(Source: Shutterstock.com)
Software provider Akselos has entered into a strategic enterprise agreement with Shell Information Technology International to expand Akselos’ footprint across Shell’s global enterprise portfolio, according to an Aug. 28 press release.
Under the agreement, Shell will leverage Akselos’ structural performance management (SPM) software to monitor the health and lifecycle of Shell’s critical assets in near real-time.
The agreement will extend to projects with Shell Pearl GTL in Qatar, Shell Scotford in Canada, the Bonga FPSO and various deployments in the Gulf of Mexico, the release said.
The agreement aims to make Akselos Shell’s primary SPM partner.
Since 2015, Akselos and Shell have worked together on targeted projects and most recently completed a three-year enterprise framework agreement.
"We are thrilled to join forces with Shell," said Thomas Leurent, CEO of Akselos. "Shell’s expertise in plant operations, new energy discoveries and technical know-how complements our strengths and will enable us to accelerate our growth and enhance the value we provide to our customers."
Recommended Reading
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
CEO: Breakwall Providing Capital as RBLs ‘Materially’ Decrease
2024-10-09 - Breakwall Capital is stepping in to bridge the gap from the historic days of reserve-based lending, Breakwall Managing Partner and co-CEO Jamie Brodsky said at Hart Energy's Energy Capital Conference in Dallas.
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
2024-10-02 - EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.