American Oil and Gas Reporter - November 2022 - 84

IndustryFocus: Companies, People and Products
Veritas Signs Agreement To Buy Wood Mackenzie
JERSEY CITY, N.J.-Verisk and Veritas
Capital report they have signed a definitive
agreement under which an affiliate of
Veritas has agreed to acquire Verisk's energy
business, Wood Mackenzie, for $3.1
billion in cash consideration payable at
closing, plus future contingent consideration
of up to $200 million.
According to Verisk, Wood Mackenzie
is a globally recognized provider of quality
data, analytics and insights used to power
the energy, renewables and natural resources
industry for nearly 50 years.
Verisk says Wood Mackenzie's Lens©
platform enables world-class analytics
and insights to drive critical decisionmaking
for clients in the energy sector.
" Drawing from its decades of leaderTGS
Partners With AIFE To Offer Drill Stem Tests
HOUSTON-TGS announces it has
partnered with the American Institute
of Formation Evaluation to jointly provide
the largest analyzed library of commercial
historical drill stem tests (DSTs)
in the United States alongside TGS'
log and well data library.
AIFE's library includes 170,000 highquality,
expertly interpreted, and quality-controlled
DSTs dating to the 1930s
and collected over the past 60 years,
TGS describes. Together, TGS and AIFE
say they will deliver comprehensive
DSTs that are easy to access, now integrated
with TGS' geologic and well data.
According to the partners, these DSTs
can help companies reduce the uncertainty
of predicted reservoir properties and conditions
and uncover previously missed
investment opportunities.
Steven B Misner, AIFE's managing
ship and innovation, Wood Mackenzie is
playing a vital role at the forefront of the
global energy transition by providing essential
data and insights to organizations
across the value chain, " praises Ramzi
Musallam, Veritas' chief executive officer
and managing partner. " In partnership
with Wood Mackenzie leadership, and
with the strong backing of our strategic
investment, we have an opportunity to
enhance and expand the datasets and solutions
the company provides to its growing
customer base, from upstream producers
who are looking to decarbonize
to new energy asset managers who want
to optimize their investments. "
For more information, visit www.woodmac.com
or www.veritascapital.com. ❒
Schlumberger Rebrands
To Highlight Sustainability
HOUSTON-Schlumberger says its
new name-SLB-underscores the comdirector,
says, " After 40 years of holding
my U.S. database proprietary, it is my
pleasure to work with TGS on bringing
it to the marketplace. The comprehensive
software offered by TGS, and its exemplary
staff are my primary reasons for
doing so. I believe the pressure data offered
by TGS via AIFE will open windows
on the exploration/engineering fronts
that have yet to be recognized, which
gives me both pleasure and excitement. "
Carl Neuhaus, TGS' vice president
of well data, comments, " We are excited
about our partnership with AIFE and
believe it will allow our customers to
better understand reservoir conditions
for drilling targets. Having greater accuracy
creating regional estimates of temperature,
fluid, permeability, pressure,
or elevation of the oil water contact from
any nearby wells targeting the same
reservoir with DSTs decreases
investment risk. "
For more information,
visit TGS Well Data at
www.tgs.com/productsservices/well-data.
❒
pany's vision for a decarbonized energy
future and affirms its transformation from
the world's largest oil field services company
to a global technology company focused
on driving energy innovation for a
balanced planet.
" Today we face the world's greatest
balancing act-providing reliable, accessible
and affordable energy to meet growing
demand, while rapidly decarbonizing for
a sustainable future, " assesses Olivier Le
Peuch, SLB's chief executive officer.
" This dual challenge requires a balance
of energy affordability, energy security
and sustainability. It requires a balance
of innovation and decarbonization in the
oil and gas industry as well as clean
energy solutions. Our new identity symbolizes
SLB's commitment to moving
farther and faster in facilitating the world's
energy needs today and forging the road
ahead for the energy transition. "
The company says it has spent the last
three years laying the groundwork for its
increasing focus on low- and zero-carbon
energy technology solutions while continuing
to drive innovation, decarbonization
and performance for the oil and gas industry.
For example, in 2021, SLB recounts,
it became the first company in the energy
services industry to commit to a net-zero
target inclusive of total Scope 3 emissions
from using its technologies.
In tandem with this commitment, SLB
reports, it introduced a portfolio of Transition
Technologies™ with quantifiable,
science-based emissions reduction benefits.
As an example, SLB cites its Zero-Flaring
Well Test and Cleanup technique, which
has been used by customers to reduce up
to 80,000 tons of carbon dioxide emissions-the
equivalent of taking nearly
18,000 cars off the road for a year.
Earlier this year, the company launched
SLB End-to-end Emissions Solutions
(SEES), which it describes as a dedicated
business for eliminating methane emissions
from oil and gas operations.
For more information, visit
In collaboration with the
American Institute of Formation
Evaluation, TGS
reports it can provide the
largest library of historical
drill stem tests in the United
States.
84 THE AMERICAN OIL & GAS REPORTER
www.slb.com.
Send your
press release to
pressreleases
@aogr.com
❒
http://www.woodmac.com http://www.woodmac.com http://www.veritascapital.com http://www.tgs.com/products-services/well-data http://www.tgs.com/products-services/well-data http://www.slb.com

American Oil and Gas Reporter - November 2022

Table of Contents for the Digital Edition of American Oil and Gas Reporter - November 2022

Contents
American Oil and Gas Reporter - November 2022 - Intro
American Oil and Gas Reporter - November 2022 - Cover1
American Oil and Gas Reporter - November 2022 - Cover2
American Oil and Gas Reporter - November 2022 - Contents
American Oil and Gas Reporter - November 2022 - 4
American Oil and Gas Reporter - November 2022 - 5
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American Oil and Gas Reporter - November 2022 - Cover3
American Oil and Gas Reporter - November 2022 - Cover4
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