December 2016

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Energy Ventures and Viking Venture exit READ Cased Hole Ltd

      Read Well Services Holding AS, a portfolio company of Energy Ventures III LP and Viking Venture III, funds managed by Energy Ventures III AS and Viking Venture AS, has signed an agreement to sell their shareholding in READ Cased Hole Ltd (“RCH”)           ...

Zilift in world first as company installs, operates and retrieves ESP on live well

ABERDEEN, Scotland -- Zilift, a developer of permanent magnet technologies for artificial lift applications, has achieved a world first in the installation, operation and retrieval of a slim-line cable deployed electrical submersible pump (ESP), under live well conditions. The installation of an ESP, deployable through 3.5-in....

Energy Ventures Announces the promotion of Matt Anstead

7 December, 2016     Promotion We are pleased to announce the promotion of Matt Anstead from Investment Director to Partner. Throughout his time with Energy Ventures Matt has proven to be an exceptionally effective and knowledgeable member of our team. We congratulate Matt on his well-deserved promotion and look forward...

North Sea Decommissioning Market Forecast

North Sea Decommissioning Forecast to Blossom After Yme Removal AllSeas recent successful removal of the Yme platform was the first job completed by the Pioneering Spirit – demonstrating that the world’s first single lift vessel (SLV) was back on track after a spate of recent delays....

Energy Ventures earmarks $200 million for investment in North Sea businesses

Issue date: 3 November 2016 Energy Ventures earmarks $200 million for investment in North Sea businesses Independent private equity firm Energy Ventures has earmarked US $200 million to help boost North Sea businesses during challenging times for the oil and gas industry. The organization is looking to invest...

READ Cased Hole at ONS 2016

READ Cased Hole will be showcasing multiple technologies at ONS 2016. Click here to read more....

Deep Casing Tools Deploys First System in Iraq

Casing and completion tool specialist Deep Casing Tools has continued its Middle East expansion with a successful deployment of its unique drillable turbine technology in Iraq. The company’s 7” Turbocaser Express™ high-speed reaming system was deployed recently for a client who had experienced previous liner running...

ESIA Appoints Non-Executive Director to Strengthen Market Proposition

Energy Software Intelligence Analytics (“ESIA”), a provider of strategic business intelligence and market research services is pleased to announce the appointment of Douglas Montgomery as a non-executive director. Mr Montgomery was formerly global head of sales and an executive director for Wood Mackenzie. He worked with...