Emerson Acquires GeoFields
Emerson has acquired GeoFields, Inc., a leading global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry. 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. Terms of the acquisition were not disclosed.
The acquisition of GeoFields helps to further position Emerson as a comprehensive solutions provider for pipeline operations management. Emerson’s extensive 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.
“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,” said Mike Train, executive president of Emerson Automation Solutions. “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.”
Related News
Related News
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Kinder Morgan Declares Force Majeure on West Texas Gas Pipeline After Fire
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
- Russia's Gazprom Sees Worst Loss in Decades as European Gas Sales Collapse
- Shell Nigeria Inks $100 Million Gas Pipeline Deal with Oyo State
Comments