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Meta CEO wins Oil and Gas Entrepreneur of the Year Award

Kevin Stewart, CEO of Meta, has scooped the prestigious title of Oil and Gas Entrepreneur of the Year in the 2013 Ernst & Young Scottish Entrepreneur awards. Redefined Well Integrity Aged just 39, Kevin has achieved notable success in his career having been founder and CEO of a number of successful oil and gas firms. His most recent achievement was creating the premium downhole isolation company Meta, which has redefined well integrity with its range of metal-to-metal sealing technology. Clear Vision and Objectives Kevin was identified as a “passionate and innovative entrepreneur and natural leader” by the judges. He was praised for exhibiting a “wide spectrum of knowledge” and for being “very clear on his vision and objectives for Meta”. Commenting on his win, Kevin said: “It is an honour to receive such a prestigious business award and for Meta’s and the employee’s successes to be recognised. Prestigious Award Ernst & Young’s Entrepreneur of The Year is the world’s most prestigious business award for entrepreneurs. Read the full story on metadownhole.com...

Saudi Aramco Energy Ventures Backs Zilift

Saudi Aramco Energy Ventures (SAEV) has invested in ZiLift AS. Zilift was established in May 2009 exclusively to develop and market permanent magnet technologies for innovative artificial lift applications. Zilift’s high power density products can be deployed using coil tubing or wireline deployment techniques, while delivering power efficiency and optimized production. When available, the tools will also reduce lifting costs, enabling customers to explore innovative PCP and ESP deployments in situations and applications where none exist today. Iain Maclean, CEO, Zilift said: “Artificial lift has a long established history of technical development, however, significant step changes are infrequent. In contrast, Permanent Magnet Motor and Transmission technology has made significant advances in the past twenty years, driven predominantly by significant increases in magnet material performance to enable smaller machines with high power density. Zilift is currently developing three products: TorqueDriveTM, targeting heavy oil production and gas well deliquification including conventional and unconventional gas wells SpeedDriveTM, targeting retrofit conventional oil wells KickStart, for kill fluid displacement as an alternative to coil tubing/nitrogen lift. Viking Venture is one of several existing Zilift investors, including Energy Technology Ventures, Energy Ventures, Chevron Technology Ventures, Jebsen Asset Management and Investinor. View press release on zilift.com...