Fresh investment of £1.6m secured at Deep Casing Tools
Bosses at Deep Casing Tools (DCT) will use a cash injection of £1.6 million to bring more ground-breaking oil and gas technology to the global market.
Deep Casing Tools
Leading entrepreneur honoured at ‘virtual’ Offshore Achievement Awards
North-east entrepreneur Jeanette Forbes was recognised for her significant contribution to the UK offshore energy sector in a “virtual” awards ceremony tonight.
Private equity firms slam ‘inaccessible and worthless’ Covid-19 loan schemes
Energy investment experts have branded the UK Government’s Covid-19 business loan schemes “virtually inaccessible” and “worthless” to oilfield service firms.
Finalists announced for the 34th Offshore Achievement Awards
The finalists for this year’s Offshore Achievement Awards (OAA) have been announced, with record entries submitted across a number of categories.
Driller Thriller
If I were to tell you about a dynamic, innovative, global technology company that had doubled its revenues in a single year, you’d be forgiven for making several assumptions: that the technology in question was digital; that the company was based in San Francisco or Silicon Roundabout; and that we were talking about a start-up focused on a new sector like fintech, healthtech or adtech.
Brazil-based partner chosen for Deep Casing Tools
Oilfield technology firm Deep Casing Tools (DCT), of Aberdeen, said yesterday it had appointed a Brazil-based partner to help it win orders in South America.
Total aims to cut £11.6bn decom bill with Aberdeen-developed tool
French energy giant Total has said a new tool developed in Aberdeen represents a “significant opportunity” to slash its $14.3bn (£11.6bn) global decommissioning bill.
OGUK Awards finalists revealed
The shortlist for this year’s prestigious Oil & Gas UK Awards has been revealed today.
Deep Casing Tools bags new £2.4m order in Middle East
An Aberdeen-headquartered well technology firm said a new multimillion-pound order showed the decision to target the Middle East market was paying dividends.
Industry first casing cement breaker proven in Equinor P&A trial
A new cost-reducing, first of its kind well abandonment tool developed by Aberdeen-headquartered Deep Casing Tools has gone from concept to offshore trial with Equinor in just nine months.
North Sea oil technology investor feels ‘positive vibes’
A private equity investor in oil and gas technology firms has said there is a lot of “fear and uncertainty” in the mergers and acquisitions market.
Deep Casing Tools secures £1.1m order in Middle East, makes key appointments
Aberdeen-headquartered Deep Casing Tools has secured a £1.1m order with a major oil and gas operator in the Middle East.
Aberdeen firm eyes £10m of income from new tool
An Aberdeen-headquartered oil field technology firm is hoping a new well construction tool will generate £10 million over the next 2-3 years.
OPINION: Breaking ground in the US
The US onshore market holds massive potential for ambitious UK-based oil and gas service companies. With more than 900,000 active wells, breaking into this lucrative sector is a huge focus for E&P technology SMEs the world over.
Deep Casing Tools re-enters Canada after private equity boost
An Aberdeen-based oil field technology firm has re-entered the Canadian market after being buoyed by a recent investment.
Rallying North Sea focus of equity firm
EV Private Equity (EVPE) said yesterday it was planning “several more” investments in North Sea oil and gas technology during the coming year.
Deep Casing Tools nets £2.25m Middle East deal, hires new regional manager
An Aberdeen-headquartered oil field technology firm has won a new contract worth about £2.25 million to supply equipment to an unspecified operator in Saudi Arabia.
Deep Casing Tools wins £3.75m injection
An Aberdeen-headquartered oil field technology firm has been “re-energised” after securing fresh investment worth more than £3.75 million from a private equity firm.
Deep Casing Tools wins $4.7million Middle East contract
Deep Casing Tools has won a $4.7million tool order from an unnamed operator in the Middle East.