Emerson (NYSE: EMR) is expanding its digital portfolio with the acquisition of GeoFields Inc., a global supplier of pipeline solutions software, the St. Louis, Mo.-based company said Oct. 10.
GeoFields software enables pipeline operators to collect critical integrity data, perform risk modeling and high consequence area (HCA) risk analysis and prioritize pipeline integrity-related maintenance and asset management activities. The company is headquartered in Atlanta, with a regional office in Houston.
Emerson said it expects the acquisition of GeoFields to further its position as a “comprehensive solutions provider for pipeline operations management.” Terms of the transaction were not disclosed.
“Expanding our digital portfolio with the GeoFields software and services for pipeline integrity management enables us to bring proactive asset reliability solutions to our customers,” Mike Train, executive president of Emerson Automation Solutions, said in a statement. “By combining GeoFields with our existing Plantweb digital ecosystem offerings and maintaining our focus on innovation and consulting, we can help customers maximize the value of their investments, ensure greater regulatory compliance and reduce risk associated with costly releases and safety incidents.”
Emerson’s portfolio of pipeline solutions for the oil and gas industry includes pipeline and terminal enterprise commercial management solutions, operations management software, pipeline modeling and leak detection, SCADA systems, corrosion and erosion monitoring, valve and control solutions, flow metering and measurement technologies, according to the company press release.
Recommended Reading
E&P Highlights: Feb. 18, 2025
2025-02-18 - Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
Equinor’s Norwegian Troll Gas Field Breaks Production Record
2025-01-06 - Equinor says its 2024 North Sea production hit a new high thanks to equipment upgrades and little downtime.
E&P Highlights: Jan. 27, 2025
2025-01-27 - Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia.
E&P Highlights: Jan. 13, 2025
2025-01-13 - Here’s a roundup of the latest E&P headlines, including Chevron starting production from a platform in the Gulf of Mexico and several new products for pipelines.
Chevron Delivers First Oil from Kazakhstan Project
2025-01-24 - Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d.