American Oil and Gas Reporter - November 2023 - 84

IndustryFocus: Companies, People and Products
EV Debuts SaaS Platform To Simplify Data Analysis
HOUSTON-Downhole analytics company
EV has introduced AIVA™, a cloudbased
platform for storing, visualizing,
exploring and analyzing data about wells,
pipelines and other critical energy assets.
The company says the software will help
well operators improve productivity and
make faster and better decisions.
" One of our industry's leading challenges
today is more complex wells.
AIVA meets this challenge by allowing
teams to see and collaborate on the
widest range of accurate log data, all in
one place, " says Fraser Louden, EV's
chief executive officer. " AIVA helps operators
make faster, more reliable decisions,
increasing production and profitability.
Operators can save millions
by avoiding decision-making errors and
lost production.
" AIVA manages and safeguards data
for our customers and places it instantly
at their fingertips, wherever and whenever
they need it, " he adds.
By revealing key information about
the condition, status and performance of
wells and pipelines, AIVA supports management
and optimization decisions across
the life of users' assets, EV says. Advanced
analytics capabilities let operators view
a single instance, time-lapse, fieldwide
or global analysis. Users can effortlessly
drill down, scale up and segment their
data to reveal subsets and microtrends,
and create powerful dashboards to analyze
overall trends and inform their decisions,
EV continues.
AIVA's powerful log data visualization
tool provides synchronized 2-D and 3-D
data displays with real-time statistics that
reveal trends, EV reports. Video and
visual analytics provide a clearer perspective
with high-definition video imaging,
advanced video playback and powerful
360-degree visualizations, the company
says, noting that users can see a
continuous, depth-based image for the
complete circumference of the wellbore.
For more information, visit
www.evcam.com.
EAG Publishes Reports On Basins' M&A Activity
HOUSTON-Energy Advisors Group
(EAG) says its new Oil & Gas Basin
Perspectives Series gives industry participants
actionable intelligence regarding
oil and gas resource plays.
" These reports provide content, contrast,
and context by incorporating analysis
on merger and acquisition activity,
exploration and production operations
and capital market highlights, " details
Ronyld W. Wise, the firm's founder and
managing partner.
The Delaware Basin Perspective observes
that the industry's most active
basin is seeing increased acquisition and
divestiture activity. In fact, the $7.1 billion
in deals completed during the first half
of this year comes close to the $8.7
billion completed in all of 2022. Virtually
all this deal activity comes from smallto
mid-cap public companies on the buy
side and private equity-backed companies
exiting on the sell side, EAG relates. The
firm predicts that competitive A&D presSend
your
press release to
pressreleases
@aogr.com
84 THE AMERICAN OIL & GAS REPORTER
❒
sures will remain strong in the Delaware
as the universe of meaningful private and
private equity-backed companies shrinks.
Already-published reports in the series
cover the Eagle Ford, the Appalachian
Basin and the SCOOP/STACK, with the
Haynesville to follow. " These reports are
helpful for buyers, sellers and capital
providers as they make decisions on portfolio
rationalization, " says Brian Lidsky,
EAG's director of research.
For more information, visit www.energyadvisors.com.
❒
GTI
To Improve Protocol
For Measuring Emissions
FORT COLLINS, CO.-GTI Energy
and its Veritas Initiative partners announce
that its open-source methane emissions
measurement and verification protocols
will be updated based on insights from
testing by a diverse group of industry
partners. The updated Veritas protocols
will be finalized and published in December,
GTI details.
" The updated GTI Energy Veritas protocols
will provide industry with a critical
tool for meeting global methane pledge
goals, as well as upcoming regulatory requirements
in the United States and European
Union, " says Erin Blanton, vice president
of zero emissions systems at GTI Energy.
" Our cross-sector collaboration with Veritas
partners has been vital in our testing efforts,
giving us necessary insight into the practicality
of the protocols. Results from testing
will ultimately help us achieve our mission
to improve methane emissions measurement
technologies and rapidly scale and accelerate
methane emission reductions. "
As global commitments to cut methane
emissions increase, so has the pressure
for companies and governments to demonstrate
an immediate, transparent and standardized
approach to verifying methane
emissions inventories, GTI assesses. The
organization says Veritas has been created
to meet this industry need by providing a
science-based, technology-neutral and
measurement-informed tool for organizations
to gain confidence in their emissions
reporting, and for investors to fully realize
the potential of natural gas systems.
For more information, visit https://veritas.gti.energy.
❒
INNIO
Receives High Marks From Sustainability Analyst
JENBACH, AUSTRIA-EcoVadis
once again has acknowledged INNIO
Group for its dedication to sustainability
by awarding the company a platinum
medal, INNIO reports. The company says
this means that it and its Jenbacher, Waukesha
and myPlant product lines rank among
the top 1% of around 100,000 businesses
assessed by EcoVadis worldwide.
The platinum award from the prestigious
sustainability ratings agency recognizes
continuous improvements along
with contributions to sustainable growth,
INNO describes. INNIO reports it has
excelled by improving its score in every
area (environment, labor and human
rights, ethics, and sustainable procurement)
compared with last year.
" INNIO Group has not only maintained
its premium rating, but it also
surpassed its scores from last year, "
says Olaf Berlien, INNIO Group president
and chief executive officer. " The
EcoVadis platinum medal shows that
we are setting the right priorities in all
areas of our joint sustainability commitment
and playing our part in achieving
climate neutrality by providing innovative
energy solutions. "
For more information, please visit
www.innio.com/sustainability or
https://ecovadis.com.
❒
http://www.evcam.com http://www.energyadvisors.com https://veritas.gti.energy http://www.energyadvisors.com https://veritas.gti.energy http://www.aogr.com http://www.innio.com/sustainability https://www.ecovadis.com
American Oil and Gas Reporter - November 2023

Table of Contents for the Digital Edition of American Oil and Gas Reporter - November 2023
