Smart Oil & Gas

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Events like Macondo and San Bruno have got the oil and gas industry talking about situational awareness.  According to M.R. Endsley in "Toward a Theory of Situation Awareness in Dynamic Systems" (Human Factors 37(1), 32–64, 1995), situation awareness – also referred to as situational awareness – is "the perception of elements in the environment within a volume of time and space, the comprehension of their meaning, and the projection of their status in the near future".  Situation

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IHS – Continuing to Build Out Technical Software

By Jill Feblowitz

IHS recently turned heads by announcing the acquisition of Seismic Micro-Technologies (SMT) in a $500 million cash transaction. The reason that heads were turning is that this is the largest acquisition that HIS has made and it signals a higher value than other software vendors in the industry have seen. IHS sees this acquisition as a way to add a "middle layer" to round out its offerings with the lower layer being data services (well and pipeline data), the top layer being strategic consulting (CERA, Globa

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