Energy investment experts have branded the UK Government’s Covid-19 business loan schemes “virtually inaccessible” and “worthless” to oilfield service firms.
Deep Casing Tools
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.