BGF has taken a minority stake in Aberdeen-based oilfield technology firm isolat8 after ploughing £3.5 million into the business to support its long-term growth plans.
Peak Well Systems
Oil and gas industry downhole tool firm Peak Well Systems (PWS) is under new ownership after a takeover by US energy services giant Schlumberger.
Downhole tool specialist Peak Well Systems has appointed industry stalwart Neil Poxon as its global business development director.
Peak Well Systems has developed a tool which can confirm the minimum diameter specification of well bore tubing with the ability to cover a range of services. The company said FlexiDrift consists of a mandrel with two sets of extendable rails that can be manually extended with ease using the adjustment sleeves to the desired radius of the well tubing. When run downhole, the positioning of the extended rails provides the highest radial contact across the widest operating range of required drift sizes.