Smart Oil & Gas

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On Monday, February 22, Schlumberger announced plans to acquire Smith International Inc. in a stock-for-stock transaction worth an estimated $11 billion.


Shell and IBM - A Competitive Edge?

By Catherine Madden – 2 Comments

On Friday, IBM announced a research collaboration with Shell that will support improved and more cost effective reservoir modeling. The collaboration will focus on developing and implementing advanced techniques for reconciling geophysical and reservoir engineering field data. IBM indicated that the strategic partnership was not about two companies joining forces to discover the unknown, but to apply the capabilities of IBM and Shell to improve reservoir modeling, which Shell would then fold into their prop

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