Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Scottish Loan Fund News

11 Feb 2014

The Scottish Loan Fund Invests £3.5 Million in Coretrax

Maven Capital Partners (Maven) announced a £3.5 million Scottish Loan Fund (SLF) investment in energy services business Coretrax Technology Limited (Coretrax). Set up in 2011 by the Scottish Investment Bank, the investment arm of Scottish Enterprise, and managed by Maven, the £113 million SLF provides loans of up to £5 million to ambitious Scottish businesses. Since launch the SLF has committed over £30 million in support of growth-focused companies. Coretrax was established in 2008 and offers a wide range of downhole tools and services with applications across the well life cycle…

25 Nov 2013

Deep Casing Tools Continues Global Growth

Lance Davis

Deep Casing Tools, which has an innovative range of tools designed to land casing and completions at target depth within oil or gas wells, has appointed Jason Henry and Magnus Wardle as Vice-Presidents of Business Development and Technology respectively, further strengthening the global team. Jason has extensive experience in the oil and gas industry, originally joining Baker Hughes in 1986 with operational and project management roles in Europe. Later, Jason joined the Baker…

04 Mar 2013

Energy Minister Recognizes ROVOP

Photo: ROVOP. Rt Hon Ed Davey takes the controls of an ROV during his visit to ROVOP.

The UK Secretary of State for energy and climate change has hailed subsea services company ROVOP as ‘a leading specialist in its field’ and one which is ensuring that the country remains at the global vanguard of the energy industry. The Rt Hon Ed Davey was speaking as ROVOP announced that it had further bolstered its fleet of cutting-edge ROVs by investing £4million into two new vehicles. Mr Davey, who met senior management at ROVOP during his visit to Aberdeen to engage with high-profile energy business leaders…

11 Oct 2012

Scotland's Fletcher Shipping Snaps Up PSV

North Sea supply specialist Fletcher Shipping buys 'FS Taurus' its third vessel in five years. Currently operating in the Forties section of the North Sea, Taurus will take the total number of employees at Fletcher to 90. Set up in 2007 with backing from the Royal Bank of Scotland, the company transports food, equipment and other supplies to offshore oil and gas operators, reports 'The Scotsman'. The purchase of the Taurus – a 2,600 tonne vessel built in 1991 – has been backed by RBS and the Scottish Loan Fund (SLF) run by Maven Capital. The SLF provided £4 million upfront, with the option to draw down a further £1m, to help part-fund the deal.