MTEM News
(Jun 20, 2007)
Petroleum Geo-Services ASA ('PGS') (OSE and NYSE: PGS) announced today that it has entered into a definitive agreement to acquire MTEM Limited ('MTEM'), a provider of electromagnetic (EM) services used to detect the presence of hydrocarbons, for a price of USD 275 million on a debt free basis.
Read more
(May 25, 2007)
In basketball circles the Harlem Globetrotters are famous the world over, and rapidly-expanding Scottish oilfield services company MTEM has appointed Calgary's own globe trotting basketball star to head up its first office in Canada.
Read more
(May 11, 2007)
MTEM, the rapidly-expanding oilfield services company has successfully completed its first North Sea contract for operators Venture Production plc.
Read more
(Apr 24, 2007)
Rapidly-expanding oilfield technology company MTEM is to double the scope of its work with Trinidadian operating company Ten Degrees North Ltd. (TDN).
The decision by TDN, which will take their spending on the survey to over $1million, represents a significant step forward for MTEM and its electromagnetic method to map oil and gas deposits.
Read more
(Mar 30, 2007)
MTEM has selected Global Marine Systems Limited (Global Marine) to provide the cable installation for a ground-breaking North Sea oil finder project, for Venture Production Plc. The work started earlier this month on a 24 km stretch of water located 200km off the North Scottish coast.
Read more
(Mar 01, 2007)
One of the pioneers of the Scottish-developed system for mapping oil and gas deposits, which allows expensive drilling operations to be highly targeted, has been chosen by the European Association of Geophysicists and Engineers (EAGE) for its 2007 Distinguished Lecturer Program.
Read more
