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WellConnection Group signs deal on first UK acquisition

WellConnection Group, a leading Norwegian inspection, maintenance and repair (IMR) company has acquired Peterhead-based Independent Oilfield Services (IOS) in a deal which marks their entrance into the UK market. WellConnection Group with bases in Stavanger, Mongstad and Hammerfest in Norway have made a strategic investment in IOS, which

How to attract the right capital for successful growth

How do you attract capital? More importantly, how do you attract the right capital for successful growth? EV PE Investment Director Espen Strøm has eight key questions you should consider if you want to successfully secure the best growth capital investor for your business. How

The oil and gas industry needs diversity, not consolidation

Oil exploration and production (E&P) firms that are trying to reduce the number of suppliers they deal with are taking a “schizophrenic” approach to business, a Norwegian investment expert said. Operators can be blinded by the apparent financial and time-saving benefits of only having to speak

Bluware teams with EV Private Equity plus E&P global leader

Bluware, a global leader in high-performance Platform-as-a-Service computing innovation, is pleased to announce a round of funding led by EV Private Equity (EV). The transaction also includes contributions from Shell Ventures, while EV’s Senior Partner Per Arne Jensen joins the team as Chairman of the

Equinor awards well construction deal to Aquaterra Energy

Aquaterra Energy, an offshore engineering solutions provider, has been selected by Equinor to deliver early well construction operations, using its Well Start solution, on the Johan Sverdrup field, offshore Norway. Aquaterra said on Tuesday that Equinor required a comprehensive solution for pre-drilling operations and a subsequent

Technology business secures investment for global growth

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

SageRider joins Madison Industries

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 completes rig-less, dual-string section-milling P&A job in GOM

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

Private equity injection to boost growth at Enpro Subsea

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