Technology business secures investment for global growth Fresh investment of $5m+ underpins growth strategy and technology development New management team focused on delivering value for customers Early success with significant Middle East NOC contract An Aberdeen-headquartered casing and completion technology business has secured new investment from...
Oil & Gas technology and information services leader SageRider, Inc. has joined the Madison Energy vertical of Madison Industries. Founded in 2008, SageRider serves its customers from offices throughout the USA, Argentina, and Colombia. SageRider specializes in subsurface surveillance technology, complete with pressure/temperature sensor systems, fiber...
Abrado announced that it has completed the first well in a multi-well P&A campaign for an independent GOM operator, using its proprietary Medusa expandable casing section-milling technology. Work on the multi-well campaign for the GOM operator began in January 2018. The scope of work included dual-string casing-section milling...
Enpro Subsea has secured investment from EV Private Equity (EV) to grow its production optimisation business into new and existing international markets and further develop the range of production optimisation and intervention technologies. The Aberdeen-headquartered subsea company has grown its product portfolio and client base rapidly...
Halfwave has been awarded a contract to design and build 48” ART Scan® in-line inspection tools for Nord Stream 2. The ART Scan® tools will be used to inspect the 48” twin gas pipelines in the Nord Stream 2 project. The length of each of...
Fotech is pleased to announce today a new technical partnership with Sercel, the market leader in seismic data acquisition equipment. The partnership will see Fotech’s pioneering Distributed Acoustic Sensor (DAS) monitoring technology integrated with Sercel’s seismic tools and software. The combined solution significantly enhances subsurface seismic...
Ashmin, founded in 2003 by Doc Gunther, a respected engineer of downhole drilling tools, announced the completion of an investment of $15,000,000 from EV Private Equity into Ashmin and its sister company Workover Solutions. The funds will be primarily used to accelerate broad commercialization of...
Senior Partners in EV Private Equity, Rune Jensen and Per Arne Jensen, who established the Norwegian Private Equity fund manager Progressus in 2006, sold the Progressus portfolio company Viju to the Dutch-German Private Equity firm Avedon Capital Partners. Under Progressus active stewardship Viju has grown its revenues...
Halfwave is pleased to announce the award by INPEX Australia of a long-term contract for multiple in-line inspections. The scope of work includes a custom built 42” Acoustic Resonance Technology (ART) Scan™ by Halfwave to inspect the subsea pipeline that requires a low flow subsea...
EV Private Equity has invested in Evolution Engineering Inc. Financial terms weren’t announced. Evolution Engineering, of Calgary, provides products and engineering services to the measurement while drilling market. PRESS RELEASE Evolution Engineering Inc. (“Evolution” or “the Company”) today announced the completion of an investment from EV Private...