IHS acquires PFC Energy

ihs_logo_mpInformation company IHS has acquired PFC Energy, a global consulting firm specialising in the oil and gas industry. Its clients are oil and gas operators, national oil companies, service companies, investors, governments and other stakeholders. The terms of the deal were not disclosed.

PFC Energy was founded in 1984 and focuses exclusively on the energy sector, covering all phases of the energy value chain, and the pfc energyassets and activities of key countries and companies. It has 130 professional staff and is based in Washington, D.C. and also maintains offices in Houston, Kuala Lumpur, Moscow, Paris, Beijing and Singapore.

“The acquisition of PFC Energy brings energy information and research depth and strengthens our presence in North America, Europe, Asia Pacific and the Middle East,” said Scott Key, IHS president and chief executive officer. “For more than 25 years, PFC Energy has built a solid reputation as an integrated information, research and advisory firm covering the oil and gas value chain. This gives us the opportunity to expand the IHS presence in high-growth markets, and to leverage the skills and expertise of regionally located research colleagues who will support the growth of critical IHS energy solutions.”

USA, Englewood, CO & Washington, DC

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IHRDC acquires petroleum training company Invincible Energy

ihrdcIHRDC, an oil and gas industry training business, has acquired Invincible Energy, a U.K.-based petroleum training and consultancy company. Invincible offers a variety of petroleum trading, marketing and risk management programs on a public basis each year at Cambridge University, Geneva and Singapore. They alsoinvincible teach these programs on a private, in-house basis for companies worldwide. The terms of the deal were not disclosed.

“We really value the design of Invincible’s programs and the quality of its instructors, which is why we decided to make this acquisition.” said Dr. David Donohue, President of IHRDC. “They have an excellent reputation for teaching the fundamentals of the oil markets with practical exercises and real time access to market data. Their unique program design is very similar to our time-tested petroleum workshops that offer the best way to internalize learning. It is a win-win for us and our many common clients!”

USA, Boston, MA & UK, Farnham, Surrey

PennWell acquires the Oil & Gas Pipeline Conference from Willbros Engineers

PennwellPennWell Corporation has acquired the Oil & Gas Pipeline Conference from Willbros Engineers and entered into an agreement with the Geospatial Information & Technology Association (GITA) to produce the annual conference and exhibition. The 22nd annual Oil & Gas Pipeline Conference will be held October 28-30, 2013 at the Royal Sonesta Hotel in Houston. Terms of the agreements with Willbros and GITA were not disclosed.

GITA founded the Oil & Gas Pipeline Conference in 1991 and developed the conference into an important technical event for the oil and gas pipeline sector. For the October 2012 Oil & Gas Pipeline Conference, GITA partnered with Willbros Engineers to conduct the event as GITA completed its transition to an all-volunteer organisation. Over 350 industry professionals attended the October 2012 Oil & Gas Pipeline Conference in Houston, which also had 55 exhibitors and sponsors. The annual event includes multiple conferences and networking sessions.

Robert F. Biolchini , president and CEO of PennWell, said, “We are enthusiastic about the opportunity to work with GITA with the goal of rapidly accelerating the growth of the Oil & Gas Pipeline Conference and we also look forward to the ongoing support of Willbros and other sponsors of the event. The pipeline and transportation sectors of the industry are experiencing phenomenal growth due to the resurgence of exploration and drilling in North America, and we intend to leverage PennWell’s publishing assets and event expertise of our editorial staff of the Oil & Gas Journal, Offshore, and Oil & Gas Financial Journal in a close collaboration with GITA to expand the conference and preserve the standard of quality in conference content established by GITA over the last 21 years.”

PennWell’s portfolio of conferences and exhibitions also includes Deep Offshore Technology (DOT), Offshore Middle East, Offshore Asia, Offshore West Africa, PetroWorld India, and Oil Sands Heavy Oil Technologies in Canada. PennWell publishes Oil & Gas Journal.

Tulsa, OK

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