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
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.
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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
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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