Oil industry entrepreneur and sons launch fundraising exercise for green battery venture
Serial entrepreneur Mark Patterson is preparing to launch a "major fundraising exercise" for his new mobile green battery business.
Nautronix
Sons join family’s firm focused on low carbon
Serial entrepreneur Mark Patterson has recruited sons Harry and Philip into a fledgling family firm focused on low carbon and support for distressed businesses.
Over-capacity slows deal flow in Q3
Anderson Anderson & Brown Corporate Finance is delighted to share with you our quarterly Deals+ update for Q3 2019 in conjunction with Energy Voice, highlighting selected oil and gas mergers and acquisitions and fundraising transactions across the UK
Nautronix changes hands for second time in less than four years
Marine technology firm Nautronix has changed hands for the second time in less than four years.
New North Sea decommissioning firm to create hundreds of jobs
A group of North Sea stalwarts have set up a business which will take the sting out of subsea well decommissioning costs – and create hundreds of jobs.
Proserv books £4million loss but hails “considerable financial resources”
Oilfield services group Proserv measured the effects of the oil price downturn as it revealed a slump in revenues and profits in its most recent financial accounts.
Riverstone profits from oil and gas industry distress
Oil and gas investor Riverstone Energy Limited (REL) said yesterday it was profiting from industry distress and looking forward to taking advantage of emerging opportunities driven by lower commodity prices.
Nautronix was £1million in the red prior to Proserv takeover
Aberdeen marine technology firm Nautronix had fallen £1million into the red ahead of it being bought out by Proserv, accounts posted at Companies House have shown.
Proserv Nautronix deal is vote of confidence for subsea sector
Proserv’s acquisition of Nautronix signals a vote of confidence in the subsea sector, according to energy sector corporate finance advisors Simmons & Company International.
Proserv acquires subsea acoustics specialist Nautronix
Energy services company Proserv has acquired Aberdeen-based subsea digital accoustic specialist Nautronix for an undisclosed sum.
Nautronix unveils £25million plus contract extension
Aberdeen marine technology firm Nautronix said yesterday it had won a £25million-plus contract extension to provide survey services to Norwegian subsea company Ocean Installer for a further three years. Nautronix - represented at this week's Offshore Technology Conference in Houston - has been growing its survey services business since 2012, supporting projects on Ocean Installer vessels globally. Growth at the division has come amid significant investment in people and equipment, and it now employs about 50 workers and owns a large quantity of survey equipment.