Services/Suppliers

July 21, 2008

Enventure International LLC,

Craig and Newberry
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Houston, has added Richard Craig and Mervyn Newberry as senior technical sales advisors to its European sales team in Aberdeen. Craig brings more than 20 years of oil and gas industry experience and will be responsible for optimizing solid expandable technology (SET) applications in Denmark and Norway. With a background focused primarily within the drilling sector with Noble Drilling Corp., Craig most recently held managerial and business development positions for a service company in its Scandinavia, Middle East, and Caspian regions. Newberry will help expand SET system applications in continental Europe and the UK. He joins Enventure from a drilling and cementing company, where he served as sales manager. With a career spanning more than 20 years, Newberry has held roles within the manufacturing and quality assurance/quality control sectors.

Enventure is the leading provider of SET solutions for the energy industry, with operations in North America, the Middle East, Asia Pacific, South America, Europe, and the Far East.

ISS Group,

Perth, has signed an agreement with Schlumberger, granting the latter exclusive rights to market ISS’s BabelFish™ product integration software to the upstream oil and gas industry for $17 million (Aus.). The agreement will leverage BabelFish alongside Schlumberger’s current technology for upstream production data management, surveillance, analysis, and modeling.

ISS Group delivers software solutions to the global energy, minerals, and manufacturing industries. Schlumberger is the world’s leading oil field services company, supplying technology, information solutions, and integrated project management to optimize reservoir performance.

Setaram Instrumentation,

Caluire, France, has appointed Gary Etherington vice-president, international sales, and marketing director. Etherington has managed Setaram Inc., the company’s US division, since July 2006, where his team has tripled North American sales. He has almost 20 years of experience in laboratory instrumentation, starting in technical support and then sales with a British analytical instrument distributor. Etherington started with Setaram in the UK as product manager, then worked in sales in the US and Britain for HEL, a manufacturer of adiabatic and reaction calorimeters. He then worked as US sales and marketing manager for Julabo, a distributor of chemical temperature control solutions, before returning to Setaram.

Setaram is a leading manufacturer and supplier of high-performance thermal analyzers, calorimeters, gas sorption, and high-pressure mass spectroscopy instruments.

Stallion Oilfield Services Ltd.,

Houston, has entered into a letter of intent to acquire the international risk management and loss prevention business of the Stirling Group, headquartered in Malta. Stirling, owned and managed by Mike Lord, is a provider of risk and facilities management solutions to the hydrocarbon industry in Africa and the Middle East. Lord, Stirling’s CEO and founder, will remain with the company as a Stallion senior vice-president.

Stallion provides wellsite support services and production and logistics services to the oil field with 2,700 employees in 57 locations.

Halliburton,

Houston, has acquired all the intellectual property and assets of Protech Centerform in Houston, Aberdeen, and Ravenna, Italy. Protech Centerform is the world’s only provider of casing centralization that uses a carbon fiber and ceramic composite compound applied directly to the casing, allowing for an enhanced cementing solution that can be engineered to any wellbore configuration.

Halliburton is one of the world’s largest providers of products and services to the energy industry.

Wright Tool Co.,

Smith
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Barberton, Ohio, has appointed Ty Smith director of business development. He will be responsible for developing and executing a structured marketing plan that connects with Wright Tool users through print media and internet marketing. Prior to joining Wright Tool, Smith served in sales and marketing in the heavy-duty truck and construction industries. Smith graduated from Walsh University in Canton, Ohio, in 2003. He is currently working towards his MBA.

Wright Tool manufactures a complete line of more than 4,000 professional-grade hand tools for the industrial, contractor, and MRO (maintenance, repair, and overhaul) markets.

Geotrace,

Houston, has appointed Darko Tufekcic geoscientific advisor to promote the company’s reservoir services in Eastern Europe. With more than 35 years of experience, he began his career with a 15-year stint at INA, an oil company based in the former Yugoslavia. Tufekcic then managed a special projects division at Western Geophysical before working as an independent consultant.

Geotrace is a leading reservoir services company providing integrated solutions to the oil and gas industry worldwide.

InterMoor Inc,

Lafayette, La., has named Lonnie Olds subsea services operations manager in its Lafayette office, where he will manage all activities related to operations and development of company products. With more than 15 years of operations experience in the oil and gas industry, Olds joins InterMoor from Expro, where he was a cased-hole operations supervisor. He also has previous operations experience with Halliburton and Schlumberger and studied electronics at Young Memorial Vocational School.

InterMoor, an Acteon company, is a leading supplier of mooring technology, providing innovative solutions for rig moves and mooring services, including engineering and design, fabrication, and subsea installation.

Hercules Offshore Inc.,

Houston, has appointed John T. Rynd CEO, president, and a director, succeeding Randall D. Stilley, who recently resigned from the same three positions. Previously, Rynd had served as executive vice-president of Hercules Offshore since July 2007. He joined the company in September 2005, serving as senior vice-president of Hercules Offshore and president of Hercules Drilling Co. LLC. Prior to that, Rynd spent 15 years at Noble Drilling Services Inc. and 10 years with Rowan Cos. Inc.

Hercules Offshore operates a fleet of 35 jack ups, 27 barge rigs, 65 liftboats, three submersible rigs, 1 platform rig, and a fleet of marine support vessels and has operations in nine countries on four continents. The company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in shallow waters.

Spectraseis,

Zurich, named Ian Vann and Bjarte Fageras to its board of directors. Vann is the former BP Group vice-president for exploration and business renewal, and Fageras is chairman of Octio Geophysical AS and CEO of Technocean AS. In November 2007, Spectraseis secured a $32.2 million investment from Warburg Pincus. Both Jeffrey Harris, a Warburg Pincus managing director, and Henry Makansi, head of Warburg Pincus’s European energy activities, sit on the Spectraseis board.

Established in 2003 in partnership with leading European universities, Spectraseis is the principal technology and service provider in the fast-emerging field of low-frequency passive seismic geophysical surveys.

Sagent Advisors Inc.,

New York, has appointed Thomas R. Rosén managing director for the firm’s energy and power team in New York. Previously, Rosén served as managing director and head of natural resources M&A at Banc of America Securities since 2000. Prior to that, he worked at Chase Securities from 1987 to 2000, where he founded and served as head of the firm’s utility and power M&A area as a managing director. Rosén received a master’s in management from the Sloan School of Management, Massachusetts Institute of Technology, and was recipient of the Hill Fellowship. He received a BS from the University of Minnesota.

Sagent Advisors is an independent, privately owned investment bank that provides advice on mergers and acquisitions, corporate financial strategy, and the raising of debt and equity capital

Halliburton,

Houston, has closed the previously announced acquisition of the 49% equity of Shell Technology Ventures Fund 1 BV in WellDynamics BV. With this transaction complete, Halliburton owns 100 percent of WellDynamics.

Founded in 2001, WellDynamics is the world’s leading provider of intelligent well completion technology. Halliburton is one of the world’s largest providers of products and services to the energy industry.

IDS,

Kuala Lumpur, has signed a pioneering agreement with Completion Services to enable the Completion String Design package to exchange data bilaterally across the web with the IDS ProNet completions reporting database. The successful data exchange and signing of the agreement means that licensed users, in any part of the world, will now be able to build, store and recall the entire completions and interventions history of their wells, from anywhere at anytime. Under the agreement, IDS and Completion Services will collaborate to provide a new release of Completion Services’ drawing package, which is embedded in the IDS ProNet web-based completions reporting service. ProNet handles both the onsite and back-end reporting requirements.

IDS provides intuitive end-to-end, web-delivered, upstream reporting services, with full support 24 hours a day, 365 days a year.

Flow-Cal Inc.,

Houston, has opened a new office in Denver. The new office is located in the downtown energy corridor and is anchored by George Barnes and Michael Perez. The Denver office will allow Flow-Cal to better support existing customers while also positioning resources for additional growth opportunities within the US Midwest and Western Canada. The focus of the new office will be to provide measurement related consulting services that are associated with implementing and operating a “corporate level” measurement application suite.

Flow-Cal is a developer of software for measurement data management for natural gas and petroleum liquids.

ARKeX,

Hall
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Cambridge, UK, has raised $30 million in the largest venture capital round in its sector in the past 5 years. The investment was led by Ferd Venture of Oslo and included existing investors Energy Ventures of Stavanger, Scottish Equity Partners of Glasgow, and members of ARKeX senior management. This is the third round of funding raised by ARKeX since 2004 and the largest venture round for a service company supplying the onshore and offshore oil and gas E&P sector since 2003. The company, led by Chief Executive Kitty Hall, will use the funds to expand the operational capabilities of its airborne BlueQube™ imaging service and to accelerate production of its proprietary technology, the Exploration Gravity Gradiometer.

ARKeX provides geophysical surveys for the oil, gas, and mineral exploration industry, using BlueQube™ gravity gradiometry technology.