Software

Texas A&M University’s (A&M) petroleum engineering school is partnering with Houston-based software firm Tachyus to enhance access for students to cutting-edge technology such as machine learning and predictive modeling.  “Our platform aims to be a tool that allows students, early on, to become accustomed to modeling and optimization software so that upon entering the workforce…

The investment arm of BP plc is taking a $20 million bet on a California-based artificial intelligence (AI) and cognitive computing company to enable transferring industrial-grade software now used in deep space exploration to the oil and gas sector.

Drillinginfo, a software-as-a-service, or SaaS analytics provider for the oil and gas industry, is allying with software platform provider MineralSoft to expand mineral rights management offerings. The joint venture would allow the Austin, TX-based companies to analyze for mineral owners in real time computer mapping, royalties, revenue, expense, volume data and investment performance. No financial details were disclosed. Drillinginfo in 2016 acquired GlobalView Software and its flagship product MarketView, which allows prices to be monitored while trading. It also in 2016 bought production forecasting assets from Ponderosa Energy, a division of Ponderosa Advisors LLC. In January Drillinginfo also launched a suite of oilfield services software to improve real-time interaction between rig and permit reports.

A “strong performance” in North America and overseas failed to offset declines in product and software sales for leading oilfield services provider Schlumberger Ltd., which on Friday reported 1Q2010 earnings down 28% from the year-ago period.

A “strong performance” in North America and overseas failed to offset declines in product and software sales for leading oilfield services provider Schlumberger Ltd., which on Friday reported 1Q2010 earnings down 28% from the year-ago period.

Energy software developer Allegro Development Inc. said Tuesday that Suncor Energy Marketing Inc. (SEMI), a subsidiary of Calgary-based Suncor Energy Inc., has successfully completed the implementation of Allegro v. 7.0. for its natural gas marketing operations. SEMI, which began its search for a comprehensive, multi-commodity energy marketing system with integrated risk management capabilities last year, said it selected Allegro after a competitive and rigorous selection process. “The company’s decision to bring our marketing operation back in house created an immediate need for an integrated, multi-commodity management system that could support our natural gas marketing operations,” said Mr. Dale Hansen, project director for SEMI. SEMI said the implementation of Allegro for its natural gas marketing operations took four months to complete and the company went live in October 2003. “The project went well coming in on time and budget for the required scope,” added Hansen. “Early indications are that the system has been accepted well by our users and is delivering what we required.”

Excelergy, a Boston, MA-based energy software solutions company,has agreed to provide web-based billing and customer servicesystems to Boston Gas and two other gas distribution subsidiariesof Eastern Enterprises. In an announcement made yesterday, BostonGas and Excelergy said the new systems will provide better supportfor customers and prepare the utilities for the upcoming transitionto deregulation. Financial terms of the transactions were notdisclosed. Boston Gas said a final installation date has not beenset.

Thanks to an agreement announced yesterday with the softwaresolutions company Excelergy, Southern California Gas Co. (SoCalGas)will expand its energy e-commerce Web site, Energymarketplace.com,to all states that have customer choice programs. The site hadpreviously emphasized the West Coast. While SoCalGas will continueto sponsor the site, Excelergy has assumed development, marketingand sales responsibilities.

TransEnergy Management and SABRE Energy Network will interfacetheir respective software products. Under the agreement, users willhave the ability to submit pipeline nominations and to receiveconfirmations through TransEnergy’s Energy Marketing Systemelectronically using SABRE Energy’s SEN*Net product. SEN*Net is astandardized alternative to the numerous pipeline electronicbulletin boards (EBBs) through which most nominations andconfirmations for gas transactions are now made.