ALS Ltd moved to acquire Reservoir Group for US$533 million from SCF Partners. Reservoir’s existing senior management team has committed to continue in the business and is rolling over approximately 50% of their equity in Reservoir into ALS shares…
ALS entered into an agreement to acquire Reservoir Group for US $533 million (9.6 x Reservoir's FY2013 EBITDA). The transaction follows extensive due diligence undertaken by ALS on Reservoir as a part of an exclusive sale process. Reservoir…
ALS entered into an agreement to acquire Reservoir Group for US $533 million. Reservoir is a provider of oil and gas services and equipment that assists with the evaluation, development and optimization of oil and gas discoveries. Reservoir operates five segments: Coring…
Noble’s Gunflint find Noble Energy announced a non-commercial discovery at its second deepwater Gunflint appraisal well in the US Gulf of Mexico. The Mississippi Canyon 992 #1, located one mile west of the original discovery well, was drilled to 32…
Noble Energy announced a non-commercial hydrocarbon find at its second deepwater Gunflint appraisal well in the US Gulf of Mexico. The Mississippi Canyon 992 #1, located one mile west of the original discovery well, encountered 109 ft of net pay and was drilled to a total depth of 32…
CGG announced today that Jason, a CGG company specializing in seismic reservoir characterization software and services, has added a powerful new product, 3D Interpretation, to its reservoir characterization software suite. The new software…
Mitsubishi Heavy Industries (MHI) has received an order for two vessels capable of three-dimensional (3D) seismic data acquisition for sea bottom resource exploration from Petroleum Geo-Services ASA (PGS), a leading company in marine seismic and reservoir data acquisition…
Dan Gualtieri Energy consultants Knowledge Reservoir named Dan Gualtieri vice president of production solutions in January. Gualtieri previously worked with Baker Hughes, Halliburton, Boots & Coots and Weatherford International, where he touched upon all aspects of the oil field…
The newly released Roxar Tempest 7.0 integrated reservoir engineering software suite from Emerson Process Management is said to provide a single, consistent interface to E&P reservoir engineers. Operating alongside Emerson Roxar’s RMS, the system…
Schlumberger’s Petrel 2012 E&P software platform release is designed to strengthen integration between geophysics, geology and reservoir engineering, including systematic exploration risk assessment, pre-stack seismic workflows, and efficient reservoir simulation results analysis…
The 2012 release of the deepwater knowledge base, ReservoirKB, has been announced by global energy consulting firm Knowledge Reservoir. Hailed as ‘the most comprehensive knowledge base for exploration and appraisal geoscientists and engineers in the deepwater Gulf of Mexico region’…
Reservoir complexity and an emphasis on asset integrity have encouraged developers to refine visualization technology for oil & gas applications. OE shares details of a handful of new products that have come across our desk in recent weeks.The…
Distributed temperature sensing data is now often the first port of call when identifying production issues, not the last resort as it had been prior to the adoption of the latest user-friendly data management packages. Tendeka's Garth Naldrett explains why…
The overhaul of the reservoir model of the giant Forties oilfield – from data management to full field simulation – is described here by operator Apache North Sea’s Jeffery Pyle and Schlumberger’s Gordy Shanor.Production from the Forties field began in 1975…
With future subsea applications expected to employ a wider range of optoelectronic technologies, FMC has established a dedicated R&D group that focuses on building and expanding a wide range of integrated sensing solutions. Daniel McStay explains why…
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