December 2014

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Energy Ventures Sells 2TD to Nabors Industries

Energy Ventures, a private equity firm dedicated to funding high-growth E&P technology companies, has successfully sold 2TD to Nabors Industries, one of the industry’s leading service companies, for $40 million USD. This sale marks the firm’s 17th successful exit from an investment portfolio that consists...

Energy Ventures Named Most Prolific E&P Technology Investor

In a report issued by Lux Research, Energy Ventures has been named the "most prolific investor in E&P technology". The report cites that new exploration and production technologies have attracted $7 billion in funding since 2003 and this activity is expected to increase as companies look...

ARKeX Commence FTG Survey in Niger Desert

ARKeX, the geophysical services provider, have commenced an airborne Full Tensor Gravity Gradiometry (FTG) survey for Savannah Petroleum, the Niger focused oil & gas company, over its R1/R2 license. The survey covers the blocks in the Agadem rift basin of South East Niger. During 2009-13 CNPC...

Zilift and Magnomatics Announce Exclusive Partnership

Zilift and Magnomatics have signed an exclusive licensing deal for artificial lift applications in the oil and gas industry. The agreement provides Zilift with exclusive access to Magnomatics’ magnet technologies across the whole downhole oil and gas sector. As a result of previous collaborations, the firms have...

Deep Casing Tools Awarded Statoil Frame Agreement

Deep Casing Tools is pleased to announce the signing of a frame agreement with Statoil Petroleum AS. The contract covers the supply of Deep Casing Tools’ revolutionary drillable casing and liner reamer technology, including its high-speed, drillable reaming system, the Turbocaser™ Express, already deployed by Statoil....

Fotech to Demonstrate DAS for Oil & Gas at Shale Gas World Europe

Fotech Solutions, the linear asset monitoring technology specialists, will be exhibiting at Shale Gas World Europe on 25th-26th November in Warsaw, Poland. Fotech will be presenting how its Distributed Acoustic Sensing (DAS) technology can help enhance the safety and efficiency of shale gas production for Oil...

International Expansion for Well Integrity Evaluation Specialist READ Cased Hole

Aberdeen-based production and integrity evaluation specialist READ Cased Hole is expanding its footprint in the international oil and gas sector through an ambitious strategy to deliver significant growth and develop innovative new solutions for its customers. The company, with a current workforce of over 40, has...

Hat-trick of Innovation Award Wins for Meta

Meta’s patented Metalmorphology technology has scooped its third Innovation Award for the year. The latest win was at the Oil & Gas UK awards, which follows winning the business excellence and the Africa oil and gas awards for Innovation. Over the past couple of years Meta...

LGO Acquires License to ARKeX FTG Survey in Trinidad

LGO has announced that it has agreed to acquire a license to a Full-Tensor Gravity Gradiometry ("FTG") airborne survey in Trinidad as a multi-client survey by ARKeX. LGO has been a major promoter of the FTG survey concept and believes the use of high resolution, high bandwidth gravity gradiometry data can...