Well-SENSE strengthened its leadership team on Feb. 10 with the appointment of Stuart Black as director to assist with the company’s strategic growth plans.
Stuart Black, who joined the downhole sensing technology specialist in January, has more than 12 years’ experience within the energy and FMCG (fast-moving consumer goods) sectors, specializing in strategic planning and corporate development.
Based at the company’s Aberdeen headquarters, Black joins Well-SENSE from Baxter’s Food Group where he held the role of head of corporate and strategic projects reporting to the group board. Prior to this he worked in the energy sector, specializing in corporate finance, business development and strategy, working with Johnston Carmichael, Evercore and Simmons Energy
Founded in 2015, Well-SENSE was established by technology director Dan Purkis, a highly regarded industry figure, who has been granted more than 50 patents for his innovative and world-first technologies. Well-SENSE’s compact FiberLine Intervention (FLI) technology is the only bare optical fiber downhole sensing system on the market with the capability to combine distributed and single-point data acquisition into one low cost, low risk solution. It is proven to deliver substantial safety, time and cost efficiencies when compared to data acquisition using conventional well intervention methodologies.
Last year, the company’s FLI technology was successfully commercialized and deployed in support of oil and gas operations in the North Sea, Malaysia and the U.S. Having quickly gained credible traction in this core market, Well-SENSE is looking to develop FLI’s field applications experience, embed new technology and broaden its appeal across sectors.
“Stuart’s background in strategy and corporate development will prove invaluable as we continue to expand the reach of our product and service offering. As Well-SENSE continues to grow, we are keen to expand our team with people who make us think differently and challenge traditional ways of working. We have gained significant traction over the last year and Stuart’s experience, together with his dynamic and ambitious attitude is exactly what we need to capitalize on our opportunities,” Craig Feherty, Well-SENSE CEO, said.
Recommended Reading
Exxon's Joliet Refinery Units Down for a Week, Plans for Restart in Late July, IIR Says
2024-07-17 - A severe storm passed through Joliet earlier this week, leaving thousands without power.
Oil, Gas Firms’ Rising Market Caps Bump Laggards Off S&P Indices
2024-06-10 - Private equity investment firm KKR & Co. Inc. is among energy-related firms joining the S&P 500 as their market capitalization grows.
US NatGas Prices Slide 2% After Mountain Valley Startup Approved
2024-06-12 - Front-month gas futures for July delivery on the New York Mercantile Exchange fell to $3.063/MMBtu in early trading on June 12 as traders reacted to the June 11 approval of the Mountain Valley Pipeline startup.
Howard: Power Generation Growth Dependent on NatGas Demand
2024-06-13 - Electricity demand needs reliable natural gas to function as coal capacity is retired and less reliable renewables take a greater share of the power supply stack.
Analysts: ‘Rare’ Summer NatGas Drawdown May Occur
2024-08-15 - A natural gas storage withdrawal for the Lower 48 may be in the cards this summer, the first to occur since 2016.