Paradigm signed a multi-year software license access agreement with Gazprom Group Company – LLC "Gazprom geofizika" for the software usage by Gazprom Group companies.

A survey by Microsoft and Accenture showed that Oil and gas professionals are using social media tools into their daily work on a more regular basis than they did last year.

CGGVeritas and BG Group have signed a Technology Cooperation Agreement (TCA) that focuses on the development and deployment of advanced seismic solutions across the E&P workflow.

Shell And Schlumberger announced a multi-year research technology cooperation agreement focusing on improving the recovery factor of oil and gas reservoirs and extending the life of existing oil and natural gas fields.

Austin GeoModeling (AGM) announced the latest release of its 3D Geological Interpretation software, RECON, including the new Geologic Scenario Manager, an interpretation version control utility.