Energy consultancy firm Xodus has acquired Houston-based data interpretation consultancy Ocean Geo Solutions (OGS), expanding its presence in the global market and adding capabilities in geophysical data processing, interpretation and reporting.
OGS assesses seabed and subsurface conditions for hazards ahead of deep-water drilling operations and the installation of pipelines, cables and structures, providing its specialist services to oil and gas operators and offshore wind developers. OGS is well established in the region with 80% of its work sourced from Houston-based clients while approximately half of the total projects from outside North America.
The company's current workforce, including geophysicists, cartographers and support staff will continue to operate out of its Houston office. This includes managers and former owners, Michael Pentland and Andrew Haigh, who bring more than 70 years of combined experience to Xodus, the company announced in a press release on Oct. 5.
Xodus currently has offices in Houston and Boston. The OGS deal marks an important step in growing the company’s capabilities and services in the Gulf of Mexico with further plans to increase head count in the region over the coming months.
“The acquisition fits with our ambitions to have sustainable presence in Houston and will enable us to better support our clients from the start of their projects," said Von Thompson, vice president for Gulf of Mexico with Xodus.
"Given the company’s technical experts early involvement in projects, the deal allows us to enhance our current services and acquire intelligence to allow us to better support our clients."
“We are excited to become a part of the Xodus team and benefit from the wide range of expertise to support our clients on their journey," added Michael Pentland, OGS director of services. “We can provide asset owners and operators with the right data and insight to ensure the success of their infrastructure and design projects for offshore wind power plants. There is synergy between our experts and Xodus’ capabilities, which will further enable us to deliver quality services to an ever-growing number of clients.”
2023-12-01 - The oil and gas rig count, an early indicator of future output, rose three to 625 in the week to Dec. 1.
2023-11-28 - Downhole components are also increasingly coping with higher pressure and temperature conditions and handling more zones than ever.
2023-11-28 - In this week's episode of Tech Trends with Hart Energy LIVE, learn how Baker Hughes uses sound to redefine the well construction process.
2023-11-27 - Suncor Energy has restarted the Terra Nova FPSO with production expected to ramp up in the coming months.
2023-11-27 - Here’s a roundup of the latest E&P headlines, including contract awards and BSEE’s report on the May 2021 fatality in Eugene Island Block 158 in the Gulf of Mexico.