A private-equity firm will become the majority shareholder in Coretrax after investing in the Aberdeen-headquartered oilfield service business.
Aberdeen-based oilfield services firm Coretrax has reported a 40% surge in its Middle Eastern business since the start of the year.
Aberdeen-headquartered Coretrax has announced it has saved a North Sea operator more than £500,000 on a well abandonment campaign.
An Aberdeen-based well clean-up firm is gearing up for further growth after a successful half-year trading with more than £5 million of turnover recorded so far.
Aberdeen-based oil field service firm Coretrax has announced a £1million investment to break into the South East Asian market.
Engineering services company Coretrax has been awarded a three-year, multimillion-pound contract with Maersk Oil.
An Aberdeen firm which makes tools for well-bore cleaning and well abandonment has announced a milestone for its CX-2 bridge plug.
An Aberdeen firm which makes tools for well-bore cleaning and well abandonment plans to create dozens of jobs in the Middle East after moving into a new office.
Aberdeen-based oilfield service firm Coretrax has taken another step in its Middle East expansion plans with the launch a fifth base in the region in four years. Coretrax said it made the move to help satisfy increasing demand for its wide range of downhole tools and services. The firm said it had retained all of its clients since it entered the Middle East market in 2011.