Company
Enteq Technologies PLC
LON:NTQ
Enteq Technologies PLC develops and provides downhole electronics for the energy sector. The company products has an established track-record for high quality and are operated and supported around the world.
55 stories
Enteq Technologies says SABER successfully completes hard rock test
Enteq can now move SABER to the next stage of testing in America
Enteq Technologies lifts full-year earnings and prepares SABER for launch
The core existing MWD customer base will be the initial target market for SABER
Enteq Technologies onto a potential game-changer, says broker
SABER has significant growth potential, with the “scope to transform the group’s valuation.”
Enteq revenues top forecasts as rig count recovers
The North American active rig count steadily increased throughout the year to approximately 670
Enteq Technologies continuing to benefit from increased drilling activity
Meanwhile, the SABER drilling system’s field-testing and development programme has continued to progress and develop.
Enteq recovery appeal highlighted as oil markets pick up
“The outlook highlights recovering markets with the improving US$2mln order book giving confidence the company can achieve FY expectations.”
Enteq Technologies says well placed to commercialise SABER
"Enteq's game-changing SABER has the potential to significantly increase Enteq's addressable market,” Andrew Law said
Enteq Technologies expands product lines via distribution deals with two technology providers
Based in Houston, Texas, Enteq supplies some of the sophisticated engineering and electronic products used by the oil and gas industry
Enteq Technologies highlights field trial successes for SABER
Ongoing testing in the field is validating the product and backs up the group's commercial plans.
ENTEQ Upstream sees progress with SABER as US customer base recovers with rising oil prices
"We are pleased to see initial recovery of our customer base in North America," said Andrew Law.
Enteq Upstream says it remains well positioned now and for future
Chief executive Andrew Laws described cautious optimism in the company's short and medium-term outlook.
Enteq Upstream lands new rental contract with existing client
“This contract award is yet further confirmation that Enteq continues to provide commercially effective solutions and dependable technologies to our customers, the independent directional drilling companies," said chief executive Andrew Law
Enteq Upstream says trading in line, wins repeat orders as oil price recovers
The recent product launch of Enteq’s SABER tool, which will enable Enteq enter the rotary steerable drilling service market, resulted in a significant level of enquiries for further technical information, Enteq revealed.
Enteq Upstream launches SABER as ‘disruptive’ alternative to RSS drilling tools
“The SABER tool will prove to be a more accurate, agile and cost-effective alternative to existing RSS offerings,” chief executive Martin Perry said.
Enteq Upstream makes key hire to advance new product launch
“We know we have something special here, and Neil and his team are the right people to build that out into something that represents a real step-change in the market," said chief executive Martin Perry
Enteq Upstream sees growth in China and Middle East, and the US market is recovering
The company designs and produces high-end robust measurement while drilling (MWD) systems and associated components
Archive
Oil price, VOG, Enteq. And finally…
Oil did rise yesterday but had been a lot higher, I noted at one stage that Brent had touched $45 in the afternoon. The mixed views were plentiful as always the case when the three reporting agencies report and we had both the EIA and Opec
Enteq results highlight stability whilst adapting to challenging markets
Growth internationally and the promise of demand-boosting technology provide positivity for the specialist services firm
Enteq Upstream highlights trading recovery as overseas business wins boost revenues
Business outside North America will account for around 75% of revenue for the first half of the financial year.
Enteq Upstream lands Saudi order for new product
"The Sawafi partnership in Saudi Arabia has the potential to add significant strategic value to our business,” said chief executive Martin Perry
Enteq Upstream teams up with Black Gold Research
Together they are working on technology to assist drilling and geosteering.
Enteq Upsteam increases revenues as international sales offset US shale
Growth outside of the US, especially in China and Saudi Arabia, helped offset the weak US market
Enteq Upstream floats higher on contract win
The deal covers Enteq’s core Measurement While Drilling technology in combination with an ‘At Bit’ product jointly developed with and supplied by collaboration partner Well Resolutions Technology
Enteq Upstream says financial results will be in-line with expectations, details response to coronavirus impacts
Results for last year are seen "broadly in-line" and whilst, in the present period, there's been a significant impact on US shale operators, the company has also taken its own steps to cut costs
Enteq Upstream appoints new non-executive director
The group said Neil Hartley brings extensive private equity experience to its board
Enteq Upstream granted UK patent for PowerHop technology
The oilfield services firm has also lodged a patent application for DrillLink, a system which allows data to be transmitted between ‘down hole’ tools and the surface during drilling
Enteq Upstream confirms expectation beating first half revenue and earnings
“Investment continues to be made into both new technology and strategic opportunities with the recent exclusive technology agreement with Shell significantly broadening the potential for Enteq"
Proactive oil and gas weekly highlights: ADES International, Hurricane Energy, Europa Oil & Gas
A look back at the main events in the oil and gas sector we reported on this week
Enteq Upstream highlights China and Shell deal as it says first half will beat expectations
Revenue and earnings (EBITDA) will likely be ahead of management expectations for the first half, Enteq highlighted ahead of today's AGM.
Enteq Upstream licences Shell's directional drilling prototype
Rotary systems, which provide directional control with continuous rotation, are becoming the go-to for drilling of oil, gas and geothermal wells
Archive
Proactive Oil & Gas highlights: Eco Atlantic, Echo Energy, Anglo African Oil & Gas ...
It was a quieter week in the junior oil and gas sector.
Enteq Upstream boasts of substantial growth as revenues rise 57%
"Enteq has seen substantial positive growth and a return to real profitability in the last year,” said chief executive Martin Perry.
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FTSE 100 closes in the red as global equity markets lag
The UK's premier shares index finished the afternoon session off nearly 31 points at 7,367
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Blue-chip tobacco takes focus on Wednesday as BAT updates on trading
Investors in the FTSE 100 tobacco firm are likely to focus on its next-generation products as the number of cigarette and pipe smokers continues to fall
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Tesco to provide the nibbles as the markets continue to eye US trade and Tory leadership battles
Aide from Tesco's latest update, a number of lesser-known blue chip firms will also report in the Week Ahead including British American Tobacco, Ferguson, DS Smith, and Halma
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Small cap movers: Online Blockchain taps gamers in bid to boost Bitcoin mining profits
A look back at some of the more interesting stories from the junior market over the past week
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Small cap movers: Cracks appear in Purplebricks as US and UK bosses exit amid profit warning
A look back at some of the more interesting stories from the junior market over the past week
Enteq Upstream on the front foot again as rig activity rebounds
Enteq wants to broaden the geographic reach of the business and strengthen its technological base.
Mobile Tornado shares blown higher on back of solid trading update
Some of the major news-driven risers and fallers on Wednesday …
Enteq Upstream gushes higher on bullish update
“Full year revenue and underlying EBITDA are expected to be materially ahead of expectations”
Investments and investor services
Staffline's slide a temporary problem, Liberum asserts
A look at the day's major movers, including Footasylum, Enteq, Accrol, Codemasters and Sopheon
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Another US rate hike on the cards for Wednesday, with UK inflation data also eyed
Aside from the latest Federal Reserve policy meeting outcome and the May UK consumer price index, ad giant WPP's AGM will also draw attention in the day ahead
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All eyes to be on trading news from Tesco - although investors have to wait until Friday
Aside from a first-quarter update from Tesco, the week ahead will include an annual meeting for rival Morrison's, plus the latest US Federal Reserve and ECB policy meetings
Enteq flows higher as oil sector rebound boosts latest full-year results
Oil prices have recovered over the past year which has led to companies setting up more rigs; good news for Enteq, an oilfield services provider
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Tesco set for strongest quarter in seven years
Week ahead: Tesco, Merlin Entertainments, Capita, Bellway,