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.
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Hunting has sold its US drilling tools subsidiary to Rival Downhole Tools in exchange for a minority stake in the Texan oilfield equipment supplier.
Private-equity backed Motive Offshore Group has snapped up fellow north-east energy service firm Flowline Specialists for an undisclosed sum.
As a technology-focused energy impact investor, EV Private Equity is committed to building innovative world-class companies. Experience has shown us that achieving that ambition requires global reach, unique insights and a strong mindset that transcends geographical and territorial boundaries.
Oil firms must seize the opportunity presented by the Covid-19 pandemic to grasp the nettle and embrace digital technology and data analysis, industry experts have said.
Mergers and acquisitions (M&A) are almost completely off the table in the oilfield services (OFS) sector, investment experts have said.
North Sea industry is facing an “existential threat” and will need quicker, simpler support from governments to overcome the price rout, an investment expert has said.
Energy investment experts have branded the UK Government’s Covid-19 business loan schemes “virtually inaccessible” and “worthless” to oilfield service firms.
Disruptive environmental protests from activists like Greta Thunberg and groups such as Extinction Rebellion have dominated the news headlines of late, and with increased government scrutiny on corporate ethics, we are seeing a clear cultural shift when it comes to environmental, social, and governance (ESG) factors.
Enpro’s acquisition by Hunting will help “supercharge” the Aberdeenshire firm’s growth, its former backers said.
Energy services group Hunting has snapped up an Aberdeenshire subsea oil and gas production technology company for £25.6 million.
North-east firm Enpro Subsea was crowned company of the year at Subsea UK’s annual awards in Aberdeen last night.
More than five years on from the onset of a crippling downturn, the “pain” endures throughout much of the supply chain, according to bosses at a private-equity backed Aberdeenshire firm.
Offshore engineering firm Aquaterra Energy is targeting the decommissioning market as it continues to rebuild its Aberdeen team.
2019 will be seen as the year in which the international offshore industry staged its comeback against the seemingly unstoppable force of US shale.
A pair of executives from Shell have been appointed as advisors to a private equity business with a portfolio of North Sea firms.
As people around the world gathered for the largest climate protest in history last month, the audience at an event in Stavanger was told there can’t be a “rational conversation on global warming before we’ve stopped screaming”.
EV Private Equity (EVPE) plans to reap the rewards of its investment in the oil and gas sector through a number of sales later this year.
EV Private Equity (EVPE) has highlighted that the image of oil and gas for society and investors is a “key concern” going forward.
EV Private Equity has signed up to United Nations-supported principles intended to create more responsible investment and sustainable markets.
Energy industry analyst Andrew Reid said he was leaving consultancy Westwood Global Energy Group (WGEG) in “exceptionally good shape” after confirming his time as chief executive had ended.
A Subsea UK event in Aberdeen next week is aimed at helping companies finance their growth ambitions.
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.
Norwegian production solutions firm FourPhase has relocated its north-east Scotland operation to a new office in Westhill, near Aberdeen.