Titan Torque Turnover Up 118%

Wednesday, August 03, 2011

Titan Torque, the oilfield services specialist, has announced it has increased turnover by 118%, increased the size of its Aberdeen facility and launched a new service to the drilling sector.
Rapidly-expanding Titan has secured additional operational space to meet  demand for its drilling solutions and equipment. The company now has added an 8,000sq ft unit across from its 10,000sq ft base at East Tullos Industrial Estate.
Titan’s turnover is up from £1.1 million (over $1.8 million) to £2.4 million (nearly $4 million) for its 2011 financial year-end; and the company has also announced that it is to offer a hole opener service to the drilling sector, with the capability to expand the wellbore to 36 or 42 inches.
In addition to its torque services, two Titan innovations – the Drill Bit Protector and the Push Pull Unit – helped to increase the turnover of the business set up nearly three years ago.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

EIVA Welcomes New Global Director

The Danish offshore survey solution specialist EIVA a/s has appointed a new global sales director, Jakob Møller Nielsen. He comes from a similar position at SPX Flow Technology,

USCG Assists 2nd Activist From Arctic Challenger

Coast Guard personnel assisted in the removal of an activist who secured herself to the anchor chain of the Arctic Challenger in Bellingham, Wash., Monday morning.

Port Kembla Tariff hiked

NSW Ports have advised that from 1 July, there will be 2.38% increase to the Navigation Service Charge (Port Tonnage) and 3% increase to other charges (site occupancy,

Finance

Port Kembla Tariff hiked

NSW Ports have advised that from 1 July, there will be 2.38% increase to the Navigation Service Charge (Port Tonnage) and 3% increase to other charges (site occupancy,

Hyundai Heavy Delivers 2,000th Ship

Hyundai Heavy Industries (HHI) has become the world's first shipbuilder to deliver its 2,000th ship. The world's largest shipbuilding company delivered a drillship, "Ocean BlackLion," to U.

Vinalines Plans Ports Divestment

The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1934 sec (5 req/sec)