software will extend the Invensys Wonderware System Platform and InFusion Enterprise Control System with new workflow capabilities that can help customers improve their process execution, standardization, quality control, regulatory compliance and environment, health and safety programs.

            Skelta BPM technology links manufacturing and infrastructure operations systems to business and departmental workflow systems, helping customers achieve better business results in real time. Personnel at every level of the operation, including quality managers and planners, can use the resulting solutions to help control their daily workflows, as well as improve demand response, issue resolution and corrective and preventive actions. For example, because it is being integrated with the InFusion ECS, Skelta technology will help make it quicker and easier for customers to initiate a production change sequence as a result of a large order or to manage workflows associated with maintenance issues, such as faster recovery from unplanned downtime. Preconfigured industrial and manufacturing-specific workflows will be built into future Invensys offerings, with the goal of reducing the cost and complexity of implementing high-value workflow solutions while driving productivity excellence.

www.skelta.com

www.invensys.com

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April 26, 2010 at 9:49 am Leave a comment

Paradigm Maximizes SKUA Performance on Intel Platforms

Paradigm, purveyor of  E&P software solutions, announced the results of its technological collaboration with Intel® Corp. The two companies jointly worked on the integration of the optimized linear algebra routines from Intel MKL into the latest version of Paradigm™ SKUA® 2009, enabling the software to take full advantage of the Intel multi-core processor architecture. This resulted in optimizing the computation time of the matrix inversion step used inside the construction of a SKUA model by a factor of up to 50 times. The announcement was made at the 2010 American Association of Petroleum Geologists (AAPG) Annual Convention and Exhibition in New Orleans.

“The computation of the SKUA UVT transform relies on solving a large system of equations representing geological constraints given by the users,” said Jean-Claude Dulac, Paradigm’s Exec. VP of Science and Technology. “Thanks to Intel’s scientific libraries optimized for Intel processors, we have a solution that will allow our customers to work with the highest degree of efficiency, maximizing their return on new multi-core equipment investments.”

This collaboration with Intel enabled Paradigm to benchmark the Intel X25E Solid State Disk versus a traditional Hard Disk Drive for Out-Of-Core models. Tests showed that Solid State Disk usage increases the speed by an additional factor of 1.4 in overall computing time.

These two combined speedups enhance the performance of SKUA 2009 by nearly two orders of magnitude, allowing customers to work on higher resolution models that produce a more accurate structural and stratigraphic representation of the subsurface.

“Working together, Paradigm and Intel were able to unleash the Intel Xeon® processor 5000 sequence-based platform, solid state disk and software technologies, and deliver substantial performance improvement for seismic data interpretation and structural modeling,” said Andrey Semin, HPC Technology Manager, Intel Software and Services Group. “This improvement will have long-term benefits for exploration and production, and the cooperation between Intel and Paradigm demonstrates our ability to solve customers’ challenges with state-of-the art platform and software technologies.”

www.pdgm.com

www.intel.com/intel/index.htm

April 14, 2010 at 1:29 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.

www.slb.com

www.igeoss.com

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.”

www.englobal.com

www.controldynamics.com

April 13, 2010 at 5:35 am 1 comment

Rigzone, Network International Partner for Equipment Sales

Rigzone, the most visited website in the upstream oil and gas industry, announced it will partner with Network International to offer Rigzone’s members a full-service option for selling equipment to the oil and gas industry via http://www.OneSiteForEquipment.com.

Houston-based Network International is a global, online marketplace for surplus energy equipment, serving more than 50,000 buyers and sellers in 60 countries through auctions, private sales, and equipment inventory analysis. The combination of Rigzone’s market reach and Network’s expertise in selling equipment worldwide provides a comprehensive service that is cost-effective and financially transparent.

Rigzone President and CEO David Kent said: “Partnering with Network International is significant, as it offers Rigzone’s procurement audience a full-service solution for marketing and selling their equipment worldwide. Recommending strategic vendors, such as Network, reinforces Rigzone’s focus as ‘your gateway to the oil & gas industry’.”

“Network is extremely strategic and careful with whom we partner, and Rigzone is the best choice,” said Boyd Heath, CEO and Chairman of Network International. “We will continue to utilize and leverage Rigzone’s platform to find quality people and to provide their members with asset management services that will maximize the return for their surplus assets.”

www.OneSiteForEquipment.com

www.rigzone.com

www.networkintl.com

April 1, 2010 at 3:08 am Leave a comment

IDS, Samit Unveil Centralizing Data System in India

IDS has signed a collaborative arrangement with Samit Enterprises to take DataNet2 to the Indian market. Samit has great experience in introducing reporting and analysis services to the upstream industry in India, having previously worked with Landmark’s flagship product, Open Wells. The company has decided, however, that the IDS business model provides the best opportunities both for Samit and for those clients across India who are ready to move away from the traditional license-per-seat arrangement and experience the advantages of the unlimited-usage, Web-delivery model offered by IDS.

DataNet2 from IDS is a suite of powerful reporting tools, based on the concept of centralizing data from drilling, geology and completions reports to be acquired, shared, viewed and delivered across the Web or via the client’s network. The system is WITSML-compliant and will become a key enabler for India’s intelligent oilfield.

Douwe Franssens, General Manager of the IDS Group, said: “We believe that DataNet2 will act as a real advance to the Indian market. For over a decade, IDS has used its expertise to make upstream reporting and analysis simple and cost-effective. We are delighted that DataNet2 will now be available across India, with the level of support that our customers expect.”

Sanjeev Mittal, Managing Director at Samit, said: “The depth of functionality of IDS’s DataNet2, combined with its delivery via the Internet, provides tremendous value to its clients in the upstream hydrocarbon industry. We are pleased to be partnering with IDS to bring this service to our clients in India.”

www.idsdatanet.com

www.samit.in

March 31, 2010 at 5:16 am Leave a comment

PetroSkills Announces New O&M JV

PetroSkills announced the startup of PetroSkills O&M, a new joint venture with the Southern Alberta Institute of Technology (SAIT). Focusing on both operations and maintenance (O&M) technicians employed in upstream, midstream and downstream roles, PetroSkills O&M offers companies a full slate of both instructor-led training and e-learning content.

Ron Hinn, Managing Director of PetroSkills O&M, described the new offering as PetroSkills’ response to “the bigger crew change” that will be occurring across operator ranks over the next decade. “The demographic changes impacting the engineering ranks within E&P represent a small percentage of the numbers that will be impacted in the operations and maintenance ranks,” Hinn said.

PetroSkills O&M currently offers competency development and competency management resources for Production Field Operations, Gas Process Operations and Drilling Operations, and efforts are now underway to build out capabilities within the Pipeline, Refinery and PetroChemical operations and maintenance disciplines.

O&M represents the fourth discipline “vertical” for PetroSkills to enter. The rigor and processes utilized to build PetroSkills’ offerings within the E&P, Facilities and HSE sectors will also be applied to O&M. This includes the use of member company subject matter experts to direct and maintain detailed competency profiles for each technician discipline. The result is an “industry shared viewpoint” of the skills or competencies required to perform successfully at a given level. Training offerings are subsequently aligned to deliver the necessary competencies.

What Is PetroSkills?

PetroSkills provides unique, competency-based training programs – not just a collection of courses. Course content is based on detailed skill and competency maps developed with input from member companies. Each discipline is fully described through these competency skill maps to ensure that professionals can identify the competencies needed at their individual level.

Competency maps are available to both individuals and companies via a Web-based Competency Analysis Tool called CAT Enterprise, which allows professionals to track their development, determine what skills they need, and create a customized plan to close learning gaps.

The member curriculum advisors and the PetroSkills Board must approve each course, ensuring practical, up-to-date, relevant training. After attending a PetroSkills course, professionals will return to their workplace and immediately apply the skills learned to create value. Both the PetroSkills coursework and the instructors are reviewed approved by the PetroSkills Board and member curriculum advisors.

www.petroskills.com

www.sait-training-solutions.com

March 31, 2010 at 4:59 am Leave a comment

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