IHS Inc. (IHS) announced that it has acquired Fekete Associates, a provider of integrated reservoir management software and services to the oil and gas industry. Terms of the transaction were not disclosed.
Fekete is a provider of integrated reservoir and production engineering tools and workflow solutions to the oil and natural gas exploration and production industry. Headquartered in Calgary, Alberta, Canada and with an office in Houston, the company's digital solutions help customers find and develop new oil and gas reserves, and optimize production from new and existing assets by processing, analyzing, interpreting and modeling digital subsurface information.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.