Sunday, 31st July 2011
Energy is big business and news. The last couple of years have seen heated discussions over drilling rights in the Arctic Region with Canada, Finland, Russia, USA, Norway, Sweden and Iceland all looking for a piece of this pristine and energy rich real estate.
Knowing where oil and gas are deposited is only a part of the success equation. The economics of extraction and production, such as the UK Morecambe Bay gas field, also play a large part.
As I mentioned in a recent LiveWire report, the energy sector is a growing spending market according to Barclays and as such I am not surprised to see more acquisitions of geophysical energy products and companies.
As Jan Knight wrote about last week, IHS Inc., a leading global source of information and analysis, announced that it has signed a definitive agreement to acquire Seismic Micro-Technology (SMT), a market leader for geoscience software. IHS Inc. offer information and analysis across many business sectors. They provide a solution driven service to help their customers make important decisions daily. The $500 million cash transaction is the largest acquisition in IHS history, and that says a lot about the value of the information products SMT can bring to the table.
SMT bring windows-based geoscience interpretation tools for exploration, collaboration and decision-making. The products help with workflow management and sharing with collaborators onsite and offsite in a high risk venture sector. It also provides integrated solutions for the management of assets for clients and partners.
The real gem is SMT’s seismic interpretation platform – KINGDOM. This will extend the global reach of the product at present, but give IHS Inc. a very useful addition to its information arsenal in their energy sector offerings to clients.
Document the value chain, and transform the way you think about, manage and report on your product portfolio and your information service contributions to your organisation goals.
Focus on Value Chain
Risk assessment is a required process for a healthy information department. It gauges the ability of your services, team, portfolio and overall value to withstand stress.
Focus on Risk Assessment
Sorry, there seems to be a problem with Webinar and Community listings. Please let us know, by email to firstname.lastname@example.org. Thank you.
Our proven processes, resources and guidance will help your team make the shift from transaction centre to strategic asset.
Designed around the most common challenges and pain points for time- and resource-strapped information teams
Supercharge remote productivity and value
Holistic content portfolio management
Future-proof your information service
A tailored overview of our research and active discussion with your Jinfo analyst.
Measure your starting point to articulate your strengths and set priorities for future improvements. Assessments gauge risk, capacity, value and more.
Read case studies, and start the conversation:
Connect your team with the practical tools, original research and expertise to build and support information strategy in your organisation.
A Jinfo Subscription gives access to all Content (articles, reports, webinars) and Community.