Turbulent Flux Announces Collaboration With Sumitomo Australia Pty Ltd
Turbulent Flux, a Software-as-a-Service flow simulation company, today announced an exclusive agency agreement with Sumitomo Australia Pty Ltd (“Sumitomo Australia”).
Under this agreement, Sumitomo Australia will act as Turbulent Flux’s sales agent for FLUX Solutions in Australia and New Zealand to provide regional oil and gas operators with accurate and efficient flow insights into wells and pipelines. The portfolio of Turbulent Flux’s proprietary software products range from virtual flow metering and pipeline monitoring, to advisers assessing flow instabilities and depositions.
"Sumitomo has a keen interest in sustainable operations and environmental code of conduct. With software-driven services like those from Turbulent Flux, we have found an excellent Norwegian partner that commits to the digital transition of optimising oil and gas production lines whilst reducing financial and environmental implications,” said Siddharth Setia, Trade & Digitalisation Lead at Sumitomo Australia.
Turbulent Flux’s real-time, cloud-native software solutions are based on a unique hybrid modeling approach combining predictive capabilities of physical models with machine learning models that assist and self-adjust data over time. This assures an unprecedented level of accuracy and accessibility in the market.
“The access to quality flow rate predictions and real-time insights, is the basis for effective production optimisation. We are excited to work with Sumitomo Australia and support the Oceanian E&P companies in their operational challenges whilst creating effective dialogues and lasting relationships going forward,” said Halvard Ellingsen, CEO at Turbulent Flux.
Both companies are committed to developing and handling innovative solutions that address the needs of the global energy industry within an era of transition. Common themes include reducing operators’ flaring and chemical injection needs, as well as hydrogen and CO2 transportation.
The collaboration between Turbulent Flux and Sumitomo Australia supports the wider scaling of Turbulent Flux’s software services within the Australian and New Zealand markets. Beginning immediately, Sumitomo Australia will represent Turbulent Flux in Australia and New Zealand, with a first representation set during this year’s APPEA Conference.
About Sumitomo Australia
Sumitomo Australia Pty Ltd is a wholly owned subsidiary of Sumitomo Corporation, one of Japan’s leading global integrated trading and investment business enterprises. Since its establishment in the Oceania region in 1961, Sumitomo Australia trades in a wide range of products, provides integrated supply chain management services, and engages in investment and business development across various industries. With its accumulated knowledge and experience in the local market and Sumitomo Corporation’s strong global presence and diverse portfolio, Sumitomo Australia seeks to drive new business opportunities and bring innovation to society.
https://www.sumitomocorp.com/en/asia-oceania/sapl
About Turbulent Flux
Turbulent Flux provides real-time simulation software for flow insights for the oil & gas industry. Simulations undertaken are based on a hybrid model combining the predictive capabilities of physical models with the speed and self-correcting abilities of data analytics. We are a trusted software provider to clients around the world.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210615005075/en/
Contact information
Halvard Ellingsen
CEO, Turbulent Flux
he@turbulentflux.com
+47-98-23-03-41
Siddharth Setia
Trade & Digitalisation Lead at Sumitomo Australia
info.dx@sumitomocorp.com
+61-08-9476-5122
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
“e4life” is Present at Expomed Eurasia with its Innovative Device Able to Inactivate Flu and Covid Viruses With an Efficacy over 90%19.4.2024 17:13:00 CEST | Press release
Expomed Eurasia, the most important medical exhibition between Europe and Asia, is ready to house more than a hundred companies, to discover new technological trends and the most innovative products which are going to change deeply the health market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419226980/en/ e4life: e4ambient and e4you devices (Photo: Business Wire) This is a perfect occasion for e4life to present its device based on the e4shield technology which is able to inactivate flu and Covid viruses present in the air. A technology, patented in Italy, that uses neither chemical agents nor filtering materials, but it is based on the transmission of electromagnetic waves able to inactivate the viral load in aerosol. “This Exhibition represents an extraordinary opportunity to present our innovative technology (e4shield) in a dynamic and rapidly evolving region as Eurasia. In a climate of growing consciousness of the
Qualcomm Schedules Second Quarter Fiscal 2024 Earnings Release and Conference Call19.4.2024 15:00:00 CEST | Press release
Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company’s financial results for its second quarter fiscal 2024 on Wednesday, May 1, 2024, after the close of the market on the Company’s Investor Relations website, at https://investor.qualcomm.com/financial-information. The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K, which will be available on the SEC website at http://www.sec.gov. Qualcomm will host a conference call to discuss its second quarter fiscal 2024 results which will be broadcast live on May 1, 2024, beginning at 1:45 p.m. Pacific Time (PT) at https://investor.qualcomm.com/news-events/events. An audio replay will be available at https://investor.qualcomm.com/news-events/events and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use rese
Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer19.4.2024 14:56:00 CEST | Press release
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Francois Hardy as Chief Technology Officer (CTO). Francois will join Newmont’s Executive Leadership Team and lead the technical work across the business to improve operational performance and drive growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419973025/en/ Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer (Photo: Business Wire) Francois will take over from interim CTO, Dean Gehring, who also served in a dual role as Newmont’s Chief Integration Officer. After a period of transition, Dean will be leaving the company in early July. Francois brings more than 30 years of technical and operational experience in mining to the role. He commenced with Newmont in 2002 and has held roles including Group Head Exploration, Managing Director Africa and General Manager Tanami. “Francois is a stron
SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–202519.4.2024 12:50:00 CEST | Press release
SLB (NYSE: SLB) today announced results for the first-quarter 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240417469361/en/ The exterior of the SLB headquarters in Houston, Texas (Photo: Business Wire) First-Quarter Results (Stated in millions, except per share amounts)Three Months EndedChangeMar. 31, 2024Dec. 31, 2023Mar. 31, 2023 SequentialYear-on-yearRevenue $8,707 $8,990 $7,736 -3% 13% Income before taxes - GAAP basis $1,357 $1,433 $1,161 -5% 17% Income before taxes margin - GAAP basis 15.6% 15.9% 15.0% -35 bps 58 bps Net income attributable to SLB - GAAP basis $1,068 $1,113 $934 -4% 14% Diluted EPS - GAAP basis $0.74 $0.77 $0.65 -4% 14% Adjusted EBITDA* $2,057 $2,277 $1,788 -10% 15% Adjusted EBITDA margin* 23.6% 25.3% 23.1% -171 bps 51 bps Pretax segment operating income* $1,649 $1,868 $1,391 -12% 19% Pretax segment operating margin* 18.9% 20.8% 18.0% -184 bps 95 bps Net income attributable to SLB, excluding cha
Zayo Group Appoints New CEO of Zayo Europe19.4.2024 09:00:00 CEST | Press release
Zayo Group, a leading global provider of network infrastructure, has appointed Colman Deegan as its new CEO of Zayo Europe to drive the business’ growth as cloud and AI adoption continues across the continent. This appointment is effective as of April 16, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419471253/en/ Colman Deegan, CEO Zayo Europe (Photo: Business Wire) Steve Smith, CEO Zayo Group, says, “Colman’s experience and proven track record as a CEO leading large teams and businesses makes him perfectly equipped to take our European business to new heights, together with our outstanding local team. Colman will drive Zayo forward, strengthening our partnerships with data centres, hyperscalers, and enterprises across Europe. Under Colman’s leadership, we are confident that we will achieve our bold ambitions and maximise our impact in the European market.” Deegan spent more than two decades at Vodafone where he h