Bosses at Deep Casing Tools (DCT) will use a cash injection of £1.6 million to bring more ground-breaking oil and gas technology to the global market.
Deep Casing Tools
North-east entrepreneur Jeanette Forbes was recognised for her significant contribution to the UK offshore energy sector in a “virtual” awards ceremony tonight.
Energy investment experts have branded the UK Government’s Covid-19 business loan schemes “virtually inaccessible” and “worthless” to oilfield service firms.
The finalists for this year’s Offshore Achievement Awards (OAA) have been announced, with record entries submitted across a number of categories.
If I were to tell you about a dynamic, innovative, global technology company that had doubled its revenues in a single year, you’d be forgiven for making several assumptions: that the technology in question was digital; that the company was based in San Francisco or Silicon Roundabout; and that we were talking about a start-up focused on a new sector like fintech, healthtech or adtech.
Oilfield technology firm Deep Casing Tools (DCT), of Aberdeen, said yesterday it had appointed a Brazil-based partner to help it win orders in South America.
French energy giant Total has said a new tool developed in Aberdeen represents a “significant opportunity” to slash its $14.3bn (£11.6bn) global decommissioning bill.
The shortlist for this year’s prestigious Oil & Gas UK Awards has been revealed today.
An Aberdeen-headquartered well technology firm said a new multimillion-pound order showed the decision to target the Middle East market was paying dividends.
A new cost-reducing, first of its kind well abandonment tool developed by Aberdeen-headquartered Deep Casing Tools has gone from concept to offshore trial with Equinor in just nine months.
A private equity investor in oil and gas technology firms has said there is a lot of “fear and uncertainty” in the mergers and acquisitions market.
Aberdeen-headquartered Deep Casing Tools has secured a £1.1m order with a major oil and gas operator in the Middle East.
An Aberdeen-headquartered oil field technology firm is hoping a new well construction tool will generate £10 million over the next 2-3 years.
The US onshore market holds massive potential for ambitious UK-based oil and gas service companies. With more than 900,000 active wells, breaking into this lucrative sector is a huge focus for E&P technology SMEs the world over.
An Aberdeen-based oil field technology firm has re-entered the Canadian market after being buoyed by a recent investment.
EV Private Equity (EVPE) said yesterday it was planning “several more” investments in North Sea oil and gas technology during the coming year.
An Aberdeen-headquartered oil field technology firm has won a new contract worth about £2.25 million to supply equipment to an unspecified operator in Saudi Arabia.
An Aberdeen-headquartered oil field technology firm has been “re-energised” after securing fresh investment worth more than £3.75 million from a private equity firm.
Deep Casing Tools has won a $4.7million tool order from an unnamed operator in the Middle East.