We argue that Enteq Upstream is well-positioned for robust performance in FY (fiscal year) March 2022 and strong growth thereafter. The company recently released a trading update for FY March 2021 confirming that results are in line with previous management expectations.
The SABER Tool Enteq has announced the launch of its novel alternative to traditional rotary steerable system (RSS) for directional drilling: the SABER Tool (Steer-At-Bit Enteq Rotary Tool). An evolution of the concept proven and tested by Shell and licensed to Enteq, SABER is now ready for next stage field trials. The SABER Tool uses internally directed pressure differentials to […]
Appointment of Neil Bird Enteq, the energy technology company, is pleased to announce the appointment of Neil Bird as Rotary Steerable System (“RSS”) Product Director, a Non-Board position, ahead of the Company’s launch of an innovative alternative to traditional RSS tools. Based in Houston, Neil will be responsible for the tool’s development and commercialisation, with immediate priorities being static testing and field trials […]
New Software Release: V3.1 Enteq has released the latest version of the software suite, xxMWD-PCSuite V3.1 This software version builds on the reliable and stable xxMWD-PCSuite to add a graphic and user-configurable display for Inclination, Gamma and Tool Face Efficiency data from the At-Bit sub. The graph is configurable by the user and to improve drilling operations, boundary thresholds can […]
Enteq, the oilfield services technology and equipment supplier, announces a contract from a new international customer. On 17 August 2020, Enteq received a Purchase Order and confirmation of a cash deposit payment in respect to a conditional contract valued at $0.9m for equipment to deploy in Saudi Aramco’s drilling operations. The contract is with Enteq’s new strategic partner in the Kingdom of Saudi Arabia, […]