Spectraseis, a Houston, Texas-based provider of microseismic fracture imaging, stimulation evaluation and seismic monitoring, has achieved a substantial speed-up (compared to CPU implementations) for processing microseismic data, using proprietary algorithms and techniques to get the most out of NVIDIA® Tesla® GPUs based on NVIDIA's Fermi architecture.

Amphora, Inc., Energy Risk’s ETRM software house of the year in 2011, today announced the addition of the Affinity Gas and Power ETRM suite to its portfolio of products.

Amphora, Inc. has added Symphony FREIGHT to its suite of software products. Symphony FREIGHT delivers charter, demurrage and voyage management, and also manages the full-life cycle of vessel contracts from negotiation to cost actualization; profit/loss; spot contract capabilities for wet/dry management; automatic cost creation functionalities; commission costs automation in different currencies; what-if scenarios and more.

Larry Denver has joined OVS Group, LLC as president. Jose N. Alvarez, founder and previous president and CEO, will remain as CEO.

Schlumberger announced today that it has acquired GEDCO, a Calgary-based provider of integrated geophysical survey design software and services. The group will become part of the WesternGeco business unit.

AVEVA on April 16 announced the commercial release of the AVEVA Laser Modeller, a 3D laser scanning software package that can reduce brownfield facility intelligent 3D modelling time by up to 50%.

Optimization Petroleum Technologies, Inc. has decided to enter the US market with its PEOffice®, an integrated suite of software that provides integrated reservoir and production analytics for independent producers after reviewing the results of a market survey.

Toronto-based Redline Communications Group Inc., a provider of broadband wireless solutions for machine-to-machine (M2M) communications, announced today the completion of the first phase and launch of a larger second phase of a major wireless project for Shell Oil joint venture Petroleum Development Oman LLC (PDO). 

Transatlantic Petroleum, an international energy company engaged in the acquisition, development, exploration and production of oil and natural gas in Turkey, Bulgaria, and Romania, has finalized its partnership with Shell for a joint seismic program in the Sivas Basin of central Turkey.