Aberdeen-based energy services firm Three60 Energy has announced it will acquire fellow Scottish firms Pryme Group and Flexlife, creating a £200 million revenue business.
North Sea oil and gas industry veteran John Marsden has been recruited by two former colleagues to help with rapid growth at their young engineering services company.
Energy service company Flexlife is reaping the rewards of a greater focus on overseas work as it emerges from the dark days of the oil and gas industry downturn.
The Seanamic Group has today announced its acquisition of Flexlife, the specialists in the integrity management of flexible pipelines and umbilicals.
Energy service company Flexlife, of Aberdeen, said yesterday it was starting to reap the dividends from cost-cutting and its globalisation strategy.
A trio of companies have ended their planned merger after the parties failed to agree on terms. The deal would have created one of the largest floating LNG infrastructure companies between Flexlife LNG, Geveran and Exmar. The companies had agreed on main terms for the transaction in July this year but it was still awaiting due diligence as well as agreement on some finer details.
Peak Well Systems has developed a tool which can confirm the minimum diameter specification of well bore tubing with the ability to cover a range of services. The company said FlexiDrift consists of a mandrel with two sets of extendable rails that can be manually extended with ease using the adjustment sleeves to the desired radius of the well tubing. When run downhole, the positioning of the extended rails provides the highest radial contact across the widest operating range of required drift sizes.